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Industry Overview
Global air traffic control equipment market size is anticipated to reach USD 4,000 million by 2020,
growing at 4.2% up to 2020. Increasing air traffic coupled with development of new airports with
advanced facilities is expected to drive demand growth over the next six years.
Increasing price sensitivity among customers with introduction of low fare airlines is driving the global
demand. Airlines also opt for programs in which they offer cheap fares for a limited period. Time saved
through air travel is also expected to boost industry growth. For instance, business executives prefer
saving travel time when going for meetings and conferences. Increasing disposable income in developing
economies leads to rising preference for air travel. Rise in wireless connectivity and availability of air
travel bookings online has made the method very simple, which significantly contributes to air traffic
control equipment market growth.
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