Global Air-Traffic Control Equipment Market - Segmented by End-User, by Type, by Airport Type and by Geography - Trends, Analysis, Future Market (2018 - 2023)
Air-traffic control equipment assist the ground-based controllers to land aircraft through a controlled airspace, and further, offer advisory services for non-controlled airspace. The primary functions of the air-traffic control equipment include prevention of collisions, management of the air-traffic flow and providing other supports to pilots. In 2016, the airport passenger boarding bridge accounted for USD 4.65 billion and is expected to reach UDS 5.85 billion by 2022, registering a CAGR of 5.2% during 2017-2022 (the forecast period).
The air-traffic control equipment market is highly competitive as regional and international players are dominating the market. The communication segment is expected to account for more than USD 2 billion and geographically, North America is anticipated to lead the market, holding nearly half of the share, followed by Asia-Pacific and Europe, during 2017-2022(the forecast period).
Latest Developments of Market
In second the quarter of 2017, Almaz-Antei, a Russian defence company, invented a domestically manufactured air-traffic control system. This system is not entirely a civil object, it can also be turned into a combat control system. Rising concerns related to aircraft safety, providing accurate air-traffic data to pilots and increasing number of passengers are expected to directly hit the demand for aircraft and subsequently, lead the market for ATC equipment during 2017-2022 (the forecast period). However, some factors restraining the market include:
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