Global Air Traffic Control Market Driven by Developments in Air Traffic Control Devices
The global air traffic control market is expected to grow considerably during the period between 2013 and 2019, driven by developments in aircrafts and air traffic control equipment in the European region.
Europe Air Traffic Control Market Holds Dominant 32.1% Market Share
The global air traffic control market is driven by constant development of the air traffic control equipment market in Europe. Geographically, the global air traffic control equipment market is segmented into Europe, North America, Asia Pacific, and Rest of the World. In 2012, the global air traffic control equipment market was dominated by the Europe air traffic control equipment sector. The market for air traffic control equipment in the European region accounted for 32.1% of the global market in 2012 and is expected to develop rapidly during the forecast period. With advancements in air traffic control equipment and growing contribution from leading companies, the Asia Pacific market is expected to develop swiftly in coming few years.
Browse the full Global Air Traffic Control Market Report: http://www.mrrse.com/air-traffic-control-market
Key market players from across all regions have started introducing newly developed air traffic control equipment to manage air traffic efficiency, capacity, and safety. Some of the prominent players in the global air traffic control equipment market are BAE Systems Plc., Harris Corp, Lockheed Martin Corp., Raytheon Company, Searidge Technologies Inc., Thales Group, Cobham Pla., NavAero Inc., Indra Sistemas SA., and Northrop Grumman Corp.
Innovative Air Traffic Control Equipment to Manage Air Traffic
The aviation sector in the Middle East region is developing rapidly due to expected growth in aircraft fleets over the past few years. Oxford Economics conducted a study for NATS, a specialist in air traffic control and management. The study found that the skies above the Middle East region are overcrowded. At present, the Middle East region accounts for nearly 5.0% of the global air traffic and the figure is expected to increase further in the coming decade. Investments in operational, technological, and institutional air traffic control equipment and systems will help the Middle East regional market for air traffic control equipment. Implementation of advanced air traffic control equipment will not only help the aviation sector in the Middle East region control air traffic but also save cost.
By end user, the global air traffic control equipment market is segmented into private aircraft, commercial aircraft, and military aircraft. In 2012, the global air traffic control equipment market was dominated by the commercial aircraft sector. By type, the global air traffic control equipment market is segmented into surveillance equipment, communication equipment, and navigation equipment. In 2012, the communication equipment sector dominated the global air traffic control equipment market. With the highest share in the global market, the communication equipment sector will continue to dominate the global market during the forecast period.
Browse the full Press Release of Global Air Traffic Control Market: http://www.mrrse.com/air-traffic-control-industry
Introduction of advanced communication and data processing techniques by the leading market players will boost the global air traffic control equipment market during the forecast period. Domestic and international companies from across the globe provide enhanced data transmission equipment and automated air traffic control devices to the aerospace sector to help manage air traffic effectively.