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Switch to Satellite-Based Air Traffic Control Systems to Bring in High-Value Opportunities, Reports Tmr

  • Date Submitted: 08/30/2016 03:10 AM
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The competition among players in the global air traffic control equipment market has increased considerably in the last few years. The top three players – Harris Corp., Thales Group, and BAE Systems Plc – accounted for nearly 46% of the market in 2012. Companies are introducing new products and offering customized air traffic management solutions at reasonable cost, states a new report by Transparency Market Research (TMR).

Get the Full Report at:
http://www.transparencymarketresearch.com/air-traffic-control-market.html

In order to manage the growing air traffic, traffic authorities are changing the way they operate and manufacturers are shifting their production base to emerging economies. Leading players are acquiring small scale companies. Case in point: Indra Sistemas along with Northrop Grumman, acquired Park Air Systems Norway. This acquisition helped Indra build up its portfolio in air traffic management systems.

R&D remains the core focus of key companies in the global air traffic control equipment market. Thales Group, for instance, invested over US$3 bn into R&D in 2013. The development of sophisticated technology for analysis, decision making, and detection fields is another area gripping the focus of players. With innovation in their products, key players hope to serve space and aeronautics, defense and security, and ground transportation.

Environmental Benefits Associated With Use of Air Traffic Control Equipment Boosts Demand

The utilization of air traffic control systems benefits the environment to a great extent. According to a 2012 research conducted by Airbus, around 9 mn tons of fuel would be saved per year, if air traffic control and management systems were used optimally. This would help prevent 28 mn tons of CO2 emissions per year. The environmental benefits of using air traffic control equipment will thus, drive their demand.

Another factor contributing to the growth of the global air traffic control equipment market is...

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