Air Traffic Control Market By Solution (Software, Hardware), By Sector (Defense, Commercial) By Application (Navigation, Automation, Communication, Surveillance).
GLOBAL AIR TRAFFIC CONTROL MARKET 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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The rise in the number of airports across the globe
High production and maintenance cost
Growing commercial aviation industry
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
Regulatory bodies, policy actors, and consumers.
Key Market Players
Lockheed Martin Corporation
Northrop Grumman Corporation
Indra Sistemas, S.A.
Honeywell International Inc.
Searidge Technologies Inc.
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