The new report by Expert Market Research titled, ‘Global Air Traffic Control (ATC) Market Report and Forecast 2022-2027’, gives an in-depth analysis of global air traffic control (ATC) Market, assessing the market based on its segments like airspace, application, offering, airport size, sector, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 9.18 Billion
- Forecast CAGR (2022-2027): 5.60%
- Forecast Market Size (2027): USD 11.83 Billion
The rise of the air traffic control industry in the aviation sector is being fueled by increased air passenger traffic because of globalisation and rising living standards. A fundamental driver fueling the air traffic control sector is the requirement to organise the expanding number of operating aircraft. Furthermore, rapid adoption of advanced technological solutions, such as advanced surface movement ground control systems (ASMGCS), advanced integrated automation systems, art technology, performance-based navigation (PBN), standard instrument departures (SIDs), and STARs (Standard Terminal Arrival Routes), is expected to boost industry growth in the forecast period, particularly in developing countries. In addition, the tourism industry’s strong rise is expected to sustain demand for air traffic control technologies over the forecast period.
Industry Definition and Major Segments
Ground-based controllers provide air traffic control (ATC), which manages air transportation operations in controlled airspace. In a non-controlled space, air traffic controllers give directions to aircraft to avoid crashes, aid pilots, and organise aircraft routes. They also use radar to track the location of planes and communicate with the pilots through radio.
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Based on airspace, the market is divided into:
- Air Route Traffic Control Centres
- Terminal Radar Approach Control
- Air Traffic Control Tower
Based on application, the market can be segmented into:
On the basis of offering, the market is divided into:
- Software and Solutions
Based on airport size, the market is bifurcated into:
On the basis of sector, the market is segmented into:
- Military and Defence
Based on region, the market can be divided into:
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
North America is likely to have a sizable portion of the air traffic control market. Furthermore, the quick installation of sophisticated air traffic control solutions, such as the Federal Aviation Administration’s Next Generation Air Transport System, is expected to improve air traffic operations in the region. Furthermore, technology advancements in the sectors of navigation, communication, surveillance, and automation are expected to boost market growth even more.
Meanwhile, technological advancements in Asia Pacific are expected to promote market growth during the projection period. The Indian Air Force, for example, built the world’s highest mobile air traffic control towers in Ladakh in 2021. Similarly, the sector is expected to benefit from the construction of new airports as well as the refurbishment of existing airports during the forecast period.
Key Market Players
The major players in the market are Adacel Technologies Limited, BAE Systems plc, Frequentis Ag, Indra Sistemas S.A., Leonardo S.P.A., Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab Ab, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.