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Report explores the air traffic control market to hit US$ 58.9 billion by 2023

Automotive and Transportation Market Research

Air Traffic Control Market By Solution (Software, Hardware), By Sector (Defense, Commercial) By Application (Navigation, Automation, Communication, Surveillance).

GLOBAL AIR TRAFFIC CONTROL MARKET Make an Inquiry about this news was valued at USD 32.5 Billion in the year 2017. Global Air Traffic Control Market is further estimated to grow at a CAGR of 10.44% from 2018 to reach USD 58.9 Billion by the year 2023.

Europe region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, Germany is projected to grow strongly in the coming years.

Lockheed Martin Corporation (U.S.), Thales Group (France), Honeywell International Inc. (U.S.), Northrop Grumman Corporation (U.S.), Indra Sistemas, S.A.

(Spain), Cyrrus Limited (U.K.), Harris Corporation (U.S.), Leonardo S.P.A (Italy), Saipher ATC (Brazil), NATS Limited (U.K.), Searidge Technologies (U.S.), BAE Systems (U.K.), are some of the key players in the Global Air Traffic Control market. Rising research and development expenses to cater to changing demand of end users.

Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Drivers:

             The rise in the number of airports across the globe

Restraints:

             High production and maintenance cost

Opportunities:

            Growing commercial aviation industry

Challenges:

             Synchronizing and integrating traffic control system

The major shares of the market come from Communication type, by an application in Global Air Traffic Control Market. On the other hand, Commercial, by sector for this market is expected to grow at highest CAGR during the year 2018-2023.

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Key Benefits for Stakeholders

Air Traffic Control Manufacturers, Service & Solution Provider

Airlines & Airport Authorities

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Solution

Software

Hardware

By Sector

Defense

Commercial

By Application

Navigation

Automation

Communication

Surveillance

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Lockheed Martin Corporation

Northrop Grumman Corporation

Indra Sistemas, S.A.

Cyrrus Limited

Thales Group

Harris Corporation

Leonardo S.P.A

Saipher ATC

Honeywell International Inc.

NATS Limited

Searidge Technologies Inc.

BAE Systems

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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