Press release
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market 2024: An Overview of Growth Trends, Leading Players, and Future Prospects
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Size
What Is The Projected Market Size Of The Global Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024 And Its Growth Rate?
• The A-SMGCS market size is forecasted to grow from $5.29 billion in 2024 to $5.62 billion in 2025, signifying a CAGR of 6.3%.
• The growth in the historical period is attributed to operational efficiency improvement, integration with air traffic management, safety enhancement initiatives, and incident prevention.
• The market size is expected to reach $7.21 billion by 2029 with a CAGR of 6.4%, driven by air traffic growth, AI, and automation integration, demand for safety and efficiency, airport infrastructure expansion, and environmental considerations.
What Is Driving The Growth In The Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024?
The advanced-surface movement guidance and control system (A-SMGCS) market is driven by growing air traffic. With more planes traversing a region thanks to increased travel activities, there is a need for more efficient aircraft flow management. This is where A-SMGCS aids in providing supplementary processes and improved situational awareness. For instance, the International Civil Aviation Organization states a 65% increase in passengers flown between January 2022 and April 2022 compared to 2021, while simultaneously reporting a 30% increase in aircraft departures. These factors point to a promising future for advanced-surface movement guidance and control system (A-SMGCS) market growth.
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Who Are the Key Players Driving Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024 Growth?
• 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
What Are The Key Trends In The Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024?
• Augmented reality (AR) applications
• Collision avoidance systems
• Enhanced data analytics
• Remote monitoring capabilities
What Are The Segments Of The Global Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024?
• By Offering: Hardware, Software, Maintenance
• By Level: Level 1, Level 2, Level 3, Level 4
• By Investment: Greenfield, Brownfield
• By Application: Surveillance, Planning, Monitoring, Guidance
Which Region Leads The Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024?
In 2024, Europe emerged as the largest region in the advanced-surface movement guidance & control system (A-SMGCS) market. Other regions covered in the A-SMGCS market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024 Global Market Report?
- Market Size Analysis: Analyze the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Global Market Report 2024.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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