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Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | ALTYS Technologies, ERA a.s., Honeywell International Inc., Indra Sistemas S.A., Saab AB
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024
As per the report, the advanced-surface movement guidance & control system (a-smgcs) market size has grown strongly in recent years. It will grow from $5.07 billion in 2023 to $5.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The advanced-surface movement guidance & control system (a-smgcs) market size is expected to see strong growth in the next few years. It will grow to $6.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Rising Air Traffic Boosts Growth In The Advanced-Surface Movement Guidance And Control System (A-SMGCS) Market
Increased air traffic is expected to drive the advanced-surface movement guidance and control system (A-SMGCS) market. Air traffic refers to the number of airplanes flying in or along a region. There is an increase in air traffic due to increased travel activities. A-SMGCS aids in the efficient flow of aircraft, offers supplementary processes and seeks to give controllers better situational awareness at the lower levels of implementation. For instance, according to the International Civil Aviation Organization, a Canada-based specialized agency of the United Nations, between January 2022 and April 2022, 65% more passengers were carried in the air than during the same time in 2021, while there were 30% more aircraft departures. Therefore, the increasing air traffic will drive the advanced-surface movement guidance and control system (A-SMGCS) market growth.
Innovative Solutions Drive Growth In The Advanced-Surface Movement Guidance And Control System (A-SMGCS) Market
Product innovation is a key trend in the advanced-surface movement guidance and control system (A-SMGCS) market. Major companies operating in the advanced-surface movement guidance and control system market are focused on developing innovative solutions to sustain in the market. For instance, in August 2021, Saab, a Sweden-based aerospace and defense company, launched Saab's Integrated ATC Suite (I-ATS). I-ATS is a scalable and adaptable platform for tower and approach controllers that gives them access to a wide range of tools to safely and effectively manage traffic flow. The I-ATS is based on Service-Oriented Architecture (SOA) concepts, enabling platform customization to satisfy the requirements of both large and small operators.
The advanced-surface movement guidance & control system (a-smgcs) market covered in this report is segmented -
1) By Offering: Hardware, Software, Maintenance
2) By Level: Level 1, Level 2, Level 3, Level 4
3) By Investment: Greenfield, Brownfield
4) By Application: Surveillance, Planning, Monitoring, Guidance
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Major companies operating in the advanced-surface movement guidance & control system (a-smgcs) market report are ALTYS Technologies, ERA a.s., Honeywell International Inc., Indra Sistemas S.A., Saab AB, Searidge Technologies, TERMA Ltd., Thales Group, ADB Safegate BVBA, Frequentis AG, ATG Airports Ltd., TESBL Aerospace Corporation, Leonardo S.p.A., Siemens AG, Saipher ATC, Raytheon Company, Systems Interface Ltd., Copperchase Limited, Harris Corporation, HungaroControl, Intelcan Technosystems Inc, Jotron AS, Micro Nav Limited, Navtech Radar, Park Air Systems Limited, SITTI S.p.A, SkySoft-ATM, Snowflake Software Ltd., Vaisala Oyj, Xsight Systems Ltd. .
Contents of the report:
1. Executive Summary
2. Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Report Structure
3. Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Trends And Strategies
4. Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market - Macro Economic Scenario
5. Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Size And Growth
…..
27. Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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