Air Traffic Control Equipment Market (by Communication, Navigation, and Surveillance) to Reach $5519.51 Million by 2020 – New Report by MarketsandMarkets
(PRWEB) November 24, 2014 -- The report provides an in-depth analysis of the "Air Traffic Control Equipment Market by product types (Communication, Navigation, and Surveillance), by Geography (North America, Europe, Latin America, Asia-Pacific, Middle East, and Africa), and by Country. Forecast Analysis (2014-2020)", defines and segments the Air traffic control equipment market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future road maps.
The ATC equipment market is estimated to reach $5519.51 Million by 2020, growing at a high CAGR of 4.82% from 2014-2020. In current scenario, despite uncertain economic conditions, commercial aviation is experiencing continuous growth in aircraft movements.
Browse 58 market data tables and 23 figures spread through 134 pages and in-depth TOC on "Air Traffic Control Equipment Market - Forecast Analysis (2014-2020)"
Report Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=159216929
Major factors driving the ATC equipment market contain construction of new airports, modernization of existing airports, and increase in passenger & freight traffic, increase in aircraft movements, technological advancements, and high safety requirements. However, the high cost and maintenance of the ATC equipment will be a major restraint for the market.
The report discusses key industry, market, and technology trends that influence the Air Traffic Control equipment market. The report tracks, analyzes, and lays out the market size of major regions including North America, Europe, the Middle East, Asia-Pacific, Latin America, and Africa. The report also provides the market divide up by product types namely, communication equipment, navigation equipment, and surveillance equipment. It provides an insight into regional trends on spending, analyzes market size by region, and also provides the data on the spending pattern by types.
Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=159216929
Construction of new airports and modernization of existing airports acts as a major driver for the global Air Traffic Control equipment market. This is further aided by technological advancements, high safety requirements, and increase in passenger and freight traffic. High maintenance and operational cost are expected to restrict the market. The challenges faced by the market include lack of efficient operations in peak period and lack of skilled labor. Opportunities expected to drive the market further include NextGen transformation; a shift from ground-based navigation surveillance to satellite-based navigation surveillance.
Get the copy of Report @
http://www.marketsandmarkets.com/Market-Reports/air-traffic-control-equipment-market-159216929.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
E-mail: [email protected]
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence
Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]
Share this article