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The US air traffic control equipment manufacturing market has been forecast to increase at a compound annual growth rate (CAGR) of 4.2% over the five years to 2012, to hit a value of $1.6 billion.
With an improving economic climate, higher airline traffic and enduring government support, the industry is expected to grow 5.4% in 2012.
Over the next five years, the future remains bright for the US air traffic control equipment manufacturing market, with revenue projected to grow at a CAGR of 2.7%, to be worth $1.8 billion by 2017.
ATC equipment is used primarily by air traffic controllers at airports. Thus, demand for newly manufactured ATC equipment diminished during the recession as airlines and airports faced weak demand for commercial flights and airfreight.
US air traffic control equipment manufacturing industry firms will be gearing up for the FAA's Next Generation Air Transportation System (NextGen), a proposed overhaul of the entire US air traffic control system that will take place gradually through 2025.
NextGen is designed to increase flight efficiency and make the airways safer as commercial, freight and military air traffic increases.
The industry has a low concentration, with the three major companies in the air traffic control equipment manufacturing industry - Harris Corporation, BAE Systems PLC and General Dynamics Corporation - accounting for less than half of the industry's total revenue in 2012.
The largest company in the industry, Harris Corporation, generates an estimated 16.5% of industry revenue.
For more information on the US air traffic control equipment manufacturing market, see the latest research: US Air Traffic Control Equipment Manufacturing Market Report
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