Report Id: SNS/A&D/1875 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Air Traffic Control Market Size was valued at USD 10.54 billion in 2021 and US$ 11.04 billion in 2022, expected to reach USD 14.63 billion by 2028, and grow at a CAGR of 4.8% over the forecast period 2022-2028.
The Air Traffic Control Market report provides the current market size, defines trends, and forecasts growth to 2028. 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.
The growing need to modernize existing airports and build new facilities is expected to drive the Air Traffic Control market.
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.
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, and Thales Group, Adacel Technologies Limited, BAE Systems, Frequentis AG, and other players.
KEY MARKET SEGMENTATION:
by Airport Size:
Military & Defense
From 2022 to 2028, 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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 10.54 Billion|
|Market Size by 2028||US$ 14.63 Billion|
|CAGR||CAGR of 4.8% From 2022 to 2028|
|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, and 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.
Frequently Asked Questions (FAQ) :
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Air Traffic Control Market, by Airport Size
9.Air Traffic Control Market, by Airspace
10.Air Traffic Control Market, by Application
11.Air Traffic Control Market, by Offering
12.Air Traffic Control Market, by Sector
12.2 Military & Defense
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 BAE Systems
14.4 Raytheon Technologies
14.5 Saab AB
14.6 Thales Group
14.7 Northrop Grumman
14.8 Indra Sistemas
14.10 Comsoft Solution
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
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