Market reports on India present the latest report on “India Air Traffic Control (ATC) Equipment Market (2016-2022)” http://www.marketreportsonindia.com/industry-mfg-market-research-reports-13773/india-air-traffic-control-equipment.html The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas.
11th May 2016, – Navi Mumbai, India: Market reports on India presents the latest report on “India Air Traffic Control (ATC) Equipment Market (2016-2022)”. The report thoroughly covers ATC equipment market by types, verticals and regions.
India Air Traffic Control (ATC) Equipment Market (2016-2022): Market Forecast by Equipment Types (Communication Equipment, Navigation Equipment and Surveillance Equipment), Verticals (Civil and Defense) and Regions (North, South, East, West and North East)
India is amongst the fastest growing countries in aviation industry. Aviation industry can be segmented as civil and defense, wherein civil segment registered augmented growth over the last five years attributed to increase in volume of air passenger traffic. India is ranked #9 in global air passenger traffic volume, which recorded 10% growth in FY’2015. Although, civil aviation contributes majorly in the overall aviation industry but defense aviation is also surging owing to expansion of military airbases and increasing defense spending.
Air Traffic Control (ATC) equipment are the core building blocks of aviation industry that are deployed for carrying out flight operations. Emergence of low cost carriers, growing air passenger traffic on domestic routes, and establishment of new airports have led to the overall surge of Air Traffic Control (ATC) equipment in India. Further, expansion of military air bases across the country, especially at North-Eastern borders have spur the demand for these equipment.
India’s ATC equipment market is projected to grow at a CAGR of 4.08% during 2016-22. The growth in the forecast period...