Global Air Traffic Control Market Evaluation 2019: Lockheed Martin, Honeywell International, Northrop Grumman, Raytheon Company, Harris Corporation, Thales Group

Global Air Traffic Control Market is accounted for $30.93 billion in 2017 and is expected to reach $105.20 billion by 2026 growing at a CAGR of 14.6% during the forecast period. Some of the significant factors propelling the market growth are improved aircraft movement, demand for modernization and escalating renovation of the existing ones led by the passenger & freight traffic. However, lack of skilled labour, high cost and inefficient operations at peak hours is restraining the market growth.

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Air traffic control helps to provide ground base controller lead aircraft on the ground and by controlled and safe airspace. The major function of this equipment worldwide is collision prevention systems. Those services can be performed using ground-based infrastructures for air traffic control equipment supervision and control, which is owned by civil aviation authorities and operated by air navigation service providers.

Top Players:
Some of the key players in the market include Lockheed Martin Corporation, Honeywell International Inc., Northrop Grumman Corporation, Raytheon Company, Harris Corporation, Thales Group, Nav Canada, Leonardo S.P.A , Indra Sistemas, S.A., Frequentis Ag, Nats Holdings Limited, Adacel Technologies Limited, Searidge Technologies, Artisys, S.R.O, Acams Airport Tower Solutions, Skysoft-Atm, Cyrrus Limited and Saipher Atc.

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Market Segmentation:
Depending on airspace, Air Traffic Control System Command Center (ATCSCC) segment has a steady growth during the forecast period owing to the modernization of airports as well as the upgrade of ATC equipment. Based on Geography, Asia Pacific region is expected to register the highest market growth rate during the forecast period. Due to the modernization of airport infrastructure, which, in turn, has resulted in the raised procurement of air traffic control equipment to streamline flight operations.

Airspaces Covered:
• Air Traffic Control System Command Center (ATCSCC)
• Air Route Traffic Control Center (ARTCC)
• Terminal Radar Approach Control (TRACN)
• Air Traffic Control Tower (ATCT)
• Flight Service Station (FSS)

Applications Covered:
• Communication
• Surveillance
• Navigation
• Automation

Investment Types Covered:
• Greenfield
• Brownfield
• Positive Displacement

Systems Covered:
• Hardware System
• Software Solution

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This release was published on openPR.