Air Traffic Control Market 2030 Product Expert Unique Investment Opportunities by Honeywell, Thales Group, BAE Systems, Raytheon company, Harris Corp, Collins Aerospace, Lockheed Martin, Parker Hannifin, Northrop Grumman

Key development in air traffic control equipment market: France-based manufacturer Thales (Topsky, a subsidiary of Thales group), recognized as major air traffic control equipment supplier in Saudi Arabia, has come into agreement with Saudi Arabian General Authority of Civil Aviation (GACA) to create advanced system for air traffic control tower equipment in GACA and SANG (Saudi Arabian National Guard).

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Key Benefits For Stakeholders:
o The air traffic control equipment market size has been analyzed across all regions
o Porter's five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
o The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. The market is forecasted for 2019-2026.
o Major countries in the region have been mapped according to their individual revenue contribution to the regional market
o The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study
o The market analysis covers in-depth information of major industry participants

Air traffic control equipment are the tools that are used for operational efficiency and safety purposes. The main purpose of this equipment is to maintain air traffic flow, avoid collision, coordinate in take-off and landing, and aid pilots whenever required. Airport authorities are compelled to improve the air traffic control systems and infrastructure in control center to minimize collision and reduce cost. With technological advancements and development in data processing, now state-of-the-art variants of equipment are available in the market. Air traffic control aids the air traffic controllers to monitor the speed, position, and altitude of aircrafts. The aviation legislations have mandated airport authorities to modernize and improve their air traffic control system.

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Over the past few years, rise in number of air passengers and new airports has been witnessed in the emerging economies. Therefore, these rapidly growing economies of developing nations and increase in air travelers are expected to drive the growth of the global air traffic control equipment market. Furthermore, the factors such as technological advancements and less time consuming and reliable air travel boost the air traffic control equipment industry growth. In addition, increase in demand of aircrafts in defense is also expected to fuel the market growth. With growth in demand for aircrafts in defense and rise in number of regional airports increasing the demand for commercial aircrafts, air traffic control equipment market is expected to experience high demand in the near future. However, the shorter life span of the air traffic control equipment is expected to restrain the market growth. Moreover, the steady growth in GDP, globalization, and e-commerce industry (which provide easy accessibility and availability to worldwide air travel) is anticipated to provide lucrative opportunity to increase air traffic control equipment market.

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The air traffic control equipment market is segmented based on application, device type, end users, and region. On the basis of application, the market is segregated into navigation, communication, and surveillance. The communication segment dominates the market and is expected to do so in the coming years as major investments are done to get advanced equipment, which will provide loss-less data, real-time communication and voice data. Given large air traffic control equipment market share, based on device type, it is further segmented into radar devices, proximity devices, simulator devices, information system devices, safety & navigational devices, and others. Based on end user, the market is classified into commercial aircraft, defense aircraft, cargo & military aircraft, and others. By Region, the air traffic control equipment market analysis is done into North America, Asia-Pacific, Europe, and LAMEA. Asia-Pacific region being the emerging and significantly fast developing economies, will experience higher demand in the market and will create potential for manufacturers globally. In contrast, developed regions such as North America and Europe has witnessed decrease in number of airports. However, collaborations and mergers can lead to increased demand for North America and Europe based manufacturers in air traffic control equipment. The regions like Asia-Pacific, with a greater number of emerging economies, will be a great potential for the air traffic control equipment manufacturers.

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