Global Airport Surveillance Radar Market Is Projected To Grow At A Moderate CAGR During The Period 2018-2023
Airport Surveillance Radar Market Overview
Airport surveillance radar refers to a radar system used to identify and display the position of the aircraft in the airspace around airports. Further, advanced airport surveillance radar system consists of primary surveillance radar and secondary surveillance radar. Using airport surveillance radar, air traffic controllers maintain a safe flow of air traffic and prevents collisions.
Market Size and Forecast
Global airport surveillance radar market is projected to grow at a CAGR of 4.8% during the forecast period. In recent years, airport surveillance radar market has witnessed significant growth is anticipated to expand during the forecast period owing to the increasing infrastructure airport construction activity in the developing regions. Moreover, massive growth in tourism across the globe is expected to drive the growth of airport surveillance market in the next few years.
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Geographically, North America accounted for the major market share in overall airport surveillance radar market in 2016. High number of airports coupled with massive passenger traffic is expected to drive the growth of the airport surveillance market. U.S. is the major contributor to the growth of the airport surveillance radar market. Further, presence of major manufacturers in the nation is envisioned to strengthen the market of airport surveillance in the nation.
Asia Pacific is projected to witness lucrative growth during the forecast period. Furthermore, Asia Pacific is expected dominate the overall airport surveillance radar market by the end of forecast period. This can be attributed to the unprecedented growth in commercial aviation. Additionally, rising growth of tourism in the region is likely to spur the demand for better global connectivity and airports. As per International Air Transport Association, number of air travels in Asia Pacific is expected to outnumber combined North America and Europe air travels by 2030. Additionally, number of jet fleet in Asia Pacific is projected to reach 16,180 in 2034 from 5,850 in 2014. These factors are anticipated to increase the demand for air traffic control system which further, is likely to supplement the growth of the airport surveillance radar market. Europe airport surveillance market is expected to grow at significant pace over the forecast period. Growth in air transport of passengers, increasing mail & freight transportation are some of the factors which are expected to garner the growth of the Europe surveillance radar market during the forecast period. Additionally, presence of some key manufacturing players in the region is also projected to strengthen the growth of the airport surveillance radar market.
Our in-depth analysis has segmented global airport surveillance radar market into the following segments:
Global airport surveillance radar market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers & Challenges
Increase in global tourism and rising number of airports in developing regions is one of the key factors driving the growth of the airport surveillance radar market. Further, the number of international tourist is expected to exceed 2 Billion by the end of 2030. Additionally, this high growth in passenger traffic and number of airports is anticipated to accelerate the growth of the global airport surveillance radar market.
Apart from this, massive utilization of airport surveillance radar for military airport is spurring the growth of the airport surveillance radar market globally. Subsequently, increase in defense budgets is expected to supplement the growth of the airport surveillance radar market. Furthermore, technological advancements such as integration of satellite navigation system with airport surveillance radar are likely to increase the market size of the airport surveillance radar market.
In contrast, reduction in number of airports in developed regions such as North America and Europe is likely to dampen the growth of the global airport surveillance radar market. For instance, as per Bureau of Transportation Statistics, number of airports in U.S. was estimated to be 20,341 in 2007. However, this number declined to 19,536 in 2016.
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Key Product Offerings
Northrop Grumman Corporation
Rockwell Collins, Inc.
Shoghi Communications Ltd.
Scope and Context
Overview of the Parent Market
The global airport surveillance radar market is segmented as follows:
By Type Market Size & Y-O-Y Growth Analysis
By Platform Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
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This post was originally published on Aerospace Industry