AIRCRAFT TRAFFIC CONTROL MARKET TO REACH USD 89.5 BILLION BY 2027 | CAGR 11.6% – FORENCIS RESEARCH

Aircraft Traffic Control Market Size, Share, Trends, Growth, Analysis, Research

Global Aircraft Traffic Control Market: Key Highlights

  • According to the new market research report Aircraft Traffic Control Market by Component (Hardware Software), by division (Air Traffic Control System Command Centre, Air Route Traffic Control Centre, Terminal Radar Approach Control, Air Traffic Control Tower, Flight Service Station), by Aircraft Type (Single Aisle Aircraft, Twin Aisle Aircraft, Business and General Aviation, Others), by Application (Navigation, Communication, Surveillance), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast (2019 to 2027)”, the global aircraft traffic control market is estimated to reach USD 89.5 Billion by 2027 at a CAGR of around 11.6% during the review period.
  • Increasing aircraft traffic, adoption of technologically advanced systems, and demand for efficient airspace management are few key factors among others driving the demand for aircraft traffic control.
  • However, high upfront cost remains a major restraining factor for the growth of the aircraft traffic control market.

Aircraft Traffic Control Market

Global Aircraft Traffic Control Market: Key Market Dynamics

  • Growing adoption of automation in air traffic control is expected to drive the market of aircraft traffic control as the digital and automated processes improves the overall efficiency of the airport.  
  • Increasing demand for better airspace management is expected to drive the market as the managing of the airspace enhances flexibility of the whole system.
  • High cost is expected to restrain the market as the wide range of devices are the part of this system and the cost incurred in setting them up is very high.
  • Remote Virtual Tower Technology is expected to rise the market in near future as these will be installed in a centralized area controlling more than one airport. 

Global Aircraft Traffic Control Market: Regional Overview

  • Asia-Pacific

The aircraft traffic control market in Asia Pacific is expected to grow with the fastest growth rate. Due to growing air traffic, huge population, flourishing middle class, and affordable air fares are few factors contributing in growth of aviation industry in Asia-Pacific. According to International Civil Aviation Organization, Asia Pacific has 30% of the global share in revenue passenger-kilometers, that is second largest in the international market, and have largest domestic market in the world with 42% traffic share.     

  • Europe

Owing to increased air traffic in the region and the increasing investment in the air traffic control in Europe, the demand for aircraft traffic control is predicted to increase. According to the report issued by European Court of Auditors, in 2018 the European air traffic observed 11 million flights which is a record high number and in 2019 the European airports registered record 2.43 billon passengers. In addition, in 2019, the International Air Transport Association (IATA) asked Greece to invest approximately USD 20.3 billion to improve the air traffic management.

Global Aircraft Traffic Control Market: Key Players Overview

  • Thales Group:

Thales Group is a France- based multinational company engaged in the production of electrical systems and services for aerospace and defense sector. The product portfolio of the firm is categorized as defense and security, digital identity and security, aerospace, space, transportation and market-specific solutions. The company have various solutions for air traffic control under TopSky- ATM Solutions category. In February 2020, Federal Aviation Administration (FAA) gave Thales contract to supply secondary surveillance radars for the Mode S Beacon Replacement System (MSBRS), these radars support Air Traffic Control (ATC) in all traffic scenarios.  

  • Rohde & Schwarz:

Rohde & Schwarz is a German-based global company engaged in the production of various electronic goods for industrial usage and for government customers. The company engages in the provision of the products which deals in test and measurement, aerospace defense security, broadcast and media, and cybersecurity markets. The company caters aerospace solution under that they have civil air traffic control and military air traffic control solutions. In 2018, the firm launched new direction finding system for air traffic control applications that improves the air traffic safety and air traffic controller productivity.    

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Rep Id : AnD 071

Published : 2020-03-04