Air Traffic Control Market, By Type (Communication equipment, Navigation equipment, Surveillance equipment), By End user (Commercial Aircrafts, Private Aircrafts, Military Aircrafts), By Region (North America, Europe, Asia Pacific, Rest of the World (RoW)) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Air traffic control is an essential service offered by ground-based air traffic managers who direct aircraft in controlled airspace and over the air surface, and also offer advisory services for other aircraft in unassigned airspace. Air traffic control requires knowledge of all aspects of air navigation and their use and knowledge of airport operations, but may also include hazard communication, traffic analysis, weather observations and forecast, media communications and weather applications.
Initiative to boost the aviation sector post Covid-19 is expected to propel growth of the global air traffic control market over the forecast period. For instance, in September 2021, Airports Council International (ACI) laid out a roadmap for the recovery of the airport sector and wider aviation ecosystem from the devastating impact of the COVID-19 pandemic.
Moreover, recovery in domestic passenger traffic is also expected to aid in growth of the market. For instance, according to ICRA Limited, an independent and professional investment information and credit rating agency, the Indian aviation industry witnessed a recovery in domestic passenger traffic in August 2021, with a sequential growth (over July 2021) of 25 per cent to 26 lakh passengers.
Launch of air traffic control services is expected to propel growth of the global air traffic control market over the forecast period. For instance, in November 2021, NAV CANADA, a private, not-for-profit company, providing air traffic control, airport advisory services, weather briefings and aeronautical information services, introduced air traffic control service in at Red Deer Regional (CYQF) airport, Canada.
Key features of the study:
This report provides in-depth analysis of the global air traffic control market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global air traffic control market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BAE Systems plc, Raytheon Company, Harris Corporation, Searidge Technologies Inc., Cobham Plc, Thales Group, NavAero Inc., Northrop Grumman Corp, Indra Sistemas S.A., and Lockheed Martin Corp.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global air traffic control market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global air traffic control market
Global Air Traffic Control Market, By Type
Global Air Traffic Control Market, By End user
Global Air Traffic Control Market, By Region
Rest of the World (RoW)
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