India Air Traffic Control Equipment Market to See Positive Growth by 2022, According to New Report by 6Wresearch Available at MarketPublishers.com17 May 2016 • by Natalie Aster
LONDON – Holding the ninth position in terms of air passenger traffic volume worldwide, India is one of the fastest-growing country aviation markets. Civil aviation sector witnessed augmented growth during the past 5 years due to the rising volume of air passenger traffic. Meanwhile, defense aviation sector growth is spurred by expansion of military airbuses along with rising defense spending.
Introduction of low-cost carriers, establishment of novel airports and increasing air passenger traffic on domestic routes drive the overall surge of the Indian air traffic control (ATR) equipment market. Moreover, expansion of military air buses across the country (particularly at North-Eastern borders), have also given an impetus to the growth of demand for ATR equipment.
The Indian ATC equipment market is predicted to grow at a 4.08% CAGR from 2016 to 2022, spurred by increasing modernization and expansion of national airports. Communication and navigation equipment command the biggest shares of the Indian ATC equipment market.
Cutting-edge insightful report “India Air Traffic Control (ATC) Equipment Market” elaborated by 6Wresearch includes an up-close overview of the Indian ATC equipment market, provides a detailed analysis of the market segmentation (by types, verticals and regions), delves into on-going development trends, discusses top opportunities and points out lucrative growth areas. The research study also presents granular forecasts for the Indian ATC market up till 2022 and includes an in-depth analysis of the major market growth drivers and restraints.
More cutting-edge research studies by our research partner can be found at 6Wresearch page.