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Automated Radar Terminal System Market Estimated to Flourish by 2025
This automates the planning of departure and arrival schedule of an aircraft at the particular airport. ARTS system also facilitates inter/intra facility transfer and coordination of flight information data.
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Factors such as expansion of airports and growing trend of modernization which results into deployment of enhanced air traffic systems are expected to drive the automated radar terminal system market in the coming years. Moreover, high safety requirements in aircraft and technological advancements and growing automation in components and systems are resulting into the growth of ARTS (Automated Radar Terminal System) market.
However factors such as high initial investment, high maintenance cost and lack of expertise to operate such systems are restricting the growth of ARTS (Automated Radar Terminal System) market.
The ARTS (Automated Radar Terminal System) market can be segmented on the basis of deployment, component and region wise. On the basis of deployment it is further segmented into commercial aircrafts, private aircrafts and military aircrafts. On the basis of component the ARTS market is sub-segmented into ARTS-II, ARTS-III and ARTS-III A. Region wise ARTS (Automated Radar Terminal System) market is further segmented into key regions such as North America, Latin America, Asia-Pacific, Western Europe, Eastern Europe, Japan and Middle East & Africa.
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North America and Europe region account for a major revenue share of ARTS (Automated Radar Terminal System) market owing to increased government initiatives for secured air traffic and aircraft. Asia Pacific’s ARTS (Automated Radar Terminal System) market is expected to show high growth potential in the forecast period due to growing demand for effective and efficient infrastructure. ARTS (Automated Radar Terminal System) market in Latin America and MEA region is anticipated to grow at a moderate pace due to slow adoption of owing to lack of skilled personnel for operating such systems.
Lockheed Martin Corporation, NEC Corporation, Raytheon Company, Aeronav Inc., Thales Group, Searidge Technologies, Northrop Grumman Corporation, Becker Avionics GmbH, BAE Systems Plc. and Harris Corporation are some of key players in ARTS (Automated Radar Terminal System) market.
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