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Air Traffic Control Market Forecast 2023-2032 - Size, Lucrative Segments And Leading Regions
Air Traffic Control Market
The Business Research Company's Air Traffic Control Global Market Report 2023 identifies increasing global tourism as the major driver for the Air Traffic Control market's growth in the forecast period. 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.
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 market size of 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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Major competitors in the Air Traffic Control market are Raytheon Company, BAE Systems plc, Thales Group, Indra Sistemas S.A., Frequentis AG, Harris Corporation, Adacel Technologies Ltd.
A key trend in the Air Traffic Control market includes technological advancements. Major companies in the market are introducing new technologies for automated data transfer with aircraft for effective and accurate traffic management. For instance, in June 2022, Eurocontrol MUAC, a Netherlands-based company managing the traffic of upper air space of Belgium, the Netherlands, Luxembourg, and Northwestern Germany, in partnership with Indra, a Spanish technology and consulting company, launched ATN Automatic Dependent Surveillance Contract system (ADS-C) to automate the data exchange with the aircraft to ease the air traffic management process.
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The Air Traffic Control market is segmented -
• By Point of Sale: Hardware, Software, Services
• By Airport Size: Small, Medium, Large
• By Airspace: Air Route Traffic Control Centers (ARTCC), Terminal Radar Approach Control (TRACON), Air Traffic Control Tower (ATCT), Remote Tower (RT)
• 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.
The Business Research Company's "Global Air Traffic Control Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
………………………………………………………………
26. Africa Air Traffic Control Market
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
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