Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

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

Published

on

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.

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.

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

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


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

THE 2024 GLOBAL EXPLORATION SUMMIT IS ANNOUNCED AT THE 120th EXPLORERS CLUB ANNUAL GALA IN NEW YORK

Published

on

the-2024-global-exploration-summit-is-announced-at-the-120th-explorers-club-annual-gala-in-new-york

Porto and Terceira Island to Host the ‘Davos of Exploration’ – The GLEX Summit
NEW YORK, April 24, 2024 /PRNewswire/ — The Explorers Club and Expanding World, are thrilled to announce the fifth edition of The GLEX Summit, known as the ‘Davos of Exploration,’ set to take place from June 15 to 19 on Porto city and Terceira Island in the Azores, Portugal.

This year, Porto will Ignite the summit, followed by two days of discussions and exploration in the historic city of Angra do Heroísmo on Terceira Island. From the depths of the oceans to new space missions, the power and future of exploration will be explored in these two World Heritage cities, deeply connected to the history of exploration.
The 2024 GLEX Summit will revolve around the latest discoveries and groundbreaking missions shaping the future of our planet. Highlights of the summit include the Artemis mission, which plans to send astronauts back to the moon for the first time since 1972, and the role of Space and the Oceans in researching and mitigating the effects of climate change. Notable sessions will also delve into the unfortunate incident of the submersible implosion that took place on Titan and the recording of an episode of the BBC’s acclaimed science comedy show ‘The Infinite Monkey Cage,’ hosted by physicist Brian Cox and comedian Robin Ince.
This prestigious event will bring together over three dozen explorer and scientist legends from around the world. Confirmed physicist and researcher Brian Cox, NASA Chief Scientist James Garvin, Aquanaut Fabien Cousteau, Oceanographer David Gallo, Cosmonaut Mike Massimino, Nasa ISS CapCom Tess Caswell, among many others global Explorers and Scientists.
For further inquiries about The GLEX Summit and press accreditation, please contact:
Marco Barbosa [email protected], +351917345744
Photo: https://mma.prnewswire.com/media/2395857/GLEX_Summit.jpg
 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/the-2024-global-exploration-summit-is-announced-at-the-120th-explorers-club-annual-gala-in-new-york-302125563.html

Continue Reading

Artificial Intelligence

Hillstone Networks is Named in Microsegmentation Solutions Landscape Report

Published

on

hillstone-networks-is-named-in-microsegmentation-solutions-landscape-report

Hillstone Networks delivers advanced Microsegmentation across different verticals.. 
SANTA CLARA, Calif., April 24, 2024 /PRNewswire/ — Hillstone Networks, a leading provider of cybersecurity solutions, has been included in the Forrester Microsegmentation Solutions Landscape, Q2 2024 report. The report offers an overview of the Microsegmentation market, focused on the vendors who deliver solutions for protection of critical resources, combating ransomware, and contributing to compliance adherence. The report provides security professionals a snapshot of these named vendors, considering factors such as size, geographic focus, and use cases to select the most suitable option for their targeted use cases or needs. 

In the Landscape Report, Forrester states that “Zero Trust is all about replacing bodies of implicit trust with explicit policy. In physical and virtual networks, the application of this principle is referred to as microsegmentation…. [It] was one of the first true Zero Trust technologies developed after Forrester published the initial Zero Trust reports.”  
Forrester states in the report that the main trend is “organizations are finally getting serious about Zero Trust. Some, proactively, are implementing microsegmentation as part of a Zero Trust strategy or initiative. Others are implementing it because they got hit by ransomware and are trying to avoid it again. But all of them are doing Zero Trust with microsegmentation.”
“Being recognized as a vendor in the Microsegmentation solution landscape underscores for us the pivotal role our technology plays in safeguarding critical assets and thwarting ransomware threats. We believe it reaffirms our commitment to providing cutting-edge security measures built on an innovative and AI-powered platform that help our customers defend against evolving cyber risks, ensuring resilience and trust,” states Tim Liu, CTO and Co-founder at Hillstone Networks.
Hillstone’s Microsegmentation solution provides the following key benefits:
Advanced and extensive Microsegmentation for physical servers, virtual machines, cloud hosts, and containers, seamlessly compatible with multiple platforms.Comprehensive, integrated Layer 4 to 7 security and malware features (Next Generation Firewall, Intrusion Prevention System, AntiVirus, URL filtering, DDoS, and bot defense), and complete vulnerability management across the entire application lifecycle.Distributed architecture for easy scaling and portability.Centralized and comprehensive visibility to reduce gaps in the threat surface.Learn more about Hillstone Networks solutions here.
About Hillstone Networks
Hillstone Networks’ Integrative Cybersecurity approach is based on a visionary, AI-powered, and accessible platform, delivering coverage, control, and consolidation to secure over 28,000 global enterprises.
Media ContactZeyao Hu+1 [email protected]
Logo – https://mma.prnewswire.com/media/765968/Hillstone_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/hillstone-networks-is-named-in-microsegmentation-solutions-landscape-report-302125530.html

Continue Reading

Artificial Intelligence

Tetra Pharm Technologies and Glysious Announce Collaboration to Develop Transdermal Combination Drugs Targeting the Endocannabinoid System

Published

on

tetra-pharm-technologies-and-glysious-announce-collaboration-to-develop-transdermal-combination-drugs-targeting-the-endocannabinoid-system

The collaboration brings together Tetra Pharm Technologies’ expertise in enabling technology with Glysious’ proprietary transdermal drug delivery system, renowned for its effectiveness, comfort, and convenience.
COPENHAGEN, Denmark, April 24, 2024 /PRNewswire/ — Tetra Pharm Technologies and Glysious are pleased to announce a strategic collaboration aimed at developing a ground-breaking transdermal drug delivery system complementing several of Tetra Pharm Technologies’ pipeline candidates. The joint invention aims to revolutionize transdermal release of “difficult-to-formulate” compounds targeting the endocannabinoid system.

Tetra Pharm Technologies has focused intensively on formulation expertise, that is, how the molecules are effectively integrated with a drug delivery system to reach their desired targets. Glysious has worked rigorously on the development of an adhesive patch for transdermal drug delivery since the company’s incorporation in 2020.
“The Glysious technology enables precision, sustained dosing, and allows for a high drug load and effective emptying of patches. The transdermal patches remain in place and are very comfortable and convenient to use, resulting in improved patient compliance. However, we have identified challenges with standard formulation strategies, not providing acceptable drug release due to shortcomings of the formulation matrix”, says Professor, Dr.Techn. Anne Ladegaard Skov, Chief Scientific Officer, Glysious.
Back in 2023 Glysious and Tetra Pharm Technologies performed early in-vitro feasibility tests, integrating Tetra Pharma Technologies’ proprietary enabling technology for delivery of poorly soluble compounds with Glysious’ patch.
Dr. Morten Allesø, Chief Scientific Officer, Tetra Pharm Technologies, adds: “Although both parties were aware of the uniqueness of our respective technologies, we were positively surprised to find a five-fold increase in performance of our combination product compared to conventional formulation technologies. This is truly remarkable, and we consider it our shared obligation to further advance this technology to the benefit of the patients.”
The objectives of the collaboration include conducting comprehensive in-vitro and in-vivo studies to evaluate the performance and efficacy of the combined drug delivery system. Additionally, Tetra Pharm Technologies and Glysious plan to pursue a common patent for the joint invention, ensuring that their innovative technology remains protected and exclusive.
“We are excited to collaborate with the innovative team in Tetra Pharm Technologies on this transdermal drug delivery system paving the way for commercialization and scaling of the Glysious technology within the pharma segment”, says Stina Bjerg Nielsen, Chief Executive Officer, Glysious.
Martin Rose, Chief Executive Officer, Tetra Pharm Technologies, concludes: “The collaboration represents a unique opportunity to harness the synergies between our respective technologies. By combining our expertise, we aim to develop a transdermal drug delivery system that offers superior efficacy, convenience, and patient compliance, supporting several of our pipeline programs”.
As part of the collaboration, the partners will exchange expertise, knowledge, and resources. In addition, Tetra Pharm Technologies and Glysious will conduct joint research, experiments, and tests as required for the development of a joint patent. The scope of the collaboration is focused on disease indications such as pain, sleep disorders, and appetite regulation.
About Tetra Pharm Technologies
Tetra Pharm Technologies is a Danish biopharmaceutical company established in 2018 with a vision to be a leader in research and development of pharmaceutical drugs for the treatment of diseases related to the endocannabinoid system. For more information, please visit www.tetrapharm.eu
About Glysious
Glysious is a Danish medtech company, incorporated in 2020, that develops patches, creams, spray, and foams with controlled release of active ingredients for cosmetics and life science applications. For more information, please visit www.glysious.com
For further informationJacob SchlundtChief Marketing OfficerTetra Pharm [email protected]+45 51976225
Stina Bjerg NielsenChief Executive [email protected]+45 3053 5393
Photo – https://mma.prnewswire.com/media/2393210/Tetra_Pharm_Technologies_Deal.jpgLogo – https://mma.prnewswire.com/media/1988863/Tetra_Pharm_Technologies_Logo.jpg
 
 
 

View original content:https://www.prnewswire.co.uk/news-releases/tetra-pharm-technologies-and-glysious-announce-collaboration-to-develop-transdermal-combination-drugs-targeting-the-endocannabinoid-system-302123136.html

Continue Reading

Trending