Deerfield Beach, FL -- (SBWIRE) -- 03/04/2016 -- The Global Air Traffic Control equipment market is accounted for $4 billion in 2014 and expected to grow at a compound annual growth rate (CAGR) of 5.65% to reach $6.21 billion by 2022. The factors that are favouring the market growth include improved aircraft movement, and construction of new airport and renovation of the existing ones led by the passenger & freight traffic and demand for modernaization and increased capacity. Airport expansion and modernization requires exploitation of air traffic control equipment and its sub-system, which is expected to boost the market growth.
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