Report Overview

The Global Air Traffic Control Market was appraised at USD 8 billion in 2019 and is estimated to reach USD 10.1 billion by 2027, at a 3% CAGR of during the projection period. The increasing demand for the global Air Traffic Control Equipment market can be attributed to rising air traffic. Besides, the need for flexibility and seamless control over air traffic control systems plays a vital role in market growth. Conditions and rules stipulated by regulatory bodies have brought air traffic control units under the limelight. Caution and precision are significant watchwords for people working across air traffic control units. Furthermore, the need for renewed developments in air traffic management is also distinguishing these units.

Due to these factors, the global Air Traffic Control Equipment market seems to follow a lucrative development path in the coming years. The development of new airports and the expansion & modernization of the existing ones to address increasing passenger & freight traffic are likely to push requests for air traffic control equipment. Advancements in microelectronics have opened up enormous growth opportunities for the Air Traffic Control Equipment Market, which is likely to support and continue over the prediction period. There is a constant need to check air traffic without interruption, which is difficult with the standby arrangement of obsolete ATC equipment only. To uphold traffic flow supervision, new equipment is operated parallelly with the current one. As the existing equipment has not been phased out completely, it poses a challenge to the Air Traffic Control Equipment market's growth.

Global Air Traffic Control Market – Overview

Air traffic control is a service required to assist orderly, safe, rapid, and efficient movement of air traffic. It also supports aircraft to operate in an adverse climate and prevents crashes in any condition. It notifies aircraft regarding operational routes and aids available in case of aircraft distress. Aircraft traffic management ensures the safety of all operating aircraft. The air traffic control system in Federal Aviation Administration is subdivided into these divisions, namely, Air Traffic Control System Command Center, Air Route Traffic Control Centers, Terminal Radar Approach Control, Air Traffic Control Tower, and Flight Service Station. 

Key Drivers 

Increasing Investments in Aviation

The global market has gained substantially from increasing investments in the aviation industry. Besides, progressions in data handling and broadcast technologies have caught vendors' attention in the global Air Traffic Control Equipment market. The need for secure and precise landing and take-off pushes decision-makers in the aviation industry to advance ATC units frequently. Furthermore, the event of multiple aircraft across aerial trajectory necessitates the use of cutting-edge equipment for air traffic control and administration. In this scheme, it is safe to predict that the global Air Traffic Control Equipment market would expand dramatically in the succeeding years. 

Presence of Multiple Aircraft Fleets 

A diverse series of aircraft necessitates air traffic control equipment, and this is a vital factor from the viewpoint of market development. Numerous establishments have articulated the use of broadcast equipment, law enforcement supplies, and airport surveillance systems in the aviation industry. Furthermore, the appropriate training of staff is a significant achievement for air traffic control authorities. The collaboration of ground systems with air traffic control equipment plays a pivotal role in maintaining the fleet's proper resilience. Military aircraft are obligatory to fly at heights different from commercial and private aircraft. This factor, coupled with the need for handling times of high trajectories, has helped market growth. Therefore, the total volume of returns within the global Air Traffic Control Gear market is projected to rise exponentially.

Global Air Traffic Control Market – Segmentation

The Air Traffic Management market has been divided into Air Traffic Services, Air Traffic Flow Management, Airspace Management, and Aeronautical Information Management, based on airspace. The Aeronautical Information Management (AIM) segment is predicted to display the highest CAGR during the prediction period. The development of this section is attributable to need for the real-time aeronautical details supplied in the form of data, which are updated frequently for safe, efficient, and cost-effective ATM.

Based on end-use, the air traffic management market has been separated into commercial and tactical segments. The commercial segment captured the leading share of the market in 2018. Significant commercial air-traffic, extensive use of ATM systems for day-to-day commercial air travel, and timely additions of these systems are the major drivers of the commercial section.

Based on the components, the market has been divided into Hardware and Software. The software segment is predicted to exhibit maximum CAGR during the prediction period. This section's development can be ascribed to the increasing automation in air traffic management, requiring advanced software systems.

Based on the investment type, the market has been segregated into Brownfield and Greenfield. The Brownfield segment is estimated to grow at an advanced CAGR during the projection period. The growth of this segment is attributable to the probable higher savings in modernizing, renovating, and upgrading existing airports in developing and developed economies.

Based on region, Global Air Traffic Control Market is segmented in key regions— North America, Europe, Asia Pacific, South America, and the Middle East & Africa. 

Global Air Traffic Control Market - Regional Insights 

Europe and North America were the leading air traffic control equipment regional markets in 2013 due to amplified efforts by the government to secure air traffic and aircraft. The Asia Pacific is assessed to account for the leading share of the world market in 2018. Air traffic has been rising at an accelerated rate in the Asia Pacific, leading to more demand for airports and upgradation of existing ones. China is the principal market in this region, followed by India. The rise in air passenger traffic has led to the development of new airlines, triggering an increase in the number of aircraft deliveries set to enhance this region's market. The Asia Pacific is appraised likely to lead the market during the prediction period.

Competitive Landscape

The prominent players in this market are Raytheon Company, Indra Sistemas, Harris Corporation, Thales Group, Northrop Grumman Corporation, Honeywell International Inc., Saab AB, BAE Systems, Frequentis Group, Lockheed Martin Corporation, Saipher ATC, Advanced Navigation & Positioning Corporation, Intelcan Technosystems Inc., ALTYS Technology, Searidge Technologies, Leonardo S.p.A, Adacel Technologies Limited, ACAMS Airport Tower Solutions, ARTISYS, s.r.o, Sky Soft, Nav Canada, Avinor AS, Serco group PLC, Kongsberg, NATS Limited.

Recent Development

Ø  In February 2019, the US Air Force awarded a contract of USD 59 million to Northrop Grumman for the development and manufacturing of the embedded Global Positioning System (GPS).

Ø  In October 2018, Indra Sistemas received a contract to provide InNOVA Approach and Tower-Display Surveillance Data processing system to the Inverness Airport. Highlands and Islands Airports (HIAL), which operates and manages more than ten airports in Scotland, awarded this contract.

Scope of the Report

By Airspace 

Ø  Air Traffic Services

Ø  Flow Management

Ø  Airspace Management

Ø  Aeronautical Info Management 

By Component

Ø  Hardware

Ø  Software 

By End-Use

Ø  Commercial

Ø  Tactical

By Investment

Ø  Brownfield

Ø  Greenfield

By Region

Ø  North America

Ø  Europe 

Ø  Asia Pacific

Ø  Latin America

Ø  Middle East & Africa

 The objective of the Study:

Ø  To analyze and project the Global Air Traffic Control Market size in terms of value.

Ø  To examine the region-wise segmentation of the Global Storage Tank market and assess the market size in terms of value for each region viz., North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their leading countries. 

Ø  To outline, segregate, and estimate the Global Air Traffic Control Market based on different classifications, i.e., By Airspace section, By component, By End-use, By Investment and By Region.

Ø  To scrutinize category-wise competitive developments in the Global Air Traffic Control Market based on By Airspace section, By component, By End-use, By Investment and By Region.

Ø  To interpret the current market dynamics, by analyzing growth drivers, restraints, opportunities, and challenges and their impact. 

Ø  To provide a detailed competitive landscape, including major players, strategic profiles, and market shares.

Business Questions Answered by the Report

Ø  How will the market drivers, restraints, and opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and which one will be the fastest-growing, and why?

Ø  Who are the key players in the market, and what is their share?

Ø  What is the strategy adopted by key players, and how does it affect the existing and new players?

Customization Scope for the Client

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:

Ø  Additional Company Information

Ø  Detail Analysis of five additional companies

Ø  Additional country analysis

Ø  Detailed segment analysis