NORTH AMERICA, Aviation & Airlines

US air traffic control equipment manufacturing market to grow 5.4%

The US air traffic control equipment manufacturing market has been forecast to increase at a compound annual growth rate (CAGR) of 4.2% over the five years to 2012, to hit a value of $1.6 billion. With an improving economic climate, higher airline traffic and enduring government support, the industry is expected to grow 5.4% in 2012. Over the next five years, the future remains bright for the US air traffic control equipment manufacturing market, with revenue projected to grow at a CAGR of 2.7%, to be worth $1.8 billion by 2017. Read More