The report "Global Air Traffic Control Market - Premium Insight, Industry Trends, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q2 2018 Update)", published by 360iResearch, states that the global market was valued at USD 31.82 billion in 2017 and is projected to reach USD 68.71 billion by 2024, growing at a CAGR of 11.62% from 2017 to 2024.
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The major forces driving the growth of the air traffic control market include the increase in airspace congestion and modernization of air traffic management infrastructure. Moreover, the privatization of airspace industry is also one of the factors that is driving the market growth. However certain factors such as the high infrastructural cost may hinder the market growth. In the middle of difficulty lies opportunity such as the the air traffic management infrastructure for unmanned aircraft system, and future atm systems. The possible challenges for the market growth is environmental trade-offs and institutional changes. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on market, the global air traffic control market is studied across and Air Traffic Control Tower. Based on airport class, the global air traffic control market is studied across Class A, Class B, and Class C. Based on investment, the global air traffic control market is studied across Brownfield, and Greenfield. Based on application, the global air traffic control market is studied across Automation, Communication, Navigation, Simulation, and Surveillance. Based on end user, the global air traffic control market is studied across Civil & Commercial, and Military & Defense. Based on geography, the global air traffic control market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the air traffic control market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are ALTYS Technologies, ARTISYS, s.r.o., Cyrrus Ltd., Harris Corporation, Honeywell International, Inc., Indra Sistemas, S.A., Intelcan Technosystems, Inc., Lockheed Martin Corporation, NAV CANADA, Northrop Grumman Corporation, Raytheon Company, Saab AB, Saipher ATC, Searidge Technologies, and Thales S.A..
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Miss. Shikha Sachan
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