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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Advanced Surface Movement Guidance And Control System (a-smgcs) Market
Request Now !The global advanced surface movement guidance and control system (A-SMGCS) market is experiencing significant growth and is expected to grow considerably in the next few years. A-SMGCS is a system providing guidance, routing, and surveillance for the control of vehicles and aircraft to maintain the declared surface movement rate under different weather conditions within the aerodrome visibility operational level (AVOL) while keeping the required level of safety.
It comprises a combination of systems that provide services to vehicles and aircraft to maintain airport material under all weather conditions, whilst maintaining the required level of safety. A-SMGCS supports surface movement operations on an airport based on well-defined operational proceedings.
The global advanced surface movement guidance and control system (A-SMGCS) market is segmented on the basis of application, offering, level, industry vertical, and region. Based on application, the advanced surface movement guidance and control system (A-SMGCS) market is divided into surveillance, planning & routing, monitoring & alerting, and others. In terms of offering, the market is categorized into hardware, software, and maintenance.
On the basis of level, the market is divided into level 1, level 2, level 3, and level 4. In terms of industry vertical, the market is segregated into chemical & petrochemical, oil & gas, energy & power, automotive, food & beverages, healthcare, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global advanced surface movement guidance and control system (A-SMGCS) industry include Honeywell Internationa, Saab Group, Indra Sistemas, Thales Group, Frequentis, ATRiCS Advanced Traffic Solutions, Searidge Technologies, Era Corporation, Leonardo, and ADB Safegate. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global advanced surface movement guidance and control system (A-SMGCS) market.
The growth of the A-SMGCS market is driven by many factors, which include increasing preference of airways among travelers, increase in the number of cancellations & flight delays due to congestion at airports, and increasing government initiatives to automate airports. In addition, the growing focus of regulatory authorities on secure and safe airport operations fuels the growth of the market.
However, high installation cost of A-SMGCS is a key restraint in the growth of the A-SMGCS market. Moreover, the focus on automation of various airport operations is anticipated to create worthwhile opportunities for A-SMGCS market over the forecast period.
Aviation demand is fueled by the growing affluence of the middle classes in the emerging markets. With the introduction of low-fare or budget carriers, travel by airways has become affordable to the middle class. This has increased the demand for airways and its preferences among middle class.
The need to stay competitive and profitable among the airlines to improve their service quality and overall experience delivered to travelers has enabled the growing preference of airways among travelers. These factors fuel the global advanced surface movement guidance and control system market growth.
The competitive environment across the aviation industry has enabled the airport management to focus on improving operations and innovation across airways services. Airports are constantly launching new digital initiatives to enable the automation for making airport business and operations more efficient. This factor is expected to provide lucrative opportunities for the market growth during the forecast period.
Key Benefits of the Report
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Unit | Value (USD) |
Segments Covered | Application, Offering, Level, Industry Vertical, and Region |
Geographies Covered | North America (U.S. and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM), and Middle East & Africa |
Companies Covered | Honeywell Internationa, Saab Group, Indra Sistemas, Thales Group, Frequentis, ATRiCS Advanced Traffic Solutions, Searidge Technologies, Era Corporation, Leonardo, and ADB Safegate |
COVID-19 Scenario Analysis
Advanced Surface Movement Guidance and Control System (A-SMGCS) Market Key Segments
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Questions Answered in the Advanced Surface Movement Guidance and Control System (A-SMGCS) Market Research Report
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