Air Traffic Control Market 2021 Global Trend, Segmentation and Opportunities Forecast to 2027
Air Traffic Control Market size is projected to grow exponentially during the forecast period owing to the rising advancement in ATC systems.
Delaware , United States – August 9, 2021 /MarketersMedia/ —
The air traffic control market is estimated to showcase noteworthy growth in the coming years. Air traffic control (ATC) systems are designed for managing and guiding aircraft operators, and play a major role in organizing air traffic and avoiding unnecessary air collisions.
Rise in number of airports and air passengers has subsequently led to an increase in air traffic, stimulating the requirement for more efficient air traffic control systems. In 2021, ENAV, one of the leading air navigation service providers in Europe, initiated its “radar surveillance system” at the Antonio Canova airport to manage the volume of traffic expected to arrive and depart from the airport.
The global market is expected to exceed USD 10 billion by 2027, estimates Global Market Insights Inc.
Following are some prominent trends shaping the air traffic control market outlook:
New technological innovations
Companies specializing in air traffic control systems are emphasizing on novel product launches and strengthening their customer base by offering software solutions. In 2021, Indra Sistemas, a global technology and consulting company, upgraded its principal air traffic control centers in Spain with an aim to allow more flights to be managed in an environmental friendly manner. These centers will feature advanced capabilities to manage traffic with the highest levels of punctuality and safety, consequently improving passenger comfort. In addition to this, it will enable Spain’s air navigation manager, ENAIRE, to manage more flights with ease.
Some prominent firms in this sector include Frequentis AG, Raytheon Company, Nav Canada, L3Harris Technologies, Inc., Nats Holding, Northrop Grumman Corp., BAE Systems, Saab Ab, Leonardo S.P.A, Lockheed Martin Corporation, Adacel Technologies, Skysoft-Atm, Honeywell International Inc., and Thales Group.
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Rising investments in APAC
The air traffic control market of Asia Pacific is projected to witness a CAGR of over 7% over the next six years. Rising government investment increasing tourism, development of airport infrastructures, and increasing air traffic has majorly favored industry growth.
Highlighting an instance, in 2018, the government of India financed about USD 2.5 billion in the expansion of a greenfield international airport in Navi Mumbai. The airport is expected to be completed by 2032 in four phases. A part of the investment will be used to install advanced ATC systems at the airport for improvising communication between the pilot and the controller and for reducing the possibility of air collisions.
Influence of COVID-19 pandemic
The Covid19 pandemic has impacted the air traffic control market heavily owing to several travel restrictions imposed by nations worldwide. Lockdowns imposed by governments across countries like the U.S., UK and India have severely affected the global ATC market. However, as travel restrictions are steadily being eased along with large-scale vaccination drives, the ATC market is anticipated to gain momentum across several countries.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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