Global Air Traffic Control Market Overview:
Air traffic control is the ground-based controlling unit which guides the aircraft the direction on the ground and in the air with the major purpose of providing safety and ease in flying the aircraft. Proper guide and usage of air traffic control system prevent collisions of aircraft that provide the safe and shortest path of the journey to pilot with the information and other support. Increasing airspace congestion in the sector and the advancement of the air control system for betterment in managing the air traffic is booming the Air Traffic Control Market in developed and developing economies. Some of the key players profiled in the study are Thales SA (France), Indra Sistemas, S.A. (Spain), Raytheon Company (United States), Frequentis AG (Austria), Northrop Grumman Corporation (United States), Intelcan Technosystems Inc. (Canada), Searidge Technologies (Canada), NATS Holdings Limited (United Kingdom) and SkySoft-ATM (Switzerland). According to Market Analyst at AMA, the Global Air Traffic Control market may see a growth rate of 14.3% and would reach the market size of USD105.2 Million by 2026.
On the basis of geography, the market of Air Traffic Control has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Investment Type, the sub-segment i.e. Greenfield will boost the Air Traffic Control market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sector, the sub-segment i.e. Commercial will boost the Air Traffic Control market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. Hardware System will boost the Air Traffic Control market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Air Traffic Control System in Renovation and Modernization of Existing Airports for the Improved Aircraft Movement
- Increasing Demand for Safe and Reliable Air Traffic Operations across the Globe
- Increasing Airspace Congestion
Market Trend
- Technological Advancement In Air Traffic Control System
Restraints
- High Cost of Air Traffic Control System and Equipment’s With the Inefficiency in Operations at Peak Hours
- Lack of Skilled Labour in the Sector Of Operation And Maintenance Of Air Traffic Control System
Opportunities
- Advancement in Air Traffic Control Technology for the Enhancement in Ease of Controlling Air Route Traffic
- Development of New Airport Infrastructure
Challenges
Target Audience:
Maintenance, Repair, and Overhaul (MRO) Service Providers, Original Equipment Manufacturers (OEMs) and Service Providers, Subcomponent Manufacturers and Suppliers, Airport Authorities and Airlines, Air Traffic Control Solution Providers, Technology Support Providers and Solutions & Software Providers
Major Objectives Focused through this Study
To define, describe, and forecast the Global Air Traffic Control market on the basis of product [ATC Communication, ATC Navigation and ATC Survelliance] , application [Defence and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Air Traffic Control market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Air Traffic Control industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are ACAMS Airport Tower Solutions (Norway), Honeywell International Inc. (United States), Lockheed Martin Corporation (United States), Rohde & Schwarz GmbH & Co. KG (Germany) and ALTYS Technologies (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Air Traffic Control market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.