Overview and Scope
Air traffic control is a service given by ground-based controllers to safely direct numerous aircraft in the aviation to their destinations while preventing collisions or unforeseen mishaps caused by excessive air traffic in an air space.
Sizing and Forecast
The air traffic control market size has grown strongly in recent years. It will grow from $8.76 billion in 2023 to $9.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to modernization initiatives, air passengers growth, safety improvement, evolution of navigation systems, cost efficiency and optimization..
The air traffic control market size is expected to see strong growth in the next few years. It will grow to $11.55 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to efficiency and cost reduction, increased air traffic volume, modernization programs, remote tower operations expansion, cybersecurity emphasis.. Major trends in the forecast period include modernization initiatives, automation and ai integration, safety enhancement, nextgen atc programs, remote tower operations, cybersecurity measures..
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Segmentation & Regional Insights
The air traffic control market covered in this report is segmented –
1) By Point of Sale: Hardware, Software, Services
2) By Airport Size: Small, Medium, Large
3) By Airspace: Air Route Traffic Control Centers (ARTCC), Terminal Radar Approach Control (TRACON), Air Traffic Control Tower (ATCT), Remote Tower (RT)
4) By Application: Communication, Navigation, Surveillance, Automation
North America was the largest region in the air traffic control market in 2023. The regions covered in the air traffic control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing global tourism is expected to drive the air traffic control market. Tourism is the activity of spending some time away from home for relaxation, recreation, and pleasure. Air travel is the most preferred option due to its comfort and time-saving nature. This demand increases air traffic and the need for managing air traffic across the aerospace sector. For instance, in 2022, according to the World Tourism Organization, a specialized agency of the United Nations, international tourist arrivals increased by 172% from January to July compared to the same period in 2021. The tourism sector recovered to almost 60% of the pre-pandemic level. Approximately 474 million tourists travelled internationally from January 2022 to July 2022, compared to 175 million in the same months in 2021. Furthermore, in August 2022, a report by the World Travel Tourism Council, a UK-based forum for the travel and tourism industry, stated that following a devastating 50.4% drop in the sector’s contribution to the global economy, travel, and tourism recovered by 21.7% in 2021. Therefore, increasing tourism will propel the air traffic control market.
Key Industry Players
Major companies operating in the air traffic control market report are Raytheon Technologies Corporation, BAE Systems plc, Thales Group, Indra Sistemas S.A., Frequentis AG, Harris Corporation, Adacel Technologies Ltd., Leonardo S.p.A, Honeywell International Inc., Northrop Grumman Corporation, Saab AB, SkySoft-ATM, NAV Canada, Searidge Technologies Inc., NATS Holdings Limited, Telephonics Corp., The Aeronav Group, Becker Avionics Inc, L3Harris Technologies Inc., Atech Negocios em Tecnologias S/A, COMSOFT Solutions GmbH, Intelcan Technosystems Inc., Lockheed Martin Corporation, Serco Group plc, Slovenia Control, Finavia Corporation, Aeronav Group, Airservices Australia, Irish Aviation Authority, Swiss International Air Lines Ltd.
The air traffic control market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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