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Air Traffic Control Market was valued at USD 9.1 billion in 2021 and is forecast to reach USD 13.8 billion in 2029, growing at a CAGR of 5.3% from 2022-2029
The factors driving the growth of Air Traffic Control Market includes increase in the air passenger traffic around the world, rise in the production of Unmanned Aerial Vehicles (UAV), construction of new airports, emerging need to reduce the burden on existing airspace management solutions and improvements in the living standards. As per the report published by International Civil Aviation Organization (ICAO), the total number of departures in 2018 were calculated around 37.8 million in 2018, showing an increase of 3.5% as compare the previous year, which will accelerate the Air Traffic Control (ATC) Market size in the approaching years. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT), rise in Government’s expenditure on enhancing airport infrastructure and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the, increasing investments by major players on research and development, strategic partnerships between key players, and growing disposable incomes, are further contributing towards the market growth.
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However, growth of Air Traffic Control Market is hindered owing to high cost of air traffic control systems.
The prominent players operating in the Air Traffic Control Market are Adacel Technologies LTd, Leonardo S.p.A, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems Plc, Honeywell International Inc., Indra Sistemas SA, Frequentis AG and Harris Technologies, Inc, among others.
Based on Airspace, the ATCT segment is predicted to grow at a significant CAGR during the forecast period
Growing concerns related to safety and technological advancements in air traffic control towers, are some of the factors responsible for the segment’s growth.
Based on Offering, the Software and solutions segment is projected to expand at a faster CAGR over the forecast period
Growing adoption of advanced technologies such as AI and IoT because it helps in reducing downtime, automatically updates flight plans, and provides real-time insights, are propelling growth of the segment.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
Presence of the leading players such as Honeywell International Inc., Raytheon Technologies Corporation and Harris Technologies, increasing ai9r passenger traffic, growing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Key Developments
In 2018, BAE Systems Inc, was awarded contract worth USD 72 million from the U.S. to deliver landing systems and air traffic control services to the U.S. Navy facilities and ships.
In 2018, Honeywell International Inc, entered into partnership with FlightAware, a flight tracking data company. This partnership provided real-time information customers of both the companies through data link position reports, air traffic control radar systems and other technologies.
Market Segmentation
Segmentation by Airspace
ARTCC
TRACON
ATCT
Remote Tower
Segmentation by Application
Communication
Voice communication and recorder systems
HF/UHF/VHF radio systems
Automatic terminal information systems
Controller-pilot data link communications (CPDLC)
Navigation
Instrument landing system (ILS)
Runway Status Light (RWSL)
Distance measuring equipment (DME)
VHF omnidirectional radio range (VOR)
Precision approach radar (PAR)
Surveillance
Primary surveillance radar (PSR)
Automatic dependent surveillance-broadcast (ADS-B) ground station
Wide area multilateration (WAM)
Secondary surveillance radar (SSR)
Automation
ATC simulation system
Automatic warning system
Electronic flight strip (EFS)
Digital Tower
Surveillance data processing system (SDPS)
Others
Segmentation by Offering
Hardware
Radars
Antennas
Cameras
Control tower console
Display system
Other devices
Software and solutions
Communications recording and management
Data gathering and alert systems
Incident management
Interfacing and integration
Platform and suits
Services
Maintenance
ANSPs
Segmentation by Investment
Brownfield
Greenfield
Segmentation by Airport Size
Large
Medium
Small
Segmentation by Sector
Commercial
Defense
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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Published on December 19, 2022
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