MarketsandMarkets: Air Traffic Control Equipment Market to Hit $5B by 2020

airport towerA new MarketsandMarkets report predicts that the market for air traffic control equipment will be worth $5.52 billion by 2020 through a compound annual growth rate of 4.82 percent as air traffic continues to rise.

The market research firm said Thursday the growth in demand for air traffic control equipment is due to airport expansions resulting from increased aircraft movement and passenger traffic.

Restraints include equipment cost and maintenance as well as peak hour operations and low numbers of skilled workers, MarketsandMarkets said.

The report identified these companies as among the key players in the ATC market:

  • Harris
  • Indra Sistemas
  • Lockheed Martin
  • Northrop Grumman
  • Raytheon
  • Thales

You may also be interested in...

Jay Lambke President GAI

Government Acquisitions Obtains SBA HUBZone Program Certification; Jay Lambke Quoted

Cincinnati, Ohio-based company Government Acquisitions Inc. has been accredited by the Small Business Administration under a program that seeks to provide economic benefits to government contractors from historically underutilized business zones.

Satellite launch

SpaceX Launches Satellite for Multinational Ocean Observation Effort

SpaceX has sent to space a satellite designed to monitor sea levels across the globe under a U.S.-U.K. partnership. The Sentinel-6 Michael Freilich satellite lifted off from Vandenberg Air Force Base on a mission to collect sea level data, support ship navigation and inform weather forecasts, NASA said Sunday.

KBR

KBR Gets $65M Navy Contract Modification for Base Support Services

KBR has received a one-year, $64.8M contract modification to carry out base operating support services at various U.S. Navy installations in Djibouti and Kenya.