Global Aircraft Traffic Control Market: Key Highlights
Global Aircraft Traffic Control Market: Key Market Dynamics
Global Aircraft Traffic Control Market: Regional Overview
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.
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 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 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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