Global Air Traffic Control Equipment Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global air traffic control equipment market is anticipated to grow at a significant CAGR of 9.8% during the forecast period (2022-2028). Air traffic controller's direct flights on the ground and through a defined area of controlled airspace, as well as offer advice to pilots flying planes in uncontrolled airspace. They control the flow of planes into and out of the airport's airspace, guide pilots during takeoff and landing, and keep an eye on planes as they fly through the sky. Air travel has risen in popularity in past few years. Furthermore, increased air travel has spurred the usage of air traffic control technology as infrastructure development has kept pace with the consistent rise in globalization. The growing number of air passengers and freight has prepared the way for more planes to be built and more airports to be built, driving up demand for air traffic control equipment.

A full report of Global Air Traffic Control Equipment Market is available at:https://orionmarketreports.com/global-air-traffic-control-equipment-market/98992/  

Among all types, the communication equipment segment held the greatest share of the market owing to the fact that communication between pilots and ground control operators is critical for an orderly flow of information regarding aircraft information for air traffic management. Previously, voice communication systems were largely employed to handle air traffic, involving the exchange of information between air traffic controllers and pilots. However, in congested airspace, traditional voice communication systems are ineffective, necessitating the development of improved communication technology for air traffic management, which has attracted significant investment. As a result, this category is expected to grow at the fastest rate over the projection period.

Since numerous airports in the US and Canada have been installing modern air traffic control technology for air traffic management, North America holds the largest share in the air traffic control equipment market. However, over the forecast period, the Asia-Pacific region is expected to be the fastest-growing market. Increased air travel in the region with the decreasing airfares and an increase in disposable income of consumers, a focus on free and fair trade agreements, the implementation of stringent aviation safety regulations, and airport infrastructure developments have all contributed to the market's growth in the Asia-Pacific region.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-

In November 2021, Honeywell's NAVITAS technology has been enhanced to enable airport operators and air navigation service providers to make better decisions across all airside activities. The Honeywell NAVITAS software suite is a system of systems (SoS) solution for automating air traffic services. The goal is to make ground mobility, airside control, and monitoring, as well as air traffic management (ATM) technology, easier.
In October 2021, the US Department of Transportation's Federal Aviation Administration (FAA) conducted global search for a new control tower design that can be built and operated sustainably at regional and municipal airports.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Distribution Channel
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Thales Group, Indra Sistemas, S.A., Raytheon Co., Harris Corp., and Collins Aerospace (United Technologies Corp.), among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Air Traffic Control Equipment Market Report by Segment

By Type

Communication Equipment
Navigation Equipment
Surveillance Equipment

By End-User

Commercial
Military

By Airport Type

Brownfield
Greenfield

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.