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
Press Release
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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.
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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.
Know more about the Global Market:
https://www.marketsandmarkets.com/Market-Reports/air-traffic-control-equipment-market-159216929.html
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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