Air Traffic Control Market Technological Innovations and Future Opportunities 2027
Category: #technology  By Ronak Bora  Date: 2021-08-03
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Air Traffic Control Market Technological Innovations and Future Opportunities 2027

The research report on air traffic control market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The global air traffic control market has witnessed sizeable expansion over the years due to the evident increase in the number of airports across the globe to meet the rise in number of air passengers. More people are traveling for purposes like education, work, leisure, medical services, and others. Air traffic control systems monitor the flow of traffic and play an integral role in avoiding collision of aircraft.

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Reports estimate that the global air traffic control market could cross USD 10 billion in terms of valuation through 2027. The COVID-19 pandemic largely affected industry due to the spread of the infection across the world during the initial quarters of 2020. The governments in various nations had imposed a strict lockdown in order to control the spread of the infection. But with the gradual upliftment of travel bans by many countries; the market will gain momentum in the near future.

With respect to the components, the air traffic control services segment has gained traction due to the constant need for training and maintenance services. For example, in December 2019, Serco Group inked a partnership with the Iraq’s Ministry of Transportation to offer ATC services and support the General Company for Air Navigations at the Baghdad airport.

The global air traffic control market comprises many leading companies that are actively working towards increasing their customer base and broaden their market presence. These companies are focusing on expanding their customer base by offering many services, systems, and solutions to strengthen their market hold.

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The air traffic control market of Asia Pacific is projected to witness a CAGR of over 7% over the next six years. Rising government investment increasing tourism, development of airport infrastructures, and increasing air traffic has majorly favored industry growth.

Highlighting an instance, in 2018, the government of India financed about USD 2.5 billion in the expansion of a greenfield international airport in Navi Mumbai. The airport is expected to be completed by 2032 in four phases. A part of the investment will be used to install advanced ATC systems at the airport for improvising communication between the pilot and the controller and for reducing the possibility of air collisions.

Some prominent firms in this sector include Frequentis AG, Raytheon Company, Nav Canada, L3Harris Technologies, Inc., Nats Holding, Northrop Grumman Corp., BAE Systems, Saab Ab, Leonardo S.P.A, Lockheed Martin Corporation, Adacel Technologies, Skysoft-Atm, Honeywell International Inc., and Thales Group.

Major Key Points from Table of Content:

Chapter 6   Air Traffic Control Market, By Center

6.1    Market share, by center, 2020 & 2027

6.2    Air Route Traffic Control Center (ARTCC)

6.2.1    Market estimates and forecast, 2017 – 2027

6.3    Terminal Radar Approach Control (TRACON)

6.3.1    Market estimates and forecast, 2017 – 2027

6.4    Air Traffic Control Tower (ATCT)

6.4.1    Market estimates and forecast, 2017 – 2027

6.5    Flight Service Station (FSS)

6.5.1    Market estimates and forecast, 2017 – 2027

Chapter 7   Air Traffic Control Market, By End-use

7.1    Market share, by end-use, 2020 & 2027

7.2    Commercial

7.2.1    Market estimates and forecast, 2017 – 2027

7.3    Defense

7.3.1    Market estimates and forecast, 2017 – 2027

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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