Global Air Traffic Control Market Comprehensive Study: Forecasted Market Size And Growth Rate

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2058

The Business Research Company offers in-depth market insights through Air Traffic Control Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The air traffic control market size has grown strongly in recent years. It will grow from $8.76 billion in 2023 to $9.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to modernization initiatives, air passengers growth, safety improvement, evolution of navigation systems, cost efficiency and optimization..

The air traffic control market size is expected to see strong growth in the next few years. It will grow to $11.55 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to efficiency and cost reduction, increased air traffic volume, modernization programs, remote tower operations expansion, cybersecurity emphasis.. Major trends in the forecast period include modernization initiatives, automation and ai integration, safety enhancement, nextgen atc programs, remote tower operations, cybersecurity measures..

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Market Segmentation:
The air traffic control market covered in this report is segmented -

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

Major Driver - Taking Flight Global Tourism Surge Drives Growth In The Air Traffic Control Market
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. For instance, in 2022, according to the World Tourism Organization, a specialized agency of the United Nations, international tourist arrivals increased by 172% from January to July compared to the same period in 2021. The tourism sector recovered to almost 60% of the pre-pandemic level. Approximately 474 million tourists travelled internationally from January 2022 to July 2022, compared to 175 million in the same months in 2021. Furthermore, in August 2022, a report by the World Travel Tourism Council, a UK-based forum for the travel and tourism industry, stated that following a devastating 50.4% drop in the sector's contribution to the global economy, travel, and tourism recovered by 21.7% in 2021. Therefore, increasing tourism will propel the air traffic control market.

Competitive Landscape:
Major companies operating in the air traffic control market report are Raytheon Technologies Corporation, BAE Systems plc, Thales Group, Indra Sistemas S.A., Frequentis AG, Harris Corporation, Adacel Technologies Ltd., Leonardo S.p.A, Honeywell International Inc., Northrop Grumman Corporation, Saab AB, SkySoft-ATM, NAV Canada, Searidge Technologies Inc., NATS Holdings Limited, Telephonics Corp., The Aeronav Group, Becker Avionics Inc, L3Harris Technologies Inc., Atech Negocios em Tecnologias S/A, COMSOFT Solutions GmbH, Intelcan Technosystems Inc., Lockheed Martin Corporation, Serco Group plc, Slovenia Control, Finavia Corporation, Aeronav Group, Airservices Australia, Irish Aviation Authority, Swiss International Air Lines Ltd.

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Top Trend - Sky-High Innovations Eurocontrol Muac And Indra Spearhead Technological Advancements In Air Traffic Control
Technological advancements and the application of cutting-edge systems is a key trend gaining popularity in the air traffic control market. 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. The new system transmits data via the Aeronautical Telecommunications Network (ATN), a sophisticated global information highway useful for ground-to-ground and ground-to-air communications. This technique allows the controller to establish electronic contracts with aircraft and receive data on crucial factors such as route and altitude, among other things. Indra's ADS-C system will also help increase interoperability with other control centers by contributing to new algorithms for the Arrival Management System (XMAN), which will directly influence traffic flow and aircraft punctuality across the continent.

The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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