World air traffic control equipment market is projected to reach $3.9bn by the year 2017, according to a report.
The report Global Industry Analysts, entitled 'Air Traffic Control (ATC) Equipment: A Global Strategic Business', states that Europe and the US will have a major share in the global ATC equipment market and passenger safety and comfort will be a r factor.
The report predicts a continued focus on the establishment of new airports, modernisation of existing facilities and increasing focus on enhancing efficiency.
ATC Communication Systems is also forecast to be the fastest growing segment within the global equipment market.
The US market for navigation equipment is expected to have a combined annual growth rate of 4.3% during the period set out in the report.
The key components in achieving the growth include ATC communications equipment, ATC navigation equipment, and ATC surveillance equipment.