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

  • ID: 4268087
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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About Precision Runway Monitoring System

Precision runway monitoring (PRM) system is a secondary surveillance radar system designed to provide accurate data to perform effective aircraft operations simultaneously on parallel runways. As runway safety is critical to the aviation industry, it is regarded as one of the top priorities of public organizations, such as International Civil Aviation Organization (ICAO), European Aviation Safety Agency (EASA), Federal Aviation Administration (FAA), International Air Transport Association (IATA), and other state-level aviation authorities.

The analysts forecast the global precision runway monitoring system market to grow at a CAGR of 14.75% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global precision runway monitoring system market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Precision Runway Monitoring System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ERA
- Saab
- Raytheon

Market drivers
- Stringent public regulations emphasizing on airtight runway safety infrastructure
- For a full, detailed list, view the full report

Market challenges
- High volume of disparate data
- For a full, detailed list, view the full report

Market trends
- Accurate and timely deviation of approaching aircraft
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
Market outline

PART 05: Market landscape
Market overview
Introduction
Market size and forecast
Five forces analysis

PART 06: Geographical segmentation
Segmentation by region
PRM system market in Americas
PRM system market in EMEA
PRM system market in APAC

PART 08: Decision framework

PART 09: Drivers and challenges
Market drivers
Market challenges

PART 10: Market trends
Accurate and timely deviation of approaching aircraft
Liberty of pilots to select modes of operation
Dual frequency support for better communication

PART 11: Vendor landscape
Competitive scenario

PART 12: Key vendor analysis
ERA
Saab
Raytheon

PART 13: Appendix
List of abbreviations
Exhibit 01: Segmentation of global precision runway monitoring (PRM) system market
Exhibit 02: Global PRM system market 2016-2021 ($ millions)
Exhibit 03: Factors driving the global PRM system market
Exhibit 04: Five forces analysis
Exhibit 05: Segmentation of global PRM system market by region 2016 and 2021 (% share)
Exhibit 06: Segmentation of global PRM system market by region 2016-2021 ($ millions)
Exhibit 07: PRM system market in Americas 2016-2021 ($ millions)
Exhibit 08: PRM system market in EMEA 2016-2021 ($ millions)
Exhibit 09: PRM system market in APAC 2016-2021 ($ millions)
Exhibit 10: Advantages of airport runway safety systems
Exhibit 11: Total runway incursions in US in FY2016
Exhibit 12: Challenges during adverse weather conditions
Exhibit 13: Regulatory and administrative constraints
Exhibit 14: Intellectual property analysis
Exhibit 15: Features of ESSR-128 PRM
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New Report Released: – Global Precision Runway Monitoring System Market 2017-2021

The author of the report recognizes the following companies as the key players in the global precision runway monitoring system market: ERA, Saab and Raytheon.

Commenting on the report, an analyst from the research team said: “One trend in the market is accurate and timely deviation of approaching aircraft. PRM system can be represented as an accurate air traffic surveillance system, which is designed to maximize air traffic flow in parallel runways during unfavorable weather conditions or other external factors.”

According to the report, one driver in the market is stringent public regulations emphasizing on airtight runway safety infrastructure. A number of public runway safety regulations have contributed considerably to the undertaken safety precautions during take-off and landing of aircraft. Some of the regulations direct toward providing necessary guidance to operational staff working on and around the maneuvering area to prevent runway accidents due to runway incursions and runway excursions.

Further, the report states that one challenge in the market is high volume of disparate data. The generation of high volumes of data during various commercial aviation processes is one of the key features of the aerospace industry, and the appropriate processing and analysis of the mentioned data are key concerns for airport authorities. Long-term information management generates large data, which is cumbersome and difficult to manage as it is fragmented across multiple units and functions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ERA
  • Saab
  • Raytheon
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