Airport Surveillance Radar Market - Growth Opportunities till 2023 | Top Companies are Indra, Harris Corporation, Intelcan Technosystems Inc, Leonardo S.p.A. and Others

Market Overview:

The global airport surveillance radar market is predicted to demonstrate 6% CAGR during the forecast period (2018-2023) owing to the technological advancements, asserts Market Research Future (MRFR). Airport Surveillance Radar is referred to as a radar system which is used at the airports in order to display, detect, and enable proper guidance of aircraft in the airspace around airports and the terminal area. Airport surveillance radar is an integrated primary and secondary radar system which is installed at the terminal air traffic control sites and provides six-level national weather service calibrated weather capability. Airport surveillance radar is implemented on airports to guide ATC controllers in managing aircraft movements on the runway.

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Drivers and Constraints Impacting the Market
The advancements in space technologies have led aviation investors to implement satellite-based technologies in order to improve their air navigation surveillance-related operations. With the rising demand for air travel, the need for next-generation technologies to make air travel more efficient, safer, and less harmful to the environment has increased. The rising defense budgets coupled with the integration of satellite navigation system is considered to contribute to the airport surveillance radar market during the assessment period.

Moreover, the growing number of airports across the globe coupled with the integration of surveillance radar systems with satellite navigation systems that allow air traffic control operators to track aircraft within airspace efficiently are likely to influence the market across the globe. Additionally, the investment in airport construction has been rising at a rapid pace which further creates market opportunity for the airport surveillance radar in order to fulfill the demand for airport surveillance.
On the flip side, deployment of airport surveillance radar requires huge investment which is estimated to impede the market growth in the coming years.

Moreover, changes in technologies of surveillance radar are presumed to hinder the market growth. Complexities associated with radar subsystem upgrades coupled with the budgetary inconveniences are likely to dampen the growth of airport surveillance radar market during the appraisal period.

Segmental Analysis:

The global airport surveillance radar market has been segmented on the basis type, platform, and region.

By mode of type, the global airport surveillance radar market has been segmented into secondary radar, primary radar, and others.

By mode of platform, the global airport surveillance radar market has been segmented into civil and military. Among these, the civil segment accounts for the major share in the global market owing to the facilitation of adequate safety and surveillance in and around the airports. Safety is considered as one of the most crucial priorities in organizations such as European Aviation Safety Agency (EASA), International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), Federal Aviation Administration (FAA), International Air Transport Association (IATA), and other state-level aviation authorities. These organizations have implemented an advanced mechanism that facilitates adequate surveillance and safety in and around the airports.

Regional Insights:

Geographically, the airport surveillance radar market span across regions namely, Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

Among all the regions, the North American region is likely to exhibit a significant growth rate owing to an increasing number of passenger traffic. The U.S., being a major contributor in this region is further influencing the growth of the airport surveillance radar market. Moreover, the high number of airports coupled with massive passenger traffic is anticipated to propel the market growth during the estimated period. With the presence of major manufacturers in this region, the market is likely to flourish.

The Asia Pacific region is considered to dominate the global airport surveillance radar market owing to the increasing growth of tourism in the region. As per to the International Air Transport Association, the Asia Pacific region will showcase a significant rise in air travels compared to North America and Europe air by the end of the appraisal period.
The European airport surveillance radar market is projected to expand at a significant pace during the assessment period owing to the growth in air transport of passengers coupled with the increasing freight transportation. Moreover, with the presence of key manufacturing players in this region, the region is likely to flourish.

Industry Updates:

November 26, 2018: A wholly owned subsidiary of Griffon Corporation, Telephonics Corporation has recently announced that it has been awarded a contract of $2.2 million from NASA for the replacement and upgradation of the agency's existing Airport Surveillance Radar-8 Secondary Surveillance Radar systems at its Wallops Island Flight Center.

Competitive Dashboard:

Some of the prominent players operating the global airport surveillance radar market are Northrop Grumman Corporation (U.S.), Harris Corporation (U.S.), Thales Group (France), Intelcan Technosystems Inc. (Canada), Raytheon Company (U.S.), Indra (Spain), Lockheed Martin Corporation (U.S.), Leonardo S.p.A (Italy), and Rockwell Collins (U.S.).

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This release was published on openPR.