Insights Into The Air Traffic Control Market’s Growth Opportunities Through 2023-2032 – Includes Air Traffic Control Market Demand
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The increasing global tourism are expected to drive innovation in air traffic control manufacturing, thus driving the market during the forecast period.
The global air traffic control market 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 air traffic control market size is expected to reach $10.7 billion in 2027 at a CAGR of 5.2%.
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Global Air Traffic Control Market Segments Include:
- By Type: 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: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global air traffic control market in 2021.
Major Market Players 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.
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 Air Traffic Control Global Market Report 2023 provides a air traffic control market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air traffic control market forecast analyzes air traffic control market size, air traffic control market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Air traffic control is a service given by ground-based controllers to safely direct numerous aircraft in the aviation to their destinations while preventing collisions or unforeseen mishaps caused by excessive air traffic in an air space.
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