ATC Equipment Market Worth $5.5bn

The global market for air traffic control equipment is set to grow by more than 4.8 per cent each year and will be worth $5.5bn by 2020, according to the latest forecast published by MarketsandMarkets.

The global market for air traffic control equipment is set to grow by more than 4.8 per cent each year and will be worth $5.5bn by 2020, according to the latest forecast published by MarketsandMarkets.

The analysts predict that, with air traffic expected to be double in next 15 years, demand for communications, navigation and surveillance equipment will grow significantly.

Demand is expected to be highest for communications equipment, and by 2020 Asia-Pacific is predicted to overtake Europe and North America as having the highest market share.

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