Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on BRICS air traffic control market provides in-depth
analysis of segments and sub-segments in the BRICS as well as regional BRICS
air traffic control market. The study also highlights the impact of drivers,
restraints, and macro indicators on the BRICS and regional BRICS air traffic
control market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts and dollar values of BRICS air
traffic control market. According to the report, the BRICS air traffic control
market is projected to grow at a healthy CAGR over the forecast period of
2021-2027.
Air traffic control, or ATC, is a
ground-based service performed in traditionally tall air traffic control
towers. Air Traffic Control is an essential component of contemporary aviation.
Air traffic control systems and solutions are responsible for coordinating the
movement of thousands of aircraft, keeping them at a safe distance from one
another, directing them during takeoff and landing, directing them around
severe weather, and ensuring that traffic moves quickly and with little delays.
As time has gone and modern aviation has advanced, the role of air traffic
control has grown and gotten more complicated. The use of cutting-edge
technologies and management systems in air traffic control towers has become a
must.
The air traffic in BRCIS countries
has been growing at a rapid pace. Economic boom with rapid industrialization
has greatly increased the air traffic in BRICS countries. Air transport has
become an important fast transportation medium for delivery of critical raw
materials, resources, components, machinery and others, coupled with increase
in air travelers due to growing disposable income. IATA predicts that number of
air passengers will be tripled by 2036. As the air traffic is growing in BRICS
countries, they are planning on building new airports to accommodate the
growing air ports as the existing airport infrastructure would fall short to do
it. According to International Air Transport Association (IATA) the Civil
Aviation Administration of China wanted to build 74 new airports by 2020. The
market is expected to be restrained as cyber attacks on air traffic control
systems are increasing. New market opportunities are expected to arise as
adoption of automated air traffic control systems is growing.
China is expected to be the one of
the largest aviation industry in the world. China has some of the busiest
airports in the world. These airports have become the backbone of air freight
and international passenger travel in China. China is continuously upgrading
its airports to accommodate the continuously growing air traffic. Furthermore,
local players in China have started offering air traffic control systems in
line with those of the major market players. The air traffic control market is
very huge in China. Additionally, China is establishing new air corridors
within country and neighboring countries to facilitate easy transportation of
cargo and people and accommodate the growing demand for new air routes. Thus,
new air traffic control systems and solutions are required to manage the
growing air corridors and routes in China. Tourism industry is also flourishing
in China with the influx of foreign tourists growing each year, thus passenger
flights have increased tremendously in China which has also significantly
increased the air traffic. India is expected to be the second largest market in
BRICS countries owing to its growing aviation industry and government schemes
such as UDAN scheme.
The report on BRICS air traffic
control market covers segments such as control center, component, application,
airport size, and end user. On the basis of control center, the sub-markets
include terminal radar approach control, air route traffic control center (ARTCC),
air traffic control tower (ATCT), and remote tower. On the basis of component,
the sub-markets include hardware, software, and services. On the basis of
application, the sub-markets include navigation, communication, surveillance,
and others. On the basis of airport size, the sub-markets include small,
medium, and large. On the basis of end user, the sub-markets include civil, and
defense.
The report provides profiles of
the companies in the market such as Raytheon Technologies Corporation,
Honeywell International Inc., BAE Systems, Indra Sistemas, S.A., Lockheed
Martin Corporation, Leonardo S.p.A., Thales Group, SAAB AB, Nanjing LES Information
Technology, and China Harbor Engineering Company (CHEC) Limited.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of BRICS air traffic control market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.