The Global Air Traffic Control Market to grow from USD 9,185.61 Million in 2019 to USD 12,875.96 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 5.79%.
Market Segmentation & Coverage:
The research report categorizes the Air Traffic Control Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Airspace , the Air Traffic Control Market studied across Aeronautical Information Management, Air Traffic Flow Management, Air Traffic Services, and Airspace Management. The Air Traffic Services further studied across Air Traffic Control, Alerting Services, and Flight Information Services.
Based on Component, the Air Traffic Control Market studied across Hardware and Software. The Hardware further studied across Communication, Navigation, and Surveillance. The Software further studied across Air Traffic Control Automation System, Data Link Server, Flight Data Processing System, Itower Advance Automation Services, Obstacle Surface Planner, and Surveillance Data Processing.
Based on Airport Class, the Air Traffic Control Market studied across Class A, Class B, and Class C.
Based on Investment, the Air Traffic Control Market studied across Brownfield and Greenfield.
Based on Application, the Air Traffic Control Market studied across Automation, Communication, Navigation, Simulation, and Surveillance.
Based on End User, the Air Traffic Control Market studied across Civil & Commercial and Military & Defense.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the Air Traffic Control Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the Air Traffic Control Market in 2019, followed by the Europe, Middle East & Africa. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Europe, Middle East & Africa.
The factors attributing to the growth of the market are modernization of air traffic management infrastructure, increase in airspace congestion due to growing number of travellers, and privatization of airspace industry and advancement in technology. However, some factors such as high infrastructural cost may hinder the market growth. The Air Traffic Control Market expected to showcase the opportunities such as potential assosciated with advanced atm systems and air traffic management infrastructure for unmanned aircraft system. Soon market may face the possible challenges in the growth due to environmental trade-offs and institutional changes. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Air Traffic Control Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Air Traffic Control Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Air Traffic Control Market, including ACAMS airport tower solutions, ADACEL TECHNOLOGIES, ALTYS Technologies, Artisys, S.r.o., BAE Systems PLC, Cyrrus Limited, Frequentis AG, Honeywell International Inc., Huber+Suhner, INDRA SISTEMAS, S.A., Intelcan Technosystems Inc, L3Harris Commercial Aviation, Leonardo S.p.A., Midwest Air Traffic Control Service, Inc., NATS Holdings, Nav Canada, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Saipher ATC, Searidge Technologies, SkySoft-ATM, and Thales Group.