Global Air Traffic Control (ATC) Equipment Market is expected to reach USD 4.23 billion by 2020, according to a new study by Grand View Research, Inc. Need for construction of new airports, and expansion & modernization of the existing ones to address increasing passenger & freight traffic is expected to increase air traffic control equipment demand. Advancements in microelectronics have provided ample growth opportunities for the air traffic control equipment market and further innovations in the domain are expected to buoy market growth over the forecast period.
Owing to continuous need for monitoring air traffic, interruption in the activity is not feasible which makes replacement of obsolete ATC equipment a cumbersome task. In order to maintain the flow of traffic monitoring, new equipment is operated in parallel with the existing one before the latter is phased out completely, which poses a challenge to air traffic control equipment market growth.
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Further key findings from the study suggest:
View all Related Reports from same Category: http://www.grandviewresearch.com/industry/communication-services
For the purpose of this study, Grand View Research has segmented the global air traffic control equipment market on the basis of product, application and region:
Air Traffic Control Equipment Product Outlook (USD Million, 2012 – 2020)
• Communications Equipment
• Navigation Equipment
• Surveillance Equipment
Air Traffic Control Equipment Application Outlook (USD Million, 2012 – 2020)
• Commercial Aircraft
• Private Aircraft
• Military Aircraft
Air Traffic Control Equipment Regional Outlook (USD Million, 2012 – 2020)
• North America
• Asia Pacific
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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