logo
logo
Sign in

Air Traffic Control Market Size, Value Chain Analysis, Growth Prospect Mapping & Vertical Estimates

avatar
MnM

Increasing demand for scalable air traffic navigation services is fueling the remote tower market. The remote tower system is a remote air traffic control (ATC) room with video-sensor-based surveillance instead of the conventional out-of-the-window view from a real tower.

The global air traffic control market size is projected to grow from USD 9.3 billion in 2019 to USD 12.3 billion by 2025, at a CAGR of 4.8%. Factors such as modernization of air traffic management (ATM) infrastructure, an increase in the number of airports in emerging economies, and the need for efficient airspace management are anticipated to drive the growth of the air traffic control market.

Remote tower systems are gaining popularity as they are cost-effective. Remote tower systems provide an integrated solution of subsystems that facilitate a wide range of services over conventional Air Traffic Services (ATS). High definition real-time images are transferred via the data network to an integrated controller working position at the remote tower center (RTC) according to the required airport model.

With the increase in a number of greenfield airport projects, particularly in Asia Pacific and the Middle East, which experience high passenger footfall, these airports require a permanent control tower; hence the ATCT segment is projected to account for the largest share of the air traffic control market.

Request For Custom Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=159216929

Based on sector, the commercial segment of the air traffic control market is expected to grow at the highest CAGR during the forecast period. Aircraft flying in the commercial airspace depends on pre-determined flight paths and code of commercial conduct, which vary based on the type of aircraft and air traffic. New technologies based on automated data links for communication, navigation, and surveillance are being implemented, which allow aircraft to fly within a global framework of information systems, rather than to rely on voice communications between pilots and air traffic controllers. Such technological advancements in the field of ATC are anticipated to drive the growth of the air traffic control market in the commercial sector.

Regional Insights

The air traffic control market in Middle East is anticipated to grow at the highest CAGR from 2019 to 2025. This growth is mainly attributed to the modernization of airport infrastructure, which, in turn, has resulted in the increased procurement of air traffic control equipment to streamline flight operations. Increasing passenger traffic through Middle East region has added to growth of demand for air traffic services.

UAE is the major contributor for growth of Middle East market. Given the number of airports and increasing passenger footfall, the country is leading the overall market. Also, the construction of a new airport in the countries considered for the study plays an important role as new airports will require a control tower. These control towers will be equipped with all the latest systems.

Key Company Outlook

A few of the major players in the air traffic control include Raytheon Company (US), BAE System (UK), Thales Group (France), IndraSistemas (Spain), Frequentis AG (Australia), Harris Corporation (US), Adacel Technologies (Australia), Leonardo S.p.A (Italy), Honeywell Inc (US), Northrop Grumman Corporation (US), NATS Holding (UK), and Saab AB (Sweden).

Raytheon Company (US) is another key player in the air traffic control market, offering a wide array of specialized products and services in the air traffic control market. It provides air traffic control equipment that includes automation systems, satellite-based augmentation systems, next-generation surveillance systems, and precision navigation and landing systems, among others. In 2016, the company received a contract from the Federal Aviation Administration (FAA) for the implementation of Standard Terminal Automation System (STARS) at 22 airports across the US.

Get Sample Here: https://www.marketsandmarkets.com/requestsampleNew.asp?id=159216929

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441


collect
0
avatar
MnM
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more