Global Precision Runway Monitoring (PRM) System Market 2017-2021
About Precision Runway Monitoring System
Precision runway monitoring (PRM) system is a secondary surveillance radar system designed to provide accurate data to perform effective aircraft operations simultaneously on parallel runways. As runway safety is critical to the aviation industry, it is regarded as one of the top priorities of public organizations, such as International Civil Aviation Organization (ICAO), European Aviation Safety Agency (EASA), Federal Aviation Administration (FAA), International Air Transport Association (IATA), and other state-level aviation authorities.
Technavio’s analysts forecast the global precision runway monitoring system market to grow at a CAGR of 14.75% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global precision runway monitoring system market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Precision Runway Monitoring System Market 2017-2021
Technavio recognizes the following companies as the key players in the global precision runway monitoring system market: ERA, Saab and Raytheon.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is accurate and timely deviation of approaching aircraft. PRM system can be represented as an accurate air traffic surveillance system, which is designed to maximize air traffic flow in parallel runways during unfavorable weather conditions or other external factors.”
According to the report, one driver in the market is stringent public regulations emphasizing on airtight runway safety infrastructure. A number of public runway safety regulations have contributed considerably to the undertaken safety precautions during take-off and landing of aircraft. Some of the regulations direct toward providing necessary guidance to operational staff working on and around the maneuvering area to prevent runway accidents due to runway incursions and runway excursions.
Further, the report states that one challenge in the market is high volume of disparate data. The generation of high volumes of data during various commercial aviation processes is one of the key features of the aerospace industry, and the appropriate processing and analysis of the mentioned data are key concerns for airport authorities. Long-term information management generates large data, which is cumbersome and difficult to manage as it is fragmented across multiple units and functions.
ERA, Saab and Raytheon.