Dallas, TX -- (SBWIRE) -- 03/12/2015 -- According to a new market research report "Air Traffic Control Equipment Market by product types (Communication, Navigation, and Surveillance), by Geography (North America, Europe, Latin America, Asia-Pacific, Middle East, and Africa), and by Country. Forecast Analysis (2014-2020)", published by MarketsandMarkets, the Global Air Traffic Control (ATC) Equipment Market is estimated to be at $4160.2 Million in 2014 and is expected to register a CAGR of 4.82%, to reach $5519.5 Million by 2020.

Browse 85 market data tables and 58 figures spread through 203 pages and in-depth TOC on "Air Traffic Control Equipment Market".

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Air traffic is expected to be double in next 15 years. In current scenario, despite uncertain economic conditions, commercial aviation is experiencing continuous growth in aircraft movements.

The increase in passenger traffic and aircraft movement has resulted into expansion of airports and construction of new airports to meet the future demand of air traffic. The airport construction and expansion needs advanced ATC equipment, as well as its sub-systems to handle increased aircraft movements more efficiently. Therefore, the construction of new airports and modernization of existing airports have been a real growth factor for the ATC equipment market. The restraints identified in this market include high cost and maintenance of the ATC equipment. The challenges faced by this market include lack of efficient operations at peak hours and lack of skilled labor.

The purpose of this report is to identify the business opportunities arising from new airports, new runways, or any airport expansion/upgradation. The Air Traffic control (ATC) equipment play a crucial role at airports ensuring safety, reliability and efficiency of the aircraft. The main objective of ATC is to avoid collision of aircraft in air as well as on the ground.

The report describes the market size of the global ATC equipment market over the next six years (2014-2020) along with the market share by region. Three main types of ATC equipment include communication equipment, navigation equipment, and surveillance equipment; along with the air traffic management systems, which determine airspace capacity.

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There are major airport expansions presently going on in several countries including China, India, Germany, UAE, and Saudi Arabia, among others. This report analyzes the factors driving the ATC equipment market, factors restraining market growth, market opportunities, and the challenges faced in this market.

This report also talks about leading competitors and offers a company overview, details about financial positions, key products, and key developments. The key players include Thales Group, Indra Sistemas, Raytheon, Harris Corporation and Lockheed Martin.

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