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Air Traffic Control Market worth $23.14 billion by 2030, growing at a CAGR of 8.67% - Exclusive Report by 360iResearch

03-13-2024 07:28 AM CET | Logistics & Transport

Press release from: 360iResearch

Air Traffic Control Market | 360iResearch

Air Traffic Control Market | 360iResearch

The "Air Traffic Control Market (ATC) by Airspace (Aeronautical Information Management, Air Traffic Flow Management, Air Traffic Services), Component (Hardware, Software), Airport Class, Investment, Application, End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Air Traffic Control Market to grow from USD 12.93 billion in 2023 to USD 23.14 billion by 2030, at a CAGR of 8.67%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/air-traffic-control?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Air traffic control (ATC) entails a network of systems and services dedicated to managing and directing the movement of aircraft both on the ground and during flight. The primary objective of ATC is to organize and expedite the flow of air traffic, prevent collisions, and provide information and other support for pilots during both visual and instrument flight conditions. This service is essential in maintaining orderly and efficient traffic flow, minimizing delays, and ensuring safety in the skies. The air traffic control market primarily serves civil aviation bodies, military units, and private sector stakeholders, with applications in airport tower control, en-route control, and ground control. The market thrives on the burgeoning aviation industry, with rising passenger traffic and increased air cargo demand. Investments in airport infrastructure modernization, coupled with the integration of artificial intelligence and automation, are further propelling market growth. Despite the strong growth prospects, the air traffic control market faces challenges owing to the High costs and complexity associated with the deployment and maintenance of ATC systems. Moreover, stringent regulatory frameworks, safety compliance requirements, and the need for sophisticated cybersecurity measures to protect sensitive flight data further complicate market progression. However, the shift towards satellite-based navigation and NextGen ATC systems offers potential for enhanced efficiency and capacity improvements, while the increasing use of unmanned aircraft systems (UAS) opens new avenues for ATC advancements, providing lucrative scope for the air traffic control market growth.

In the Americas, the air traffic control market is experiencing steady growth, attributed mainly to the modernization of existing infrastructure and increased air traffic due to a rebound in aviation activities post-pandemic. Countries such as the United States and Canada are contributing majorly with significant investments in the next generation air transportation system (NextGen) and new technologies, including remote towers and advanced communication systems. The EMEA region is witnessing a robust expansion of the air traffic control market, fueled by the growing number of airports and air traffic in both passenger and freight services. The market is also receiving impetus from the adoption of the Single European Sky ATM Research (SESAR) program designed to enhance ATC efficiency across Europe. Moreover, the Middle East is prominently investing in ATC system advancements in preparation for major events, including the World Expo and the FIFA World Cup. APAC is expected to experience the fastest growth in the air traffic control market, driven largely by rapid economic development, increasing urbanization, and burgeoning air passenger traffic, particularly in countries such as China and India. The region is investing substantially in building new airports and upgrading existing ATC infrastructure to cater to burgeoning demand. Additionally, innovative technologies such as satellite-based navigation systems are gaining traction in the region.

Market Segmentation & Coverage:

This research report categorizes the Air Traffic Control Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Airspace, market is studied across Aeronautical Information Management, Air Traffic Flow Management, Air Traffic Services, and Airspace Management. The Air Traffic Services is further studied across Air Traffic Control Services, Alerting Services, and Flight Information Services. The Air Traffic Flow Management commanded largest market share of 33.08% in 2023, followed by Aeronautical Information Management.

Based on Component, market is studied across Hardware and Software. The Software is further studied across Air Traffic Control Automation System, Data Link Server, Flight Data Processing System, Itower Advance Automation Services, Obstacle Surface Planner, and Surveillance Data Processing. The Hardware commanded largest market share of 75.73% in 2023, followed by Software.

Based on Airport Class, market is studied across Class A, Class B, and Class C. The Class A commanded largest market share of 58.97% in 2023, followed by Class B.

Based on Investment, market is studied across Brownfield and Greenfield. The Brownfield commanded largest market share of 60.55% in 2023, followed by Greenfield.

Based on Application, market is studied across Automation, Communication, Navigation, Simulation, and Surveillance. The Communication commanded largest market share of 37.20% in 2023, followed by Navigation.

Based on End User, market is studied across Civil & Commercial and Military & Defense. The Civil & Commercial commanded largest market share of 68.53% in 2023, followed by Military & Defense.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 41.19% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Air Traffic Control Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Air Traffic Control Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Air Traffic Control Market, highlighting leading vendors and their innovative profiles. These include ACAMS AS, Adacel Technologies Limited, Air Navigation Solutions Ltd., ALTYS Technologies, ARTISYS, s.r.o., Avinor AS, BAE Systems PLC, Collins Aerospace, DFS Deutsche Flugsicherung GmbH, Frequentis AG, Honeywell International Inc., Huber+Suhner AG, Intelcan Technosystems Inc., L3harris Technologies, Inc., Leonardo Group by Indra Sistemas, S.A., Midwest Air Traffic Control Service, Inc., NATS Limited, Nav Canada, Northrop Grumman Corporation,, Raytheon Technologies Corporation, Saab AB, Saipher ATC, Serco Group Plc, SkySoft-ATM, and Thales Group.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Air Traffic Control Market, by Airspace
7. Air Traffic Control Market, by Component
8. Air Traffic Control Market, by Airport Class
9. Air Traffic Control Market, by Investment
10. Air Traffic Control Market, by Application
11. Air Traffic Control Market, by End User
12. Americas Air Traffic Control Market
13. Asia-Pacific Air Traffic Control Market
14. Europe, Middle East & Africa Air Traffic Control Market
15. Competitive Landscape
16. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Air Traffic Control Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Air Traffic Control Market?
3. What is the competitive strategic window for opportunities in the Air Traffic Control Market?
4. What are the technology trends and regulatory frameworks in the Air Traffic Control Market?
5. What is the market share of the leading vendors in the Air Traffic Control Market?
6. What modes and strategic moves are considered suitable for entering the Air Traffic Control Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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