Air Traffic Control Equipment Market| Global Industry Analysis by Size, Trends, Growth, Factors, Business Outlook, Competitive Strategies, Forecast till 2023

Market research future offering latest research report on Air Traffic Control Equipment Market Research Report: Information by Equipment Type (Communications Equipment, Navigation Equipment, Surveillance Equipment), by End-User (Commercial, Military), and by Region -- Global Forecast till 2023

Air Traffic Control Equipment Market Key Market Players

The key players in the global market for air traffic control equipment are BAE Systems PLC (UK), Harris Corporation (US), Thales Group (France), Cobham (UK), Indra Sistemas (Spain), ADb Safegate (US), Raytheon Company (US), Aeronav Inc. (Canada), Searidge Technologies (Canada), and Aquila Air Traffic Management Services (UK).

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Global Air Traffic Control Equipment Market

According to the latest report by Market Research Future (MRFR), the global air traffic control equipment market is slated to surpass a substantial market valuation at a steady CAGR over the review period.

The primary purpose of the air-traffic control equipment is the prevention of air-traffic flow management, provision of support to the pilots, and aircraft collisions. Moreover, passenger and air traffic have grown significantly in recent years. there has been a growing requirement of new aircraft by airlines to meet the ever-increasing demand, owing to the huge passenger growth. in addition, the new airlines are being established in almost every region to tap into the remarkable passenger demand.Hence, the increase in passenger traffic and the ensuing demand for new aircraft from the current as well as new airlines will affect the growth of the global air traffic control equipment market positively over the assessment period.

Air Traffic Control Equipment Market Segmental Analysis

The global market for air traffic control equipment has been segmented by end-user, equipment type,and region. On the basis of equipment type, the air traffic control equipment market is segmented into navigation equipment, communications equipment, and surveillance equipment. the surveillance equipment segment is accounted for the largest market share, and it is expected that the communications equipment segment would observe the fastest market growth during the forecast period. Based on end-user, the market for air traffic control equipment is divided into commercial and military. the commercial segment is accounted for the largest market share, and it is also expected to observe the fastest growth rate during the forecast period.

Air Traffic Control Equipment Market Regional Analysis

The global market for air traffic control equipment, on the basis of region, has also been segmented into North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. North America holds the largest share of the market, which is significantly driven by the increasing expansion of the aviation industry in established economies such as the US and Canada. The sheer existence of significant market players results in the dominance of this region in the global market. There is a large number of aircraft in service in the region, which is expected to grow substantially, which would create new opportunities for the major market players.

Additionally, there have been diverse initiatives by US-based organizations, in line with the market, which is expected to contribute towards the market share. There are several initiatives being undertaken to transfer, the existing aviation equipment over the review period. Such developments would fuel the market growth. In addition, Asia-Pacific is anticipated to grow as the fastest-growing region for air traffic control equipment market, during the forecast period, and it is projected to overtake North America and Europe, during the review period. The developing countries such as India, China, South Korea, and Japan, are currently focused on improving their airport infrastructure to tackle the growing air traffic in these countries.

He middle east is also expected to witness significant growth owing to the growth in the aviation industry, presence of major market players and the availability of funds for expansion. Market players are focusing on offering luxury aviation facilities to passengers, which is expected to drive the demand as well as the revenue generation for the airport information systems market of the middle east, especially in the United Arab Emirates, over the review period.

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