Global Air Traffic Control Equipment Market: Overview
The rising demand within the global
air traffic control equipment market can be attributed to rising
air traffic. The need for resilience and seamless control over air traffic
control systems has played a vital role in market growth. Specifications and
rules stipulated by regulatory bodies has brought air traffic control units
under the spotlight of attention. Caution and precision are important
watchwords for people working across air traffic control units. Furthermore,
the need for continual improvements in air traffic management is also
characteristic of these units. Owing to the factors mentioned above, the global
air traffic control equipment market is slated to tread along a lucrative
growth path in the forthcoming years.
A review added by Transparency Market Research (TMR) on the
global air traffic control equipment market uncovers several factors pertaining
to market growth. The global air traffic control equipment market can be
segmented on the basis of aircraft type and product. Use of air traffic control
equipment for managing commercial aircrafts has increased by a dramatic chase.
Presence of a large fleet of commercial aircrafts in multiple regions has aided
market growth.
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Global Air Traffic Control Equipment Market: Notable
Developments
- The
Federal Aviation Administration (FAA) has stipulated a set of new rules
and laws for identification and tracking of drones within the US. The laws
are intended towards balancing safety requirements with law-enforcement
across the commercial aviation industry. The use of air traffic control
equipment would play an integral role in meeting the ambitious plans of
the FAA.
- Canada
has lately struck a deal with the US to continue operation of one of its
challenger jets, despite unavailability of adequate technology to match
new air traffic control equipment. The Royal Canadian Air Force Challenger
shall continue to operate in US air space, and this is an important
consideration for vendors in the global air traffic control equipment
market.
Global Air Traffic Control Equipment Market: Growth
Drivers
- Increasing
Investments in Aviation
The global market has earned key revenues from growing
investments in the aviation industry. Besides, advancements in data processing
and communication technologies has garnered the attention of vendors in the
global air traffic control equipment market. Need for safe landing and take-off
has led decision-makers in the aviation industry to push ATC units towards
continual advancements. Furthermore, presence of multiple aircrafts across
aerial trajectory necessitates the use of cutting-edge equipment for air
traffic control and management. In this scenario, it is safe to expect that the
global air traffic control equipment market would expand by a dramatic chase in
the years to follow.
- Presence
of Multiple Aircraft Fleets
A wide range of products correspond to air traffic control
equipment, and this is an important consideration from the perspective of
market growth. Several authorities have enunciated the use of broadcast
equipment, law enforcement supplies, and airport surveillance systems in the
aviation industry. Furthermore, proper training of workers is a vital feat for
air traffic control authorities. Therefore, the total volume of revenues within
the global air traffic control equipment market is set to rise by leaps and
bounds. The collaboration of ground systems with air traffic control equipment
plays an integral role in maintaining proper resilience of fleets. Military
aircrafts are required to fly at altitudes different from commercial and
private aircrafts. This factor, coupled with the need for managing times of
aerial trajectories, has aided market growth.
This study by TMR is all-encompassing framework of the
dynamics of the market. It mainly comprises critical assessment of consumers'
or customers' journeys, current and emerging avenues, and strategic framework
to enable CXOs take effective decisions.
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is the 4-Quadrant Framework EIRS that offers detailed visualization of four
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Maps
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and Tools based on data-driven research
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to meet all the business priorities
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Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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