The Global Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market is projected to reach a value of over USD 7.1 Billion by 2027 at a CAGR of around 5.5%.
The Advanced-Surface Movement Guidance & Control System (A-SMGCS) is refers to a system which helps to provides services to the aircraft. Also, it helps vehicle on the airport for improve the efficiency as well as the operation of the airport. However, it used to reduce the voice communication, enhance reliance on avionics in cockpit and improve the surface guidelines aids. Also it provides an actual position information of all the movements within the areas.
Hence, it support in ground movement operations at the airport which is based upon the operational procedures.
Market Driver:
The rising growth in airport infrastructure is witness to improve safety and smooth the airport operation, will lead to enhance the market in the forecast period. Also, it will enhance the aircraft traffic awareness with the help of identification and position information of aircraft. Whereas, the higher level of the system enhances the Air Traffic Controllers (ATCOs) and pilots for the improvement to domain traffic surveillance and routing. However, the European Civil Aviation Conference (ECAC) has so far more than 15 airports has been equipped with the Level 1 of improved surveillance A-SMGCS.
Hence, with these airport operator and the passenger are getting benefits with the reduction in diversions as well as cancellation. These will lead to fuel the growth of the Advanced-Surface Movement Guidance & Control System (A-SMGCS) market in the forecast period.
Market Challenges:
The one of the major concern issue for the Advanced-Surface Movement Guidance & Control System (A-SMGCS) market is the lack of skilled workforce. However, high cost of installation also create a major impact in the installation and maintenance of A-SMGCS. Additionally, the traffic management is one of the factor which could hamper the growth of the advanced surface movement guidance and control system market. Whereas, the cost required for the system to implement is require a huge investment in operational as well as replacement of the system.
Hence, the cost pressure are also increasing with the passenger demand of high quality of travel experience. These factor will lead to hinder the growth of the Advanced-Surface Movement Guidance & Control System (A-SMGCS) market in the forecast period.
The report on the advanced-surface movement guidance & control system (A-SMGCS) market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Investment, Sector, Offering, Level, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market, by Investment
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market, by Sector
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market, by Offering
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market, by Level
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market, by Application
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ADVANCED-SURFACE MOVEMENT GUIDANCE & CONTROL SYSTEM (A-SMGCS) MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY