Houston, TX -- (SBWire) -- 07/31/2018 --Air traffic management is a service provided by ground-based controllers who direct aircraft on the ground and through controlled airspace provide advisory services to aircraft in non-controlled airspace. The primary purpose of ATC worldwide is to prevent collisions, organize and expedite the flow of traffic, and provide information and other support for pilots. In some countries, ATC plays a security or defensive role, or is operated by the military.
Research N Report's analysts forecast the Global Air Traffic Management market to grow at a CAGR of +16.10 percent over the period 2013-2018.
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Air Traffic Management Service Market players, such as Thales Group, Aquila, Aeronav Group, BAE Systems PLC., Comsoft Solution GmbH, Harris Corporation, Honeywell International, Inc., Indra Sistemas, S.A., Sockheed Martin
Few factors driving the growth of the market:
- Rise in power industry reforms.
- New capacity addition in the generation and transmission sector.
- Rapid urbanization and industrialization prompted the need for new and more effective reforms.
- Demand for more advanced technologies.
- Rising adoption of Air Traffic Management Service.
This report covers the quantitative and qualitative aspects of the Global Air Traffic Management market during the period 2014-2018. To calculate the market size, the report considers the revenue generated by the vendors in the market. It also covers the Global Air Traffic Management market segmentation based on product type, end-users, and geography. It presents the vendor landscape and a corresponding detailed analysis of the leading vendors in the Global Air Traffic Management market.
On the other hand, though, volatile nature of raw material prices, subjects concerning to counter terrorism and cyber security, and the mounting grey market that offers low-quality products at inexpensive prices, impend to constrain the growth of the Air Traffic Management Service market.
With all the gathered data analyzed using SWOT analysis, there is a clear understanding of the economic landscape of the Global Air Traffic Management Service Market. Prospective for the markets growth was uncovered and out-of-the-way economical threats also became apparent. There is a prominent intentional direction in the market and this is observed in the fundamental trends and improvements studied. By attaining market background and using fundamental norms, policies, and trends of other significant markets for documentations, market data was accomplished.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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