Global Air Traffic Control Market Revenue Analysis By 2027
The air traffic control market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.
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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With constant need for maintenance and training services, the air traffic control market revenue from services segment is poised to grow considerably. For instance, Serco Group plc extended the partnership deal with Ministry of Transportation in December 2019. This deal aims at providing ATC services while supporting General company for Air Navigation (GCANS) at the airport of Bagdad.
While the COVID-19 pandemic negatively impacted various industries and market was no exception. To reduce the virus spread, various governments imposed stringent lockdowns. That apart, there were strict rules on air travel, further creating a negative impetus on the market. However, with relaxation in air travel bans in 2021 in several countries, the market is anticipated to gain substantial proceeds.
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Over the years, there has been a considerable rise in tourism, the number of airports, and investments in the Asia Pacific. That apart, the airports in the region are technologically upgraded and modernized, favoring the air traffic control market expansion.
The investments to develop new greenfield is also increasing in countries like China and India. Citing the same with an instance, the government of India invested nearly USD 2.5 billion in 2018 to develop new greenfield international airport at Mumbai. This airport will be equipped with advanced facilities and amenities for domestic and international passengers. To enhance the communication between controller and pilot and reduce collision, the airport will be equipped with advanced air traffic control systems. It is expected that the airport will complete by 2032 in four phases.
On this note, it would be safe to state that Asia Pacific air traffic control market is anticipated to hit a CAGR of 7% through 2027.
Some of the main industry participants include Indra Sistemas, Raytheon Company, L3Harris Technologies, BAE Systems, Nats Holding, Adacel Technologies, Lockheed Martin Corporation and many more.
Major Key Points from Table of Content:
Chapter 5 Air Traffic Control Market, By Component
5.1 Market share, by component, 2020 & 2027
5.2 Hardware
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Sensors
5.2.2.1 Market estimates and forecast, 2017 – 2027
5.2.3 GPS systems
5.2.3.1 Market estimates and forecast, 2017 – 2027
5.2.4 OBD port
5.2.4.1 Market estimates and forecast, 2017 – 2027
5.3 Software
5.3.1 Market estimates and forecast, 2017 – 2027
5.4 Services
5.4.1 Market estimates and forecast, 2017 – 2027
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
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