Global Precision Runway Monitoring (PRM) System Market 2017-2021

Overview of the global precision runway monitoring (PRM) system market

Technavio’s market research analyst predicts that the global precision runway monitoring (PRM) system market will grow at a CAGR of nearly 15% during the forecast period. The rising number of runway incursions is one of the primary drivers for market growth. The increase in the number of runway incursions has resulted in operators investing in the deployment of runway safety systems at airports to reduce the runway incursions. Currently, airports are installing radar systems to guide ATC operators and coordinate with the aircraft movements on runways. For instance, FAA is concentrating on the installation of Airport Movement Area Safety System, ASDE-X, and runway status lightning at main busy airports for effectual aircraft operations. These systems track the velocity and aircraft position within the airport surroundings and issue warnings to ATC operators using detected data. The increasing need for correct and specific supervision for pilots will drive the need for the installation of PRM at airports.

One of the latest trends that will gain traction in the PRM system market is the accurate and timely deviation of approaching aircraft. PRM system can also be called as a precise air traffic surveillance system designed to increase the air traffic flow in parallel runways during unfavorable weather conditions or other external factors. It allows pilots to align with and adjust to reductions in lateral separation standards during ILS approaches to parallel runways that are separated by less than 1,525 meters. The advanced PRM systems are fitted with improved radar technology, featuring better resolution capable of delivering swift updates to an expert PRM controller monitoring every approach. The PRM technologies enable any aircraft movement to be managed and analyzed independently of any traffic on the adjacent approach track. The devoted controller interfaces of the PRM systems will promptly alert the ATC when an aircraft may have to deviate toward the adjacent centerline and the PRM controller will recommend the necessary deviation to the pilot.

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Competitive analysis and key vendors

The PRM system market is largely competitive and the vendors compete based on the factors such as product quality, reliability, cost, and aftermarket service. Government organizations, such as ICAO, EASA, CASA, IATA, FAA, and EU, certify the PRM system of vendors and boost the use of PRM systems to improve flight safety and offer advance landing and navigation of an aircraft. Thus, vendors are concentrating on investing in creating new, cost-efficient, and effective PRM systems suitable for airports around the globe.

Key vendors in the market are:

• ERA
• Saab
• Raytheon

Geographical segmentation and analysis of the PRM system market

• Americas
• APAC
• EMEA

In terms of geography, the Americas dominated the PRM system market during 2016 and is foreseen to continue its dominion during the forecast period as well. The introduction of smart technologies in airports will be one of the major contributors to the growth of the market in this region. Moreover, the substantial growth in air travel that will emphasize the adherence to improved technologies in airports will also drive new installations of PRM systems in the Americas.

Growth drivers, challenges, and upcoming trends: Dual frequency support

The dual frequency support is one of the trends that is gaining popularity for improved communication between the pilots and tower controllers. The new PRM services need dual VHF equipment. The two receivers involved should have volumes set to the same level, where one radio has to be set to the tower frequency and the other to the PRM frequency. This permits the tower controller and the PRM controller to broadcast on both frequencies. Moreover, breakout instructions would be issued by the PRM controller on both the frequencies. Also, if a frequency congestion or an over-transmission on the tower frequency is observed, the pilot would be provided a breakout instruction on the PRM frequency.

This report provides some factors contributing to the adoption, limitations, and opportunities of the global PRM system market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global precision runway monitoring (PRM) system market?
• What are the key market trends impacting the growth of the global precision runway monitoring (PRM) system market?
• What are the challenges to market growth?
• Who are the key vendors in the global precision runway monitoring (PRM) system market?
• What are the market opportunities and threats faced by the vendors in the global precision runway monitoring (PRM) system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global precision runway monitoring (PRM) system market?

Technavio also offers customization on reports based on specific client requirement.

Runway safety monitoring is considered as one of the top priority of public organizations such as International Civil Aviation Organization (ICAO), EASA, FAA, IATA, and other state-level aviation authorities because runway safety is one of the most serious threats to aviation safety. The improvement of runway safety requires collaboration from all stakeholders, including Airports, ATC, public authorities, aircraft operators. This upcoming report on the global precision runway monitoring system market is an essential part of the aerospace and defense industry and provides an extensive analysis of fast-growing markets like aerospace components, commercial aviation, and general aviation. Furthermore, to help clients achieve a competitive edge over their peers, Technavio also offers knowledge on various parameters including the shifting customer preferences, market drivers, and challenges faced by the vendors in the aerospace and defense industry.

Technavio’s market research specialists conduct a triangulated approach of primary and secondary research methods and carry out an in-depth analysis of multiple factors, including advancements in technology and the demand-supply shifts in various markets across the globe to accurately forecast the aerospace component industry’s growth possibilities. To assist clients to formulate effective strategies for growth, our upcoming market research report on the global precision runway monitoring system market for the period of 2017 to 2021 offers market insights from the statistics gathered from reliable market informants such as manufacturers, channel partners, decision makers, and regulatory bodies.

This upcoming market report on the global precision runway monitoring system market also considers the growth of corresponding markets such as airport fire safety equipment and commercial aircraft wing, which are predicted to grow at a CAGR of about 4% and close to 8%, respectively by 2021. As observed by our market research analysts, factors like the increasing investments in new airports and terminal buildings and a rise in passenger traffic are fuelling the growth of the aerospace components market in the next few years. Based on various client’s specifications, Technavio also produces customized reports, which will help local vendors and global players cement their position in the aerospace and defense market.

The upcoming industry research report on the global precision runway monitoring system market also identifies the key drivers, emerging market trends, and the hurdles currently experienced by the aerospace and defense industry and also presents insights into aerospace products, aerospace manufacturing sectors and maintenance, repair, and overhaul (MRO).