Press release
Advanced-Surface Movement Guidance & Control System (A-SMGCS) Industry Set to Achieve $7.01 Billion Milestone by 2029 | Steady 5.9% CAGR
Advanced-Surface Movement Guidance & Control System (A-SMGCS)
What Is the Long-Term Growth Forecast for the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Size 2025?
The market size of the advanced-surface movement guidance & control system (a-smgcs) has seen substantial growth in the past few years. The market is projected to grow from $5.29 billion in 2024 to $5.58 billion in 2025, noted at a compound annual growth rate (CAGR) of 5.5%. The previously observed growth in the market can be credited to the improvement in operational efficiency, integration with air traffic management, initiatives taken to enhance safety, and measures applied for incident prevention.
What CAGR is Forecasted for the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Through 2029?
The market size for the advanced-surface movement guidance & control system (a-smgcs) is predicted to experience robust growth in the near future, reaching $7.01 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%. This anticipated growth during the forecast period can be linked to factors such as increased air traffic, the incorporation of AI and automation, heightened demand for safety and efficiency, airport infrastructure development, and environmental implications. The forecast period is also expected to witness significant trends like the use of augmented reality (AR) applications, systems to avoid collisions, enhanced data analytics, and remote monitoring capabilities.
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What Are the Critical Factors Driving Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Development?
The advanced-surface movement guidance and control system (A-SMGCS) market is anticipated to be driven by a rise in air traffic. Air traffic denotes the volume of airplanes in flight within or across a specific region. This increase in air traffic is caused by an upsurge in travel activities. A-SMGCS contributes to the fluid movement of aircraft, provides additional processes and strives to enhance controllers' situational awareness at lower levels of application. For example, data from the International Civil Aviation Organization, a specialized agency of the United Nations based in Canada, reveals that between January 2022 and April 2022, the number of air passengers increased by 65% compared to the same period in 2021, and aircraft departures saw an increase of 30%. Therefore, the amplified air traffic is set to stimulate the growth of the advanced-surface movement guidance and control system (A-SMGCS) market.
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How Does the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Break Down Across Major Segments?
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
What Are the Major Trends Transforming the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Industry?
In the advanced-surface movement guidance and control system sector, leading businesses are concentrating on the evolution of advanced automated and smart airport solutions to maintain a competitive position. These solutions employ cutting-edge technologies to elevate efficiency, security, and passenger experience in airport functions. The intention of these systems is to diminish delays, curtail mistakes, and ensure a smooth travel journey, which they achieve by refining workflows and promoting communication among interested parties. For example, ADB SAFEGATE, an intelligent airport solutions company from Belgium, unveiled the Airside 4.0 solution in May 2024. This solution fuses advanced digital systems and automation to ease airport procedures and boost communication among stakeholders, effectively enhancing efficiency and reducing the likelihood of human error and setbacks. Safety, especially in limited visibility and intricate manoeuvring situations, is the top priority of this solution. Plus, it offers potent accuracy in steering aircraft at the times of departure, arrival and taxiing, thereby escalating overall safety and efficiency.
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Which Players Are Driving Innovation in the Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market?
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.
Which Regions Are Driving Global Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market Expansion?
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
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