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Air Traffic Control Market Key Players, End User Demand And Analysis Growth Trends By 2032
Air Traffic Control Market
Air Traffic Control Market Size, Growth Rate, And Forecast
The global air traffic control market size is expected to grow from $8.22 billion in 2022 to $8.72 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The air traffic control market size is expected to reach $10.7 billion in 2027 at a CAGR of 5.2%.
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Air Traffic Control Market Drivers
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.
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Air Traffic Control Market Segments
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Air Traffic Control market.
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Air Traffic Control Market Key Players
Major competitors in the Air Traffic Control market include Raytheon Company, BAE Systems plc, Thales Group, Indra Sistemas S.A., Frequentis AG, Harris Corporation, Adacel Technologies Ltd., Leonardo S.p.A
The Table Of Content For The Air Traffic Control Market Include:
1. Executive Summary
2. Air Traffic Control Market Characteristics
3. Air Traffic Control Market Trends And Strategies
4. Air Traffic Control Market - Macro Economic Scenario
5. Air Traffic Control Market Size And Growth
……
27. Air Traffic Control Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air Traffic Control Market
29. Air Traffic Control Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Air Traffic Control Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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