Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market worth 5.34 Billion USD by 2023.

"Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market by Application (Surveillance, Planning, Monitoring, Guidance), Offering (Hardware, Software, Maintenance), Level (Level 1, 2, 3, 4), Investment, Sector, Region - Global Forecast to 2023".

The A-SMGCS market is estimated to be USD 4.04 Billion in 2018 and is projected to reach USD 5.34 Billion by 2023, at a CAGR of 5.73% from 2018 to 2023. Increasing demand for advanced airport systems that ensure safe and smooth airport operations is one of the major factors contributing to the growth of the A-SMGCS market.

Browse 146 market data Tables and 45 Figures spread through 173 Pages and in-depth TOC on "Advanced-Surface Movement Guidance & Control System (A-SMGCS) Market - Global Forecast to 2023"https://www.marketsandmarkets.com/Market-Reports/advanced-surface-movement-guidance-control-system-market-59004707.html

The surveillance segment is estimated to lead the A-SMGCS market in 2018

Based on application, the surveillance segment is estimated to lead the A-SMGCS market in 2018. The growth of this segment can be attributed to the increased demand and requirement for advanced surveillance systems at airports.

The software segment is projected to grow at the highest CAGR during the forecast period

Based on offering, the software segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing requirement of integrating different software, such as alerting algorithms, with hardware at airports to gain enhanced airport situational awareness.

The level 2 segment of the A-SMGCS market is projected to grow at the highest CAGR from 2018 to 2023

Based on level, the level 2 is expected to grow at the highest CAGR during the forecast period. The growth of the level 2 segment can be attributed to the ongoing expansion of existing airports and the increasing focus of airport authorities on upgrading the A-SMGCS deployed at airports from level 1 to level 2. Level 2 A-SMGCS will add to surveillance provided in Level 1 and includes control and guidance functions with safety nets to protect runways and taxiways from any incursion by aircraft or ground vehicles.

The greenfield segment of the market is projected to grow at a higher CAGR from 2018 to 2023

Based on investment, the greenfield segment of the A-SMGCS market is projected to grow at a higher CAGR than the brownfield segment during the forecast period. The growth of the greenfield investment segment can be attributed to increased investments for the development of greenfield airports in regions such as the Middle East and Asia Pacific.

The commercial segment of the market is estimated to account for a larger share in 2018

Based on sector, the commercial segment is estimated to account for a larger share of the A-SMGCS market than the defense segment in 2018. The growth of the commercial segment can be attributed to increasing aircraft movements at commercial airports across the globe.

Europe is expected to be the fastest-growing market for A-SMGCS during the forecast period

The A-SMGCS market in Europe is projected to grow at the highest CAGR during the forecast period, owing to increasing airport upgradations, and government involvement in enhancing airport security. For instance, the European Commission has adopted a regulation for the implementation of the Pilot Common Project, which is the first set of Air Traffic Management (ATM) functionalities identified for a wide-scale coordinated deployment at airports. Under this project, European airports will deploy A-SMGCS for airport security.

High installation and maintenance costs are the major factors restraining the A-SMGCS market growth.

Some of the major players operating in the A-SMGCS market include Saab Group (Sweden), Indra Sistemas (Spain), Thales Group (France), ATRiCS (Germany), and ADB Safegate (Belgium). These key players offer various A-SMGCS products, such as surface movement radars, ADS-B ground stations, multilateration (MLAT) surveillance sensors, and human-machine interface (HMI) displays. These players focus on both organic and inorganic growth strategies to strengthen their position in the A-SMGCS market. Contracts, partnerships, and agreements are the major strategies adopted by these players to retain their position in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.