Air Traffic Control Market Soaring into the Future: Navigating Skies Beyond 2030


Posted February 26, 2024 by heenammr

Air Traffic Control Market size was valued at US$ 10.74 Bn in 2022 and the total revenue is expected to grow at a CAGR of 5.20% through 2023 to 2029, reaching nearly US$ 15.31 Bn. by 2029.
 
Air traffic control Market Overview :

Gaining a better understanding of the competitive environment in the industry may be achieved by reading the most recent Air traffic control Market industry Analysis from Maximize Market Research. The study looks at the market from both a fundamental and in-depth perspective, accounting for a wide range of extraneous aspects that can give readers valuable business insights. The study examines the market's tangible and immaterial facets, which may provide readers with insightful business information. A value chain analysis and a market overview with details on applications, market size, and projections from 2024 to 2030 are also included in the study. The study will be utilized to produce a more precise assessment of the global market for flavour enhancers in the not-too-distant future.

Air Traffic Control Market size was valued at US$ 10.74 Bn in 2022 and the total revenue is expected to grow at a CAGR of 5.20% through 2023 to 2029, reaching nearly US$ 15.31 Bn. by 2029.

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Air traffic control Market Dynamics :

Tourism is growing at a rapid rate, which is driving up air traffic all around the world. Passengers prefer to go by plane since it saves time, so the market is looking up. As per the International Civil Aviation Organization, approximately 400 commercial airplane depart per hour around the world. With the increased popularity of air travel, this number is expected to rise in the future. Air traffic control systems are in high demand as a means of reducing plane crashes and tragedies, which is propelling the market forward.

Many emerging nations are planning to build additional airports to improve air travel within and across their borders. For example, as part of Prime Minister Narendra Modi's aim to make India a $5 trillion economy by the end of 2025, India plans to open 100 new airports by the end of 2024. This will consequently result in increased demand for air traffic control systems, increasing the market's growth.

Air traffic control Market Segmentation :

by Airspace

1. AIR ROUTE TRAFFIC CONTROL CENTERS (ARTCC)
2. TERMINAL RADAR APPROACH CONTROL (TRACON)
3. AIR TRAFFIC CONTROL TOWER (ATCT)
4. REMOTE TOWER (RT)

The air traffic control market is divided into four segments: AIR ROUTE TRAFFIC CONTROL CENTRES (ARTCC), TERMINAL RADAR APPROACH CONTROL (TRACON), REMOTE TOWER (RT), and AIR TRAFFIC CONTROL TOWER (ATCT) based on the airspace. In terms of worldwide air traffic control, the air traffic control tower (ATCT) category had the most market share in 2022—xxx%. Since there are more ATCT towers in every nation than in any other, the ATCT segment has a higher proportion than other airspace segments. ATCT has a higher market share since it also possesses important equipment. For instance, in order to increase air traffic efficiency, North America and Europe are making significant investments in equipment modernization, which is growing the industry through brownfield investment.

by Application

1. Communication
2. Navigation
3. Surveillance
4. Automation

by Offerings

1. Hardware
2. Software & Solutions
3. Services

by Investment Type

1. Brownfield
2. Greenfield

by Airport Size

1. Large
2. Medium
3. Small

by Sector

1. Commercial
2. Defense

The air traffic control market is divided into four segments: automation, navigation, surveillance, and communication. In the air traffic control market, the automation category is anticipated to expand at a faster CAGR of 6.8% over the course of the projected period. The industry is expanding quickly due to the growing usage of remote towers and the simulations conducted by airports and air traffic controllers. Thus, during the projected period, this significant aspect would propel the growth of the automation sector in the worldwide air traffic control market.

Table of Content: Air traffic control Market

Part 01: Executive Summary

Part 02: Scope of the Air traffic control Market Report

Part 03: Global Air traffic control Market Landscape

Part 04: Global Air traffic control Market Sizing

Part 05: Global Air traffic control Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Air traffic control Market Key Players :

The demand, sales, revenue, service providers, manufacturers of high-quality products, global rivals in the flavour enhancer industry, and emerging businesses are all covered in the section that follows. This examination looks at the import-export, price structure, capacity utilisation, value chain, and raw material sources. The following individuals are highlighted in this report:

1. Advanced Navigation & Positioning Corporation Inc.
2. The Aeronav Group
3. BAE Systems plc.
4. Becker Avionics Inc.
5. Cobham Plc.
6. Frequentis AG
7. Global Eagle Entertainment Inc.
8. Indra Sistemas S. A.
9. Intelcan Technosystems, Inc.
10. Kongsberg Geospatial
11. L3Harris Technologies, Inc.
12. Lockheed Martin Corporation
13. Northrop Grumman Corp.
14. Raytheon Company
15. Searidge Technologies, Inc.
16. Sierra Nevada Corporation
17. Telephonics Corp.
18. Thales Group
19. Honeywell Inc.

Air traffic control Market Regional Insights :

In addition to taking into account a variety of commodities, applications, end users, and nations, the study provides in-depth understanding of a wide range of development opportunities and difficulties in the previously mentioned regions. A number of other issues pertaining to the virtual reality camera market are also included in the study, such as future growth, product and pricing analysis, expansion, and fixes for specific issues.

Sample Request For Air traffic control Market : https://www.maximizemarketresearch.com/request-sample/122538

COVID-19 Impact Analysis on Air traffic control Market :

worldwide public health emergency Nearly all business types have been impacted by COVID-19, and over time, these effects will probably have an effect on industry growth. Our present study builds on our research methodology by taking into account both key COVID-19 problems and possible future measures. The study considers changes in consumer demand and behaviour, purchasing patterns, the dynamics of the market forces at work, and notable government actions in order to evaluate COVID-19. The new research provides market insights, analysis, estimations, and predictions based on the COVID-19 effects.

Key Questions Answered in the Air traffic control Market Report are:

Who are the key players in the Air traffic control Market industry?
In terms of the region, what is the potential market for Air traffic control Market ?
In the next five years, which application area of Air traffic control Market is likely to develop at a substantial rate in the market?
What opportunities do new market entrants have?
How big will the Air traffic control Market be in 2030?
What are the Driveline Markets growth prospects?
In the Air traffic control Market report, what year is considered the base year?
In the Air traffic control Market which region has the biggest market share?
What elements do you think will drive the Air traffic control Market ?
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Issued By heena
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Business Address MAXIMIZE MARKET RESEARCH PVT. LTD.
MAXIMIZE MARKET RESEARCH PVT. LTD.
Country India
Categories Electronics , Food , Manufacturing
Tags air traffic control market forecast , air traffic control market share , air traffic control market challenges
Last Updated February 26, 2024