Jay Clemens
ASDReports projects communication equipment to dominate the air traffic control equipment market between 2014 and 2020 and expects China to hold the biggest market share throughout the forecasted period.
The report predicts the construction of new airports, airport upgrades, increase in passenger and freight traffic, escalating aircraft movements, technological advancements and safety requirements to drive the market over the next six years, ASDReports said in January.
ASDReports expects high costs and maintenance of the ATC equipment to pose a major restraint for the market.
The report lists Thales Group, Indra Sistemas, Harris, Lockheed Martin, Raytheon and Northrop Grumman as among the market’s “tier-one” players and analyzes those companies’ products and services, growth strategies, market acquisitions, new product launches and business expansions in the past three years.
The report also tackles industry, market and technology trends that influence the ATC equipment market.
