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The Global Air Traffic Control Market is expected to grow at a CAGR of around 5% from 2021 to 2028 and expected to reach the market value of around USD 14.0 Billion by 2028.
In the coming years, Europe will dominate the Air Traffic Control market by capturing a sizable share. European Cockpit Association (ECA) has representation on the relevant institutional bodies (the European Commission, EUROCONTROL, and EASA) that make decisions or have influence over future Air Traffic Management (ATM) systems. ECA is also represented in technical working groups that include many EUROCONTROL Teams (Network Operations Team, Airport Operations Team, and others). Furthermore, it contributes to a number of relevant projects, including Wake Net 3 and SESAR (Single European Sky ATM Research), one of the largest European research projects ever undertaken. Such factors are responsible for regional growth, which in turn contributes to overall market growth in air traffic control.
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Asia Pacific, on the other hand, is expected to have the fastest growing CAGR in the air traffic control market. According to the BRIDGING SKIES report, the International Civil Aviation Organization (ICAO) estimates that air traffic in the APAC region will triple by 2030. Singapore is the major APAC country responsible for the adoption of robust ATM transformation. As the major air hub for the APAC region, Singapore recognizes the importance of being an early adopter of diverse ATM changes that meet the increasing demand for capacity. To meet demand and manage the complexities associated with increased air traffic in Singapore and other regions, the Civil Aviation Authority of Singapore (CAAS) has embarked on a program to transform Singapore’s ATM capabilities and create a self-sustaining ATM ecosystem in Singapore. Such factors contribute to the tremendous growth of air traffic control in the Asia Pacific region, ultimately contributing to the market’s overall growth.
COVID-19 impact on air traffic control market
The increasing integration of systems into daily operations is causing a significant shift in the way air traffic management is carried out. In the meantime, the current COVID-19 pandemic has caused unprecedented changes in the industry. In Europe, the situation was significantly worse than in other parts of the world. Following COVID, there is a paradigm shift in the situation, with air traffic worldwide slowing by nearly 90% compared to the same period last year. Many stakeholders have proposed newer technologies and automation as solutions to the capacity and delay issues that plagued air traffic management prior to the arrival of the pandemic. With influx of technologies and automation this trend is all set to continue till the forecast period.
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The global air traffic control market is segmented based on airspace, offering, application, investment, and sector. Based on airspace, the market is segmented as ARTCC, TRACON, ATCT, and Remote Tower. By application, the market is segmented as communication, navigation, surveillance, automation. By offering, the market is segmented as hardware, software and solutions, and services. By investment type, the market is bifurcated into Brownfield and Greenfield. Furthermore, sector is classified into commercial and defense.
CHAPTER 1. Industry Overview of Air Traffic Control
CHAPTER 3. Market Dynamics And Competition Analysis
CHAPTER 4. Air Traffic Control Market By Airspace
CHAPTER 5. Air Traffic Control Market Revenue By Offering
CHAPTER 6. Air Traffic Control Market By Investment Type
CHAPTER 7. Air Traffic Control Market By Application
CHAPTER 8. Air Traffic Control Market By Sector
CHAPTER 9. North America Air Traffic Control Market By Country
CHAPTER 10. Europe Air Traffic Control Market By Country
CHAPTER 11. Asia Pacific Air Traffic Control Market By Country
CHAPTER 12. Latin America Air Traffic Control Market By Country
CHAPTER 13. Middle East & Africa Air Traffic Control Market By Country
CHAPTER 14. Player Analysis Of Air Traffic Control
Some of the leading competitors are The Raytheon Company, BAE Systems plc, Thales Group, Indra Sistemas, S.A., Frequentis, Harris Corporation, Adacel, and among others
Some of the key observations regarding air traffic control industry include:
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