Global Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market: Key Highlights
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Global Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market: Key Market Dynamics
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Global Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market: Regional Overview
The Asia Pacific region is one of the major player in the growth for commercial aviation which will lead to increase the growth of the market. According to the International Trade Administration (ITA), China is one of the world second largest civil aerospace and aviation services market. Also, the China government has spent more than USD 90 Billion for the enhancement and development of manufacturing capabilities, boost the domestic maintenance capacity and establish airlines sector. Hence, these will lead to improve the market demand in the region in the projected period.
Europe is witness to increase the demand of the market in the forecast period with adopting of new technology and services in the field of aviation sector. Also, the European Aviation Associations and European Union Aviation Safety Agency (EASA) has increase the safe regulation for the air travel during the COVID-19 pandemic. According to the Air Transport Action Group, in 2016 the region has support of about more than 11 million jobs and more than USD 80 billion in the European economic activity. Hence, these development and innovation in the airline industries will fuel the growth of the market in the forecast period.
Global Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market: Key Players Overview
The company is a Swedish aerospace company which provides a world leading products, and solution to military defense and for civil security. In 2017, the company has signed a contract with Cengiz Construction to supply a full integrated air traffic control tower system for the new airport of Istanbul. Whereas in 2018, the company offers an advanced surface movements control and guidance for about 100 airports worldwide includes Europe, US, Asia and South America. Hence, the company offers a solutions to benefit the operation of airlines as well as the airports.
The company is a Spanish information technology and defense system company which operate in information technologies, simulation & automatic test equipment, and defense electronic equipment. The company is one of the major player of A-SMGCS market. Whereas the company is a leading manufacturers of the air traffic control equipment. In 2017, the company has received a contract for upgradation of seven air traffic surveillance radars distributions in four countries form Central American Corporation for Air Navigation Services (COCESNA).
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