Tue, Mar 25, 2014
Expected To Be Worth $1.28 Billion Over Next Five Years
The market for ATM equipment and services in India will be worth $1.28 billion between 2015 and 2019, according to a comprehensive new study from aerospace and defense consultants PMI Media Limited. The market in India is being driven by three main factors: requirements to supply 50 new low-cost airports with navigation, communication and surveillance equipment; the equipping of new consolidated en-route centers and the introduction of next-generation systems such as ADS-B and precision satellite-based navigation concepts.
“India is modernizing its ATM infrastructure at a remarkably fast rate,” said Philip Butterworth-Hayes, author of the report. “According a United Nations June 2013 report the population of India is projected to surpass that of China by 2028. This means new airports, new airlines and new ATM systems to ensure growth can take place safely and with a minimum number of delays.” He said that “India has embraced the latest ICAO Global Air Navigation Plan to harmonize its development with programs in Europe and North America."
The report analyzes India’s current and strategic ATM development plans and “bottom-up” airport construction projects where new ATM systems will be needed.
“India has all the ingredients for an advanced ATM market,” said Butterworth-Hayes. “There is private capital involvement, a vibrant domestic airline sector, modern satellite-based navigation infrastructure, oceanic areas and highly dense urban populations all requiring new generations of ATM systems. Traffic is predicted to double by 2020. The Airport Authority of India has set a strategic ATM development plan to cater for annual traffic increases of 9% a year and a multi-directional investment approach which is needed to cater for aircraft operators, infrastructure providers and equipment manufacturers.”
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