Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global Air Traffic Control (ATC) market likely to boosting due to rapid advances in technologies used in ATC systems and huge investments in settings up new airports in the Asia Pacific and the Middle East
The global air traffic control market size was valued USD 9.8 Billion in 2019 and projected to reach USD 15.27 Billion by 2027, registering a CAGR of 5.52%. The primarily attributed factors such as the introduction of an unmanned traffic management framework to manage unmanned aircraft vehicles and the growing adoption of satellite-based air traffic control systems. Additionally, the technological advancements in air traffic control and surge in demand for air travel due to its less time consuming and reliable air travel projected to boom the global air traffic control market in the future periods. Moreover, the rising investments in the aviation industry, coupled with technological advancements in ATC, such as data processing and communication technologies, will spur the growth of the global air traffic control market.
The air traffic management system is composed of navigation equipment, radar system, secondary radar, communication equipment, and ground control center. It completes the monitoring, identification, and guidance of the aircraft in the coverage area to ensure a healthy and safe flight. Also, advancements in microelectronics have provided the opportunity to expand the growing air traffic control in the near future. Furthermore, the upsurge in demand for high safety requirements in air traffic control and technological advancements in the component of ATC will accelerate the global air traffic control in the upcoming periods. Additionally, the presence of multiple aircraft across aerial trajectory in air traffic control and management for the use of cutting-edge equipment would expand the global air traffic control market in the estimated periods.
Airspace Overview in the Global Air Traffic Control (ATC) Market
Based on airspace, the global air traffic control market classified into Air Route Traffic Control Center, Terminal Radar Approach Control, Air Traffic Control Tower, and Remote Tower. The air traffic control tower will be the fastest-growing segment in the forecast period. It is the attributable large number of ATCT towers present in all countries, and it helps in overseeing incoming and outbound flights.
Offering Overview in the Global Air Traffic Control (ATC) market
Based on offering, the global air traffic control market segregated into Hardware (Radars, Antennas, Cameras, Control Tower Consoles, Display Systems, and Others), Software & Solutions (Communications Recording and Management, Data Gathering and Alert Systems, Incident Management, Interfacing and Integration, Platform and Suits) and Services. The Hardware held for the highest revenue in 2019 due to the construction of new airports and the expansion of existing airports around the world has demand for ATC hardware coupled with increasing demand for replacing aging hardware equipment with new advanced equipment.
Sector Overview in the Global Air Traffic Control (ATC) Market
Based on the sector, the global air traffic control market bifurcated into Commercial and Defence. The commercial segment accounted for a larger market share in 2019 and projected to lead the market by 2027. It is due to the presence of a large fleet of commercial aircraft in multiple regions, along with the growing use of air traffic control equipment for managing commercial aircraft.
Application Overview in the Global Air Traffic Control (ATC) Market
Based on the application, the global air traffic control market segregated into Communication, Navigation, Surveillance, and Automation. The communication segment generated the largest revenue in 2019, on account of the rise in demand for the replacement of outdated equipment with new ones equipped with improved digital data communication.
Regional Overview in the Global Air Traffic Control (ATC) Market
By geography, the Global Air Traffic Control (ATC) Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Middle East will be the fastest-growing region during the forecast period, owing to the rising demand for air traffic control equipment to modernize flight operations for the new developing airport infrastructure.
Global Air Traffic Control (ATC) Market: Competitive Landscape
Companies such as Raytheon Company, BAE System, Thales Group, Indra Sistemas, Frequentis AG, Harris Corporation, Adacel Technologies, Leonardo S.p.A, Honeywell Inc, Northrop Grumman Corporation, NATS Holding, Saab AB, Searidge Technologies, Saipher ATC, Nav Canada, and Cyrrus Limited are the key players in the global air traffic control market.