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(USGovernment-News.Com, June 27, 2019 ) Market NEWS: The Air Traffic Control Market Is Projected To Reach USD 56.07 Billion By 2022, At A CAGR Of 12.75% During The Forecast Period. The Base Year Considered For the Study Is 2016 and the Forecast Period Is From 2017 To 2022
The air traffic control market is projected to grow from USD 30.77 Billion in 2017 to USD 56.07 Billion by 2022, at a CAGR of 12.75% during the forecast period. This growth is mainly attributed to the modernization of Air Traffic Management (ATM) infrastructure, increase in the number of airports in emerging economies, and the need for efficient airspace management. As aircraft operators across the globe have realized the significance of improved Air Traffic Control (ATC) services, they are increasingly investing in the development of innovative air traffic control technologies.
The air traffic control market has been segmented on the basis of airspace, application, sector, investment type, system, and region. Based on airspace, the market has been classified into Air Traffic Control System Command Center (ATCSCC), Air Route Traffic Control Center (ARTCC), Traffic Radar Approach Control (TRACON), Air Traffic Control Tower (ATCT), and Flight Service Station (FSS). The ATCSCC segment is estimated to be the largest airspace segment of the market in 2017, owing to the need for advanced capabilities in ATC equipment.
Based on application, the Air Traffic Control Market has been segmented into communication, navigation, surveillance, and automation. The communication segment is estimated to account for the largest share of the market in 2017. Communication between pilots and ground control operators is essential to ensure an orderly flow of air traffic. Earlier, voice communication systems were primarily used to manage air traffic, which involved the transmission of information between air traffic controllers and pilots. However, conventional voice communication systems are unable to function effectively in congested airspace, which has propelled the need to develop advanced communication equipment for air traffic control.
Key Target Audience
• Air Traffic Control Equipment Manufacturers
• Air Traffic Control Solution Providers
• Original Equipment Manufacturers (OEMs) and Service Providers
• Subcomponent Manufacturers and Suppliers
• Maintenance, Repair, and Overhaul (MRO) Service Providers
• Technology Support Providers
• Logistical Partners and Transporters
• Solutions & Software Providers
• Airport Authorities and Airlines
Based on region, the air traffic control market has been segmented into North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW). The aircraft traffic control market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period, owing to high investments made by aviation authorities to modernize airport infrastructure.
The report analyzes the air traffic control market based on airspace {Air Traffic Control System Command Center (ATCSCC), Air Route Traffic Control Center (ARTCC), Traffic Radar Approach Control (TRACON), Air Traffic Control Tower (ATCT), and Flight Service Station (FSS)}, application (communication, navigation, surveillance, and automation ), sector (commercial and defense), investment type (greenfield and brownfield), system (hardware systems and software solutions), and region (North America, Europe, Asia Pacific, the Middle East, and RoW).
The report provides an in-depth market intelligence regarding key market dynamics such as drivers, restraints, opportunities, and challenges that may influence the growth of the market. It also provides an analysis of micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market.
The report also covers competitive developments such as long-term contracts, new product launches & developments, and research & development activities in the air traffic control market, in addition to business and corporate strategies adopted by key market players.
Products offered by various companies in the air traffic control market have been listed in the report. The recent developments section of the report includes recent and key developments undertaken by various companies between 2014 and 2017. Major companies profiled in the report include Thales SA (France), Harris Corporation (US), Raytheon Company (US), Indra Sistemas, S.A. (Spain), Lockheed Martin Corporation (US), and Frequentis AG (Austria). Contracts and agreement were key growth strategies adopted by leading players in the market. These strategies have enabled companies to strengthen their market share and expand their customer base.
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