Press release
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Size Forecasted To Achieve $7.21 Billion By 2029 With Steady Growth
Advanced-Surface Movement Guidance & Control System (A-SMGCS)
What Is the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Size and Projected Growth Rate?
In recent times, there has been a significant expansion in the market size of the advanced-surface movement guidance & control system (A-SMGCS). The projections indicate that its value will increase from $5.29 billion in 2024 to $5.62 billion in the subsequent year, 2025. This progress forecasts a compound annual growth rate (CAGR) of 6.3%. Factors such as the improvement in operational efficiency, integration with air traffic management, safety enhancement measures, and initiatives for incident prevention have contributed to this growth in the historic period.
Expectations are high for significant expansion in the market for the advanced-surface movement guidance & control system (A-SMGCS) in the coming years. The sector is projected to reach a value of $7.21 billion by 2029, rising at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth within this period can be attributed to several factors including the increase in air traffic, integration of AI and automation, the quest for safety and efficiency, expansion of airport infrastructure, and ecological considerations. Major trends to observe during the forecast period encompass the use of augmented reality (AR) applications, collision avoidance systems, enhanced data analytics, and remote monitoring capabilities.
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What Are the Major Segments in the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market?
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
Subsegments:
1) By Hardware: Sensors, Display Systems, Communication Equipment, Control Panels, Data Processing Units
2) By Software: Surveillance And Tracking Software, Decision Support Systems, Integration Software, User Interface Applications, Analytics And Reporting Tools
3) By Maintenance: Technical Support Services, Software Updates And Patches, Hardware Repair And Replacement, Training And Consulting Services, System Performance Assessments
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What Are The Driving Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Evolution?
The anticipated rise in air traffic is predicted to fuel the expansion of the advanced-surface movement guidance and control system (A-SMGCS) market. Air traffic, which constitutes the volume of airplanes traversing or occupying a specific region, has seen a surge due to augmented travel activities. The A-SMGCS facilitates the effective circulation of aircraft, introduces additional functionalities, and aims to enhance controllers' comprehension of situations at the lower stages of adoption. For instance, data from the International Civil Aviation Organization, a United Nations affiliated agency based in Canada, reveals that between January 2022 and April 2022, there was a 65% bump in the number of air passengers compared to the same period in 2021, with a 30% increase in aircraft take-offs. Therefore, the booming air traffic is anticipated to stimulate the growth of the advanced-surface movement guidance and control system (A-SMGCS) market.
Which Firms Dominate The Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Segments?
Major companies operating in the advanced-surface movement guidance & control system (A-SMGCS) market include 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.
What Trends Are Expected to Dominate the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market in the Next 5 Years?
Key players in the advanced-surface movement guidance and control system market are concentrating on the development of sophisticated, automated, and intelligent airport solutions in order to maintain their market position. These solutions use cutting-edge technology to enhance airport operations' efficiency, safety, and passenger experience. They work by optimizing work processes and strengthening stakeholder communication, with the aim of decreasing delays, reducing mistakes, and ensuring a smooth flying experience. For example, ADB SAFEGATE, an intelligent airport solutions provider based in Belgium, launched the Airside 4.0 solution in May 2024. This solution integrates superior digital systems and automation to improve airport operations' effectiveness and stakeholder communication, while minimizing human errors and delays. It focuses on safety, especially under conditions of poor visibility and complex navigation. Moreover, it guarantees a high degree of precision in directing aircraft during takeoff, landing, and taxiing, ultimately improving safety and efficiency.
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Which Is The Largest Region In The Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market?
Europe was the largest region in the advanced-surface movement guidance & control system (A-SMGCS) market in 2024. The regions covered in the advanced-surface movement guidance & control system (A-SMGCS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market?
2. What is the CAGR expected in the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market?
3. What Are the Key Innovations Transforming the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Industry?
4. Which Region Is Leading the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market?
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