Air Traffic Control (ATC) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Air Traffic Control (ATC) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Air Traffic Control Market

The Air Traffic Control market size was valued at USD 8.90 billion in 2023, and the market is now projected to grow to USD 18.04 billion by 2032, exhibiting a CAGR of 7.80% during the forecast period of 2024-2032.

The worldwide air traffic control market growth proceeds to be incredibly affected by operational changes initiated by the COVID-19 widespread. As air traffic management (ATM) centers on adjusting framework capacity with request, numerous features of ATM and framework operations more broadly were subjected to sensational changes that go astray from pre-pandemic strategies. Since the begin of the COVID-19 widespread when discuss travel got to be one of the primary transport modes to be affected by lockdown methods and travel limitations.

AI is broadly utilized in optimizing air activity control forms. ATC hardware and frameworks suppliers are centering on AI-based arrangements for airplane terminals. The European Association for the Security of Air Route, known as EUROCONTROL, is a worldwide organization centering on secure and consistent discuss activity administration in European nations. AI has ended up an indispensably portion of EUROCONTROL. AI is utilized in exploring air ship, foreseeing discuss activity and disentangling the ground-level handle. In this way, within the following few a long time, the execution of AI in ATC will be a favored alternative at airports for operations optimization.

The developing commercial aviation domain and the rising inclination of individuals towards discuss travel over the globe are variables anticipated to boost the development for the showcase amid the estimate period. Agreeing to the Worldwide Air Transport Affiliation, an extra 44% of discuss traveler activity is anticipated to come from China and India within the following ten a long time. Additionally, Asia Pacific is anticipated to be the fastest-growing locale for air traveler travel within the following ten a long time. Airport specialists are updating its routine ATC gear frameworks to a programmed framework to progress the by and large productivity of flight voyages and minimize ground-based mishaps. In this way, this will impel the development of the market.

Comprehensive Analysis of Air Traffic Control Market

Hardware, software and services are the categorization done on the basis of point of sales among which, the software fragment with increasing demand for artificial intelligence to sky rocket the market demand.

Automation, communication, surveillance and navigation are the applications of the air traffic control market, of all the application, the automation to play a major role in the market growth. The three parts of the market divided on the analysis of airport size are namely small, medium and large. Lastly on the analysis of air space, the market-pool is sectioned as Remote Tower (RT), Air Route Traffic Control Centers (ARTCC), Air Traffic Control Tower (ATCT) and Terminal Radar Approach Control (TRACON). The ATCT part is considered to be the fastest growing element of the air traffic control market.

The geographical area North America is evaluated to hold the biggest air traffic control market share of USD 3.15 billion in 2019 and is additionally anticipated to be the fastest-growing region amid the figure period. The region is anticipated to witness solid development within the advertise amid the figure period due to the nearness of major companies. In April 2020, the merger between Raytheon Company and United Technologies Corporation plays a pivotal part in giving superior advances to the airplane terminals and defense specialists. Hence, the region is expected to witness long-term development in this advertise.

The competition scene of the market portrays the mastery of remarkable players such as Indra Sistemas, S.A. (Japan), BAE Systems (U.S.), Raytheon Technologies (U.S.), Saab AB (Sweden), (U.S.), Westminister Group Plc. (U.K.), L3Harris Technologies Inc. (U.S.), Cyrrus Limited (U.K.) and Thales Group (France) these companies center on planning and creating progressed independent ATC advances and arrangements. In addition, the company is growing its geographic reach in Asian and Middle East nations within the close future.

Within the month of December 2019, Serco Group plc had an association with the Service of Transport for the expansion of its Discuss Activity Control Administrations, to proceed giving back for the General Company for Air Navigation Services (GCANS) at Baghdad Air terminal.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Historical Period 2016-2018

Unit Value (USD Billion)

By Point of SaleHardware

Software

Services

By AirspaceAir Route Traffic Control Centers (ARTCC)

Terminal Radar Approach Control (TRACON)

Air Traffic Control Tower (ATCT)

Remote Tower (RT)

By ApplicationCommunication

Navigation

Surveillance

Automation

By Airport SizeSmall

Medium

Large

By RegionNorth America (the U.S. and Canada)

Europe (the U.K., Germany, France, Russia and Rest of Europe)

Asia-Pacific (China, Japan, India, Australia, and Rest of Asia- Pacific)

The Middle East And Africa (Saudi Arabia, The UAE, and Rest of the Middle East and Africa)

Latin America (Brazil, Argentina, and Rest of Latin America)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.