Analysis of Air Traffic Smart Tower Solutions market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Nowadays, people are resorting to using airlines to reduce their travel time and increase comfortability. Air traffic is increasing year by year due to the existence of multiple airline companies around the world. Air traffic smart tower solutions are used for voice transmission and reception between two or more aircraft, or between aircraft and traffic management towers. The shift of air traffic smart tower solutions from ground-based navigation surveillance to satellite-based navigation surveillance has created a positive impact on the growth of the air traffic smart tower solutions market.
Most vendors in the air traffic smart tower solutions market are adopting several enhanced technologies like VHF radio systems, air traffic management through 4D trajectory, and wireless communication technologies. Air traffic smart tower solutions are being adopted on a large scale, with large- to medium-sized enterprises operating in the field. These established companies of air traffic smart tower solutions invest significant amounts in their research and development wings in order to develop and manufacture technologically advanced air traffic smart tower solutions for smart airports.
An air traffic smart tower solution provides interaction opportunity to the pilot and the ground station controller, and also between two different pilots. Modernization in air traffic smart tower solutions is also adopted by many organizations.
As technology is transforming in smarter ways, connected devices in the air traffic smart tower solutions market are playing an important role by providing centralized access to multiple electronic devices. The primary factor which is driving the air traffic smart tower solutions market is the growing demand for efficient logistics and travelling throughout the world. The growth of the air traffic smart tower solutions market is being boosted due to the rise in the number of travellers through airlines, and also due to the acceptance of smart city projects. Defence organisations in different nations are also using air traffic smart tower solutions for advanced security and other purposes. These are the primary factors which are increasing the growth of the air traffic smart tower solutions market throughout the world.
Air traffic smart tower solutions are adopted by many organizations to keep track of any aircraft. But there are some challenges which are being faced by these users. High initial investment and elongated approval periods are the major challenges faced by most of the vendors in the aircraft communication systems space. These are the primary factors which are hindering the growth of the air traffic smart tower solutions market.
The names of the companies covered in the air traffic smart tower solutions market are FREQUENTIS AG, Thales Group, Indra Sistemas, Lockheed Martin, Harris Corporation, Presagis, M3 Systems, Saab, Croatia Control, Avitech Gmbh, and others.
On the basis of geography, the North American air traffic smart tower solutions market is expected to capture the largest market share, owing to well-developed air traffic smart tower solution developing companies, and due to the presence of various innovative technologies in the region. The European and MEA air traffic smart tower solutions markets are also expected to gain substantial market share due to the introduction of new technologies and applications. APAC is expected to be the fastest growing air traffic smart tower solutions market, owing to the government initiatives being taken towards the improvement of technologies by emerging economies such as India and China, and the increase in the number of travellers and threats from terrorist organisations.
The air traffic smart tower solutions markets in Latin America and Japan are also expected to witness high growth rates in the coming period, due to an increase in the demand for new technologies in the transportation industry.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The air traffic smart tower solutions market can be segmented into component, application, and region.
Segmentation of the air traffic smart tower solutions market by component:
Segmentation of the air traffic smart tower solutions market by application:
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