Report Scope & Overview:
Air Traffic Control Market Size was valued at US$ 11.04 billion in 2022, expected to reach USD 16.07 billion by 2030, and grow at a CAGR of 4.8% over the forecast period 2023-2030.
The Air Traffic Control Market report provides the current market size, defines trends, and forecasts growth to 2030. All market revenue figures are given in US dollars. The supply side analyses the Air Traffic Control Market, taking into account market penetration in all regions around the world. The study also provides market insights and analysis of the Air Traffic Control Market, highlighting technological market trends, adoption rate, industry dynamics, and competitive analysis of major Air Traffic Control Industry players.
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MARKET DYNAMICS:
KEY DRIVERS:
The growing need to modernize existing airports and build new facilities is expected to drive the Air Traffic Control market.
RESTRAINTS:
an increase in the number of airports, the need for improved airspace management systems, and an increase in the number of passengers
The possibility of a cyber attack, the high cost of ATC systems, and the adoption of satellite-based air-traffic control systems all have a significant impact on the market.
OPPORTUNITIES:
Many developing countries have plans to build new airports to improve domestic and international air travel.
India intends to build an additional 100 airports by the end of 2024.
THE IMPACT OF COVID-19
COVID-19 has the potential to have three significant effects on the global economy: directly affecting production and demand, disrupting supply chains and markets, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation around the world, believe that the market will provide producers with profitable opportunities in the aftermath of the COVID-19 quandary.
The market for air traffic control is divided into four segments: communication, navigation, surveillance, and automation. During the forecast period, the automation segment is expected to grow at a higher CAGR of 6.8 percent in the Air traffic control Market. It is rapidly expanding as airports and air traffic controllers engage in simulations, and it is being fueled by the increased use of remote towers. As a result, during the forecast period, this major factor will drive the growth of the automation segment in global air traffic control.
The market is divided into three categories based on airport size: small, medium, and large. The large segment is expected to be the fastest-growing market segment during the forecast period. This expansion can be attributed to the increasing demand for the installation of advanced security systems in airports, as well as the demand for system customization around the world. The medium segment, on the other hand, was the largest.
Increased demand for airport ground support services will propel the ATCT segment. The market is divided into four categories based on airspace management: Air Route Traffic Control Centers (ARTCC), Terminal Radar Approach Control (TRACON), Air Traffic Control Tower (ATCT), and Remote Tower (RT). The air traffic control tower (ATCT) segment is expected to be the market's fastest-growing segment during the forecast period. This expansion is attributed to increasing airport fleets and ground support systems at airports, with the ARTCC segment being the largest.
MARKET KEY PLAYER
Indra Sistemas SA, Leonardo S.p.A, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Sky Soft-ATM, Thales Group, Adacel Technologies Limited, BAE Systems, Frequentis AG, and other players.
KEY MARKET SEGMENTATION:
By Airport Size:
Large
Medium
Small
By Airspace:
ARTCC
TRACON
ATCT
RT
By Application:
Communication
Navigation
Surveillance
Automation
By Offering:
Hardware
Software
Services
By Sector:
Commercial
Military & Defense
REGIONAL ANALYSIS
From 2023 to 2030, the Middle East air traffic control market is expected to grow at the fastest CAGR. This expansion is primarily due to the modernization of airport infrastructure, which has led to increased procurement of air traffic control equipment to streamline flight operations. Increased passenger traffic through the Middle East region has increased demand for air traffic services.
The UAE is a major contributor to the Middle East market's growth. Given the number of airports and rising passenger traffic, the country leads the global market. In addition, the construction of a new airport in the countries under consideration for the study is important because new airports will necessitate the installation of a control tower. These control towers will be outfitted with all the latest systems.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 11.04 Billion |
| Market Size by 2030 | US$ 16.07 Billion |
| CAGR | CAGR of 4.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Airport Size (Large, Medium, and Small) • By Airspace (ARTCC, TRACON, ATCT, RT) • By Application (Communication, Navigation, Surveillance, Automation) • By Offering (Hardware, Software, Services) • By Sector (Commercial, and Military & Defense) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Indra Sistemas SA, Leonardo S.p.A, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, Sky Soft-ATM, Thales Group, Adacel Technologies Limited, BAE Systems, Frequentis AG, and other players. |
| DRIVERS | • The growing need to modernize existing airports and build new facilities is expected to drive the Air Traffic Control market. |
| RESTRAINTS | • an increase in the number of airports, the need for improved airspace management systems, and an increase in the number of passengers • The possibility of a cyber attack, the high cost of ATC systems, and the adoption of satellite-based air-traffic control systems all have a significant impact on the market. |
Financial, Products/ Services Offered, SWOT Analysis, The SNS view.
The possibility of a Cyber-attack, the high cost of ATC systems, and the adoption of satellite-based air-traffic control systems all have a significant impact on the market.
The Middle East air traffic control market is expected to grow at the fastest CAGR.
And The UAE is a major contributor to the Middle East market's growth.
According to SNS insiders, the global market size was USD 10.54 billion in 2021 and is expected to reach USD 14.63 billion by 2028
The United States Navy has awarded BAE System Plc a multi-year USD 65.7 million contract.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Air Traffic Control Market, by Airport Size
8.1 Large
8.2 Medium
8.3 Small
9.Air Traffic Control Market, by Airspace
9.1 ARTCC
9.2 TRACON
9.3 ATCT
9.4 RT
10.Air Traffic Control Market, by Application
10.1 Communication
10.2 Navigation
10.3 Surveillance
10.4 Automation
11.Air Traffic Control Market, by Offering
11.1 Hardware
11.2 Software
11.3 Services
12.Air Traffic Control Market, by Sector
12.1 Commercial
12.2 Military & Defense
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14.Company Profiles
14.1 Honeywell
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 BAE Systems
14.3 Harris
14.4 Raytheon Technologies
14.5 Saab AB
14.6 Thales Group
14.7 Northrop Grumman
14.8 Indra Sistemas
14.9 ANPC
14.10 Comsoft Solution
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
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Step 4: QA/QC Process
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