Global Air Traffic Control Market size was valued at US$ 10.21 Bn in 2021 and the total revenue is expected to grow at 5.20% through 2022 to 2029, reaching nearly US$ 15.31 Bn.
Air Traffic Control Market Overview:
The report analyses the global Air Traffic Control market in depth, accurately, and comprehensively, with a focus on market dynamics, market competition, regional growth, segmental analysis, and important growth plans. The analysis contains information on market growth as well as market segmentation like regions, product type, application, and end-use industry. Experts create comprehensive and precise marketing research reports using the most up-to-date Air Traffic Control Market research techniques and technology. This analysis covers a wide range of industry verticals as well as a thorough examination of the Air Traffic Control market size and share.
Market Scope:
The report covers depth analysis of demand projections, market trends, and micro and macro variables. This research also identifies the factors that are driving and restricting the market's growth. The research's MMR Matrix provides existing and new market participants with information on potential investment opportunities. The research uses analytical methodologies such as Porter's five forces analysis and PESTLE of the Air Traffic Control market to provide market insights. In addition, the research examines current market trends as well as forecasts for the years 2022-2029. The analysis also identified key upcoming developments that will influence demand over the forecasted period.
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Dynamics :
Worldwide aviation traffic is increasing as a result of the tremendous growth of tourism. Because flying saves time, more people choose to go by plane, hence the market is improving. According to the International Civil Aviation Organization, 400 commercial aircraft depart each hour from locations all over the world. This figure is anticipated to increase in the coming years as air travel becomes more and more popular. The market is growing as a result of the rising demand for air traffic control systems as a way to lessen catastrophes and plane crashes.
Segmentation:
The market for air traffic control is divided into four categories: automation, communication, navigation, and surveillance. During the anticipated period, the automation segment in the air traffic control market is anticipated to expand at a higher CAGR of 6.8%. It is expanding quickly as airports and air traffic controllers practise, and the usage of remote towers has grown significantly. Therefore, during the forecast period, this key factor will propel the growth of the automation sector in the worldwide air traffic control market.
Key Players:
To identify the market's leaders and predict market revenue, both primary and secondary research are performed. CEOs, marketing executives, and seasoned front-line employees are just a few of the influential thought leaders and subject matter experts who are included in the main study's in-depth interviews. As part of the primary research, extensive interviews with important thought leaders and business professionals, such as CEOs, marketing executives, and seasoned front-line staff, were conducted. As part of the secondary research, a review of the annual and financial reports of the major manufacturers was also done. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The ## market is dominated by the following businesses:
- • Advanced Navigation & Positioning Corporation Inc.
• The Aeronav Group
• BAE Systems plc.
• Becker Avionics Inc.
• Cobham Plc.
• Frequentis AG
• Global Eagle Entertainment Inc.
• Indra Sistemas S. A.
• Intelcan Technosystems, Inc.
• Kongsberg Geospatial
• L3Harris Technologies, Inc.
• Lockheed Martin Corporation
• Northrop Grumman Corp.
• Raytheon Company
• Searidge Technologies, Inc.
• Sierra Nevada Corporation
• Telephonics Corp.
• Thales Group
• Honeywell Inc.
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Regional Analysis:
The regional overview of market research for Air Traffic Control also discusses key market-influencing elements and legal developments that have an impact on current and future market trends. Current and upcoming trends are investigated in order to evaluate the whole market potential and find lucrative patterns in order to establish a better footing. The basis for evaluating the regional market is the current environment and expected trends.
COVID-19 Impact Analysis on Air Traffic Control Market:
Owing to a halt in operations, the growth of end-user industries using Air Traffic Control decreased from January 2020 to May 2020. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. As a result, the market for Air Traffic Control manufacturers as well as the profits of companies operating in these industries both experienced a sharp decline. This had an impact on the market's expansion in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business need for Air Traffic Control has been severely decreased.
Key Questions Answered in the Air Traffic Control Market Report are:
- Which market segment accounted for the most percentage of Air Traffic Control in 2021?
- How competitive is the market environment?
- What are the primary factors influencing the Air Traffic Control market's growth?
- Which region dominates the Air Traffic Control market in terms of market share?
- What is the expected market CAGR from 2022 to 2029?
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