Voice Communication Control System Market Share, Globe Key Updates, Demand, Size and Industry Forecast to 2027
Voice Communication Control System
Market size is expected to reach USD 4.54 billion by 2027, exhibiting a CAGR of
6.16% during the forecast period. The emergence of next-generation voice
communication systems and new VoIP-based VCCS is expected to foster healthy
growth of the market.
Fortune Business Insights, in a report,
titled “Voice Communication Control System Market Size, Share and COVID-19 Impact Analysis, By Solution
(Hardware, Software, and Services), By Platform (Air, Ground, and Maritime), By
Application (Air Traffic Control, Vessel Traffic Control, Strategic Emergency
Services, and Others), By End User (Commercial, and Defense), and Regional
Forecast, 2020 - 2027.” The market size stood at USD 3.52 billion in 2019.
The coronavirus has disturbed and
disrupted various businesses and organizations across the globe. The
governments of several countries have instigated lockdown to thwart the spread
of this deadly virus amid pandemic. Such plans have caused disturbances in the
production and supply chain. But, with time and resolution, we will be able to
combat this stern time and get back to normality. Our well-revised reports will
help companies to receive in-depth information about the present scenario of
every market so that you can adopt the necessary strategies accordingly.
The report voice communication control system (VCCS) market includes:
- Important insights into the market
- Latest trends and developments
- Main regions dominating the market
- Market restraint and strategies to overcome financial obstacles
- Information about key players
Market Driver:
Increasing Airport Construction
Projects to Influence Growth
The rising air passengers around the
world has led to the demand for aircraft, thus simultaneously improving
prospects of airport construction. The increasing government initiatives to
revamp and expand airport infrastructure will have a tremendous impact on the
market.
For instance, in 2020, the Indian
government announced the construction of 100 new airports by 2024. The
deployment of advanced air traffic management systems will create lucrative
business opportunities for the market in the forthcoming years. The constant
efforts and innovations for seamless air traffic control operations can be a
vital factor augmenting the growth of the market. The rising modernization of
domestic and international airports by the governments will fuel demand for
generation voice communication tool, which, in turn, will aid the expansion of
the market.
Market Restraint:
Stringent Safety Regulations to Dampen
Business
The imposition of safety standards by
governments is expected to retard the development of the market. For instance,
in 2009, EUROCAE WG-67 released three new specifications, including ED-136 to
ED-138. In 2012, the group released the ED-137B standard. This standard is
referred to as an international standard by the international civil
aviation organization (ICAO). The complications associated with VoIP voice
communication system design can further limit its adoption, in turn, impeding
the market growth.
Moreover, the designs are developed by
the European organization for civil aviation equipment (EUROCAE) Working Group
67. It also includes organizations such as the US FAA (Federal Aviation
Administration). The aforementioned factors are likely to aggravate business in
the forthcoming years.
Regional Analysis:
Airport Modernization Plans to Aid
Growth in Asia Pacific
The market in Asia Pacific is expected
to exhibit a rapid growth rate during the forecast period. The growth in the
region is attributed to the ongoing airport projects in India. For instance, to
boost air connectivity in the country, India’s Union Minister for Finance and
Corporate Affairs Nirmala Sitharaman allocated Rs 1.7tn for the construction of
100 new airports by 2024. The robust aviation industry in china will offer
excellent opportunities for the market. Europe is predicted to account for a
significant share during the forecast period owing to the presence of major
OEMs in the region such as S.I.T.T.I. S.p.A., Rohde & Schwarz, and NATS
Limited, and others.
List of the Leading Companies Operating
in the Voice Communication Control System (VCCS) Market:
- ASELSAN A.S. (Turkey)
- Copperchase (The U.K.)
- Frequentis AG (Austria)
- Indra Sistemas, S.A. (Spain)
- L3Harris Technologies, Inc. (The U.S.)
- MEP (Netherlands)
- NATS Limited (The U.K)
- Northrop Grumman Corporation (The U.S.)
- Rohde & Schwarz (Germany)
- S.I.T.T.I. S.p.A. (Italy)
- Saab AB (Sweden)
- Thales Group (France)
Key
Development:
·
January
2019: Saab AB, an aerospace and defense
company based in Sweden announced that it has signed a contract with Vard Group
AS. As per the contract, the company will provide its TactiCall communication
system for the Norwegian Coast Guard’s three new vessels.
·
January 2019: MEP announced the launch of a new broad product
range of console VCS for ATC application. SVS995 Console, Console TBP990,
Console TCP990, and Console TDP995 are some of the console introduced by MEP.
Browse Detailed Research Insights with
Table of Content:
https://www.fortunebusinessinsights.com/voice-communication-control-system-market-103489
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements,
Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Qualitative Insights
- Impact of COVID-19 on the Voice Communication Control System
Market
- Supply Chain Challenges
- Steps Taken by the Industry/Government/Companies to Overcome the
Impact
- Key Developments in the Industry in Response to COVID-19
- Potential Opportunities due to COVID-19 Outbreak
- Global Voice Communication Control System Market Analysis, Insights
and Forecast, 2016–2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Solution
- Hardware
- Software
- Services
- Market Analysis, Insights and Forecast – By Platform
- Air
- Ground
- Maritime
- Market Analysis, Insights and Forecast – By Application
- Air Traffic Control
- Vessel Traffic Control
- Strategic Emergency Services
- Others
- Market Analysis, Insights and Forecast – By End-User
- Commercial
- Defense
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- The Middle East
- Rest of the World
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