QYR Consulting has released a new report on the global air traffic control market, titled “Air Traffic Control (ATC) Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025.” As per the findings included in the report, the global air traffic control market is projected to touch a value of US$26.1 Bn by 2025, growing at a moderate CAGR of 5.1% during the forecast period 2019-2025. In 2018, the global market value reached US$18.3 Bn. Increasing need to avoid air traffic congestion that leads to flight delays and inefficient fuel usage per flight operation is expected to promote the demand in the global air traffic control market. Most importantly, air traffic control helps to cut down the risk of mid-air collisions of aircrafts.
Communication System to Show Remarkable Growth among Product Type Segments
On the basis of application, the global air traffic control market is segmented into commercial and defense. The report also includes comprehensive segmental analysis of product type segments such as navigation system, surveillance system, and communication system. Among product type segments, communication system is expected to collect a leading share of the global air traffic control market due to the need to maintain effective and clear communication between ground control operators and pilots. Launch of advanced communication systems that help to efficiently manage air traffic could further contribute to the growth of this product type segment.
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North America to Lead Global Market with High Use of Air Traffic Control Equipment
North America is anticipated to become a larger air traffic control market in the coming years. This could be due to increased deployment of air traffic control systems and presence of a significant number of airports in the US and Canada. Asia Pacific could show quicker growth in the global air traffic control market as it rides on opportunities created as a result of airport infrastructure modernization and implementation of strict regulations and policies in the aviation industry. Other factors such as growth in the frequency of business and recreational air travels are expected to add to the growth of Asia Pacific in the global air traffic control market.
The report provides deep company profiling of popular players operating in the global air traffic control market such as Lockheed Martin, Frequentis AG, Northrop Grumman, Telephonics Corporation, Thales, Sierra Nevada Corp, Raytheon, Honeywell International, Harris, BAE Systems, and Indra.
Increase in Business and Recreational International Air Travel to Augment Demand
The global air traffic control market is likely to gain growth on the back of increasing number of air travels and high dependency on aircrafts for making international trips. High use of defense and military aircrafts for training and other purposes could be another significant factor increasing the requirement for efficient air traffic control and management. Growing investments in air traffic control technologies to improve the management of airspaces are predicted to create rewarding market growth opportunities for players. According to market analysts, expensive maintenance cost of air traffic control systems could be one of the restraints of the global market.
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