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Global Air Traffic Control (ATC) Equipment Markets 2020-2021 & 2027 – The Rise of Smart Airports Emphasizes Modernization Programs

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Dublin, Sept. 01, 2021 (GLOBE NEWSWIRE) — The “Air Traffic Control (ATC) Equipment – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global market for Air Traffic Control (ATC) Equipment estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$6.7 Billion by 2026, growing at a CAGR of 5.2% over the analysis period.

Air traffic control (ATC) equipment is used in aviation industry to help in navigation and enable synchronized take-off and landing operations of aircraft. In addition to well-organized operations, ATC Equipment is used to avoid collisions and air-related accidents as well. Increasing traffic of freight and air passengers is resulting in increased aircraft activities and the need to construct new airports.

Increasing needs to modernize existing airports and construction of new facilities are expected to drive Air Traffic Control (ATC) equipment growth over the next few years. High safety requirements and technological improvements in aircraft components are expected to boost ATC equipment demand. New generation technology concepts such as Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML) would continue to broaden the technical capabilities of ATC equipment.

Communications Equipment, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$3.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Navigation Equipment segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

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This segment currently accounts for a 25.7% share of the global Air Traffic Control (ATC) Equipment market. Communications infrastructure especially has been a key focus area for investments in the aviation industry, given its role in sharing vital information between air traffic management systems, both at national and international level. Given the spate of recent air mishaps, delivery of safe air travel services is now even more dependent on timely and reliable information exchange between air traffic controllers and pilots, thereby driving the market opportunities for ATC communications equipment.

The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026

The Air Traffic Control (ATC) Equipment market in the U.S. is estimated at US$1.4 Billion in the year 2021. The country currently accounts for a 27% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.4 Billion in the year 2026 trailing a CAGR of 8.4% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$1.5 Billion by the end of the analysis period. Established aviation industry and sustained emphasis on aircraft safety and solving airport congestion, have a major bearing on widespread adoption of ATC equipment in the developed world.

Increased aviation activity in developing markets in the form of increased air travel, as a result of years of strong economic development, has been generating strong demand in the global ATC equipment market. Continued focus on the establishment of new airports, and increasing focus of ANSPs and ATSPs on enhancing the efficiency, and reducing cost of air traffic control for airlines, which call for increased adoption of next-generation ATC and Air Traffic Management (ATM) solutions, will drive growth in developing countries.

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Surveillance Equipment Segment to Reach $1.4 Billion by 2026

In the global Surveillance Equipment segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$781.6 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$190.7 Million by the year 2026, while Latin America will expand at a 5.5% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

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II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • An Introduction to Air Traffic Control (ATC) Equipment
  • ATC Equipment: Current Market Scenario and Outlook
  • While Developed Regions Remain Major Revenue Contributors, Developing Regions Emerge as Fastest Growing Markets
  • Market Fortunes Intrinsically Tied to Health of the Global Economy
  • Competitive Scenario
  • Aerospace Majors Dominate the Market
  • ATC Equipment from Select Manufacturers
  • Recent Market Activity
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • Advanced Navigation & Positioning Corporation Inc. (USA)
  • The Aeronav Group (Canada)
  • BAE Systems plc (UK)
  • Becker Avionics Inc. (USA)
  • Cobham Plc (UK)
  • Frequentis AG (Austria)
  • Global Eagle Entertainment Inc. (USA)
  • Indra Sistemas S. A. (Spain)
  • Intelcan Technosystems, Inc. (Canada)
  • Kongsberg Geospatial (Canada)
  • L3Harris Technologies, Inc. (USA)
  • Lockheed Martin Corporation (USA)
  • Northrop Grumman Corp. (USA)
  • Raytheon Company (USA)
  • Searidge Technologies, Inc. (Canada)
  • Sierra Nevada Corporation (USA)
  • Telephonics Corp. (USA)
  • Thales Group (France)

3. MARKET TRENDS & DRIVERS

  • Growing Commercial Aviation Industry Presents Steady Opportunities
  • Rise in Passenger Traffic Bodes Well for the Market
  • Population Explosion, Emerging Middle Class & Urban Sprawl: The Megatrends Driving Air Travel
  • Anticipated Rise in Freight Volume Augurs Well for the Market
  • Spurt in Number of New Airlines & Low Cost Carriers Creates Business Case for ATC Equipment
  • Modernization, Upgradation and Restructuring Needs Sustain Market Demand
  • The Rise of Smart Airports Emphasizes Modernization Programs
  • Emergence of New Generation Aircraft: Another Major Factor Fueling Upgradation Needs
  • Critical Importance of Aircraft Safety & Solving Airport Congestion: Primary Growth Drivers
  • Consolidation, Relocation & Remote Towers: Reshaping the ATC Landscape
  • Dependence on Automation Systems Continues to Escalate in ATC Ecosystem
  • Automation Systems Gain Traction Offering Efficiency Benefits
  • Technology Developments Bring Forth Advanced Systems, Driving Overall Growth
  • NextGen ATC and Advanced ATM Systems Come to the Fore
  • VoIP: A Fast Growing Technology for ATC
  • Innovative ADS-B ATC Technology Gains Popularity
  • Select Technological Advancements and Innovations in the ATC Equipment Space
  • Resolving Prevailing Issues & Challenges: Critical for Future Success of the Market
  • High Operational and Maintenance Costs
  • Lack of Skilled Labor
  • Technical Challenges
  • ATC Communications Equipment
  • ATC Navigation Equipment
  • ATC Surveillance Equipment
  • Integrated Global Surveillance and Guidance System (IGSAGS): The New Age ATC Equipment

4. GLOBAL MARKET PERSPECTIVE

UNITED STATES

  • Modernization & Replacements to Drive Growth in the Market
  • Improving Commercial Aviation Sector to Sustain Demand Prospects for ATC Equipment
  • Increasing Safety-Awareness Encourages ATC Equipment Market
  • Next Gen ATC Equipment on Fast Track
  • Challenges Impede Implementation of NextGen Programs
  • FAA to Develop Funding Mechanism
  • FAA in a Joint Effort with EC to Improve ATC Systems on Transatlantic Route
  • FAA to Use Automatic Dependent Surveillance-Broadcast
  • Privatization of ATC Expected to Lift US Airport Industry to Greater Heights
  • Exhibit 18: Overview of Air Traffic Control Models in Major Countries

CHINA

  • The Aviation Industry
  • ATC Market – An Overview
  • Extensive Development Plans Bode Well for ATC Market
  • China – A Major Import Market for ATC Equipment

RUSSIA

  • Growing Commercial Aviation Sector Boosts Prospects for ATC Equipment
  • Russia Undertakes Massive Rationalization Program

ASIA-PACIFIC

  • Asia-Pacific Aviation Market in a Nutshell
  • Booming Commercial Aviation Sector Offers Plenty of Opportunities for ATC Market

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 59

For more information about this report visit https://www.researchandmarkets.com/r/h9svdn


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Artificial Intelligence

KMS Lighthouse and lastminute.com Triumph with a Double Win at the Global Sourcing Association (GSA) 2024 Awards

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TEL AVIV, Israel, June 17, 2024 /PRNewswire/ — KMS Lighthouse, a global leader in knowledge management, is proud to announce its remarkable achievement of winning two prestigious awards with lastminute.com at the Global Sourcing Association (GSA) 2024 Awards. The brands were honored in the following categories:

Retail Programme of the Year: lastminute.com and KMS Lighthouse LimitedTechnology Enabled Programme of the Year (Automation/AI): lastminute.com and KMS Lighthouse LimitedKMS Lighthouse was also a finalist in the Service Provider of the Year category.
The awards were presented on June 11, 2024, at a glittering ceremony held at Richmond Hill Hotel, as part of the GSA Festival of Sourcing. Celebrating its 21st year, the GSA Awards recognize organizations that demonstrate exceptional best practices in strategic sourcing.
Sagi Eliyahu, CEO of KMS Lighthouse Limited commented “We are absolutely delighted to have won these two esteemed awards. This recognition underscores the tireless dedication and innovation of our teams in delivering exceptional knowledge management solutions to our clients. I would like to extend my heartfelt gratitude to our partners at lastminute.com. The synergy and true partnership we have formed exemplify the collaborative spirit needed to drive outstanding results.”
“We are thrilled to celebrate these award wins with KMS Lighthouse,” said Walter Di Lello, Knowledge Manager & Procedure Team Leader at lastminute.com. “This achievement is a testament to the hard work and dedication of both our teams. The collaborative partnership approach we have fostered with KMS Lighthouse has been pivotal in delivering innovative and impactful solutions. Thank you to everyone involved for their relentless commitment and excellence.”
This double accolade highlights KMS Lighthouse’s unwavering commitment to excellence, innovation, and effective collaboration. The successful partnership with lastminute.com has not only enhanced the retail sector’s capabilities but also set new standards in automation and AI-driven solutions.
About KMS Lighthouse:
KMS Lighthouse is a global leader in knowledge management solutions, providing innovative platforms that enhance organizational knowledge sharing and decision-making. Through advanced AI and automation technologies, KMS Lighthouse enables businesses to improve customer service, streamline operations, and achieve higher efficiency.
About lastminute.com
lastminute.com is the European Travel-Tech leader in Dynamic Holiday Packages. Our mission is to simplify, personalise, and enhance our customers’ travel experience by leveraging technology. Thanks to the iconic brand lastminute.com and a rich portfolio of vertical brands, we meet the most diverse needs of travellers across the entire holiday experience. As one of the few fully licensed European tour operators, we offer unlimited real-time travel combinations thanks to our proprietary Dynamic Holiday Packaging engine, providing additional customer protection and exclusive deals. lastminute.com N.V. is a publicly traded company listed under the ticker symbol, LMN on the SIX Swiss Exchange.
Media Contact:KMS Lighthouse [email protected] [email protected]://www.linkedin.com/company/kms-lighthouse/https://kmslh.com/

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CluePoints Continues ‘Turning Artificial Intelligence into Human Intelligence’ by Launching Two New Innovations

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Site Profile & Oversight Tool (SPOT) and Intelligent Medical Coding (IMC) unveiled by RBQM innovator at DIA Global Annual Meeting 2024
KING OF PRUSSIA, Pa., June 17, 2024 /PRNewswire/ — CluePoints, provider of leading statistical and AI-driven software solutions, will unveil two of its latest advanced, deep learning technology innovations at the DIA Global Annual Meeting 2024. Both solutions deliver groundbreaking enterprise platform transformations providing Sponsors and CROs with a smarter way to conduct clinical research and detect and manage risks that could impact clinical trial outcomes.

Taking RBQM to a new level, CluePoints’ Site Profile & Oversight Tool (SPOT) delivers adaptive site monitoring, enabling teams to swiftly pinpoint anomalies and translate insights into strategies and actions. Sponsors and CROs can improve their ability to evaluate the performance of clinical trial sites and adjust site visit plans more effectively and efficiently while accurately balancing risk and resource workload.
Further streamlining processes, CluePoints’ Intelligent Medical Coding solution harnesses advanced deep learning technology to enhance the accuracy and efficiency of coding in clinical trials. It seamlessly integrates with existing systems to offer precise, AI-generated coding suggestions, drastically reducing the need for manual dictionary searches and costly coding reviews, freeing up valuable resources and ensuring uniformity across all coded data.
Andy Cooper, CEO of CluePoints, said: “DIA offers the perfect opportunity to share with the industry our latest disruptive and innovative solutions that address key challenges within traditional clinical research methods. Unveiling two new products that leverage next generation AI will transform how CluePoints is viewed in the industry, as we enhance our enterprise-wide solutions to reach new levels of accuracy and efficiency to both improve clinical trial performance and deliver greater insights to further mitigate risk. Our early adopters are already raving about how valuable they are finding both product offerings and we are excited to showcase how they will shape future processes and embody our brand promise to ‘turn artificial intelligence into human intelligence.”
With over 9,500 users engaged with CluePoints’ enterprise platform, to date over 1,600 studies have been de-risked and over 142,000 issues detected.
Visitors to the CluePoints’ DIA Global exhibition booth #1301 will have the opportunity to meet with subject matter experts and see demonstrations of both new platform solutions.
CluePoints also invites DIA attendees to join them at 3pm on Tuesday, June 18th, for a special toast at their booth to celebrate the latest innovations.  
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com.
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of artificial intelligence using advanced statistics and machine learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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ComplyCube Launches Trust Center with the Most Complete Compliance Posture in the Market

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LONDON, June 17, 2024 /PRNewswire/ — ComplyCube, a RegTech100 global leader in identity verification and compliance solutions, proudly announces the launch of its comprehensive Trust Center. This new initiative emphasizes ComplyCube’s unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, the AI-powered SaaS leads the way in ensuring clients stay ahead of international regulations and standards.

The Trust Center provides real-time updates on security measures, compliance statuses, and operational transparency, empowering clients to meet regulatory requirements confidently and allowing them to view ComplyCube’s compliance posture on demand. This platform is engineered to enhance transparency, build trust, and streamline compliance processes for organizations worldwide.
ComplyCube unveils its unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, ComplyCube leads the way in ensuring clients stay ahead of international regulations and standards.
Key Features of the Trust Center:
Real-Time Compliance Dashboard: Live updates on compliance metrics and security statuses.Comprehensive Resource Hub: Access to essential documents, certifications, and regulatory guidelines.Incident Reporting and Tracking: Full transparency in reporting and monitoring security incidents.Tarek Nechma, CEO of ComplyCube, remarked, “The launch of the Trust Center marks a pivotal milestone in our mission to build trust at scale and deliver state-of-the-art compliance solutions. This platform will empower our clients to navigate the complexities of regulatory landscapes with confidence.”
Non-compliance costs are 2.71 times higher than the costs of maintaining or meeting compliance requirements. Another study indicates that companies with strong compliance programs can reduce incident costs by up to 30%. On top of this, 84% of businesses encounter compliance challenges that can lead to significant financial and reputational damage. ComplyCube’s Trust Center aims to further mitigate these risks by providing tools that help businesses maintain and improve their compliance posture.
Mohamed Alsalehi, CTO of ComplyCube, stated, “We design our systems to be compliant by design with the stringent laws and regulations. This proactive approach ensures our clients can meet and exceed compliance requirements effortlessly.”
Joshua Dent, Business & Partnerships Manager, added, “The Trust Center showcases ComplyCube’s adherence to a multitude of globally recognized standards and data protection regulations. Clients and partners can find answers to many of their data protection questions, view active controls, and request documents to fulfill due diligence. It’s fantastic to see this go live following our latest certifications, such as UK DIATF, ISO 9001, PAD Level 2, and ISO 27001:2022 upgrade.”
ComplyCube continues to set industry standards with its innovative solutions, and the Trust Center’s launch underscores its mission to support businesses in achieving compliance excellence.
For more information about the Trust Center, visit ComplyCube Trust Center.
About ComplyCubeComplyCube is a leading provider of identity verification and compliance solutions, helping organizations across various sectors secure their operations and meet regulatory requirements. With a focus on innovation and customer satisfaction, ComplyCube delivers reliable and efficient services that empower businesses to thrive in a complex regulatory environment.
About VantaVanta is a leading trust management platform that automates compliance and streamlines security reviews for SaaS businesses. It helps companies manage risk and prove security in real-time, ensuring adherence to global standards and data protection regulations. With Vanta’s Trust Center, businesses can efficiently manage compliance processes and demonstrate their commitment to security and trust.
 
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