Introduction:
An airport surveillance radar system is a system which is used at airports to identify and exhibit the position of an airplane in aerospace around airports. It is used to monitor air traffic around the airport. This system controls traffic inside a radius of 30 to 50 nautical miles (56 to 93 km) of the air terminal and can detect and track aircraft at altitudes less than 25,000 feet. The surveillance radar system contains two systems; the primary and secondary surveillance radar. The global airport surveillance radar market is projected to grow at a CAGR of 7.05% to reach US$592.624 million by 2024 from US$393.765 million in 2018. There are a few factors driving this market growth.
Growth in Air Traffic:
Air traffic has grown by a substantial amount with the growth of the world economy. The number of air passengers (domestic and international) rose from 3227291386 in 2014 to 3978849402 in 2017 (source: The World Bank Group). This is giving rise to the growth in the number of airports, thus, leading to the growth of air transport services as well in order to achieve more efficient, and safe airport operations.
This is attributed to rising disposable income and adopting high living standards especially in the emerging economies like China and India. Also, the availability of cheap air tickets due to rising price competition between the companies in the aviation sector is propelling the increasing use of flights as a regular means of transport. Furthermore, globalization and growing travel and tourism industry are supporting the need for the development of new airports with the rise in the number of air passengers. This has led to an increase in demand for radar and other telecommunication equipment in order to coordinate the landing and take-off of flights. This is estimated to lead to growth in airport surveillance radar market size.
Concerns regarding passenger safety:
Growing fatalities in the aviation industry due to poor surveillance have led the governments across the globe to equip airports with advanced surveillance technology. These surveillance systems also alert the aircraft and direct it to safe landing during severe weather or hazardous conditions. So, the airport surveillance radar market trend is expected to be positive in the coming years.
Increased investment in the aviation sector:
The aviation sector is receiving huge investment from both the public and private sector. The government has increased its spending substantially on the construction and maintenance of airports and for ensuring the safety of passengers. The number of private players in the aviation sector has also increased leading to increased competition. So, they take all measures to enhance customer experience including their safety. As a result, the airport surveillance radar market growth is estimated to be high.
Technological advancement:
Innovations in radar surveillance technology is also expected to increase the airport surveillance radar market share. These technological advancements are rapidly being adopted by advanced and emerging nations in order to achieve greater efficiency in air traffic management. With the advancement in space technologies, satellite-based technologies are being implemented to improve their air navigation surveillance-related operations.
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