Impact of COVID-19 on the Air Traffic Control (ATC) Market is expected to exceed USD 16.3 billion by 2031, from USD 9.3 billion in 2021 at a CAGR of 5.7% in the YEARS come, i.e. 2021-31. Product presentation
New York, May 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Impact of COVID-19 on Air Traffic Control Market: Segmented: By Airspace, By Application, By Component, And Region – Global Analysis of the market size, share and trends for 2019-2021 and forecast to 2031” – https://www.reportlinker.com/p06272879/?utm_source=GNW
Air traffic control is an important service provided by ground air traffic controllers who assist the pilot in ensuring the safety of aircraft during take-off and landing operations. Air traffic control expedites the flow of air traffic and guides the pilot of different aircraft to avoid and prevent collision by providing useful information and support to pilots. Air traffic control also provides advisory services for uncontrolled airspace.
The global air traffic control (ATC) market is expected to project a notable CAGR of 5.7% in 2031.
The air traffic control market is expected to witness a steady increase owing to the increase in tourism. In a hectic lifestyle, passengers are choosing airplanes to reduce travel time, which is expected to boost the air traffic control market soon. The demand for air traffic control systems is increasing, to avoid and prevent aircraft collisions.
Global Air Traffic Control (ATC): Segments
ATCT Segment Expected to Grow with Highest CAGR in 2021-31
The global air traffic control (ATC) market is classified based on airspace into ARTCC, TRACON, ATCT, RT. The ATCT segment accounted for the largest market share in the global air traffic control (ATC) market owing to the widespread growing demand for more ATCT towers in several countries. The main factor contributing to the growth of this segment is that it ensures a safe and fast flow of air traffic within the premises of an airport.
Hardware Segment Expected to Grow with Highest CAGR in 2021-31
Based on component, the global air traffic control (ATC) market is fragmented into hardware, software, and services. The hardware segment is grabbing the largest market share due to its growing demand for communication, surveillance and navigation systems to avoid collisions and manage air traffic. The use of new and advanced equipment in the airport is in turn expected to increase product demand over the next few years.
Increase in air passenger traffic
Increasing disposable income and improving living standards of consumers are expected to accelerate the growth of the air traffic control industry. The rise in air passenger traffic due to globalization is expected to increase during the forecast period. Furthermore, the need for improved airspace management systems and an increasing number of airports across the globe is expected to create new growth opportunities for the market player over the forecast period.
Technological advances and implementation of the latest systems
In developing countries, technological advances such as advanced surface motion ground control systems, performance-based navigation, advanced integrated automation systems, and standard instrument departures were rapidly adopted in systems. air traffic control and are expected to accelerate the growth of the industry over the forecast period. Furthermore, the increasing adoption of satellite-based air traffic control systems is expected to create lucrative opportunities for the players operating in the global market over the forecast period.
Commodity price fluctuation
Cybersecurity is one of the major issues facing airports. Cyber threats to air traffic management are believed to have increased due to digitalization and technological advancements to hamper the growth of air traffic control. Also, factors such as high initial cost, lack of infrastructure, and lack of skilled personnel are severely hampering the growth of the industry.
Global Air Traffic Control (ATC): key players
Adacel Technologies Limited
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
Indra Systems Sa
Northrop Grumman Company
Raytheon Technologies Corporation
Other top players
Global Air Traffic Control (ATC): Regions
The global air traffic control (ATC) market is segmented on the basis of regional analysis into five major regions: North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The Asia-Pacific Digital Air Traffic Control (ATC) Market is expected to witness remarkable growth over the forecast period. Technological advancements are expected to create huge demand for air traffic control during the forecast period. Some of the other factors that are supporting the growth of the Asia-Pacific air traffic control market include increasing air traffic and rising air passenger numbers.
Impact of Covid-19 on the Air Traffic Control (ATC) Market
During pandemics, the construction of new airports around the world has been halted. Due to increasing cases of Covid-19 patients, different countries have shut down their international and domestic flights and shut down their air traffic control facilities. Various manufacturing activities are interrupted due to a limited supply of components.
Global Air Traffic Control (ATC) is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
The Global Air Traffic Control (ATC) report also contains analysis on:
Air Traffic Control (ATC) Segments:
Air Traffic Control (ATC) Dynamics
Air Traffic Control (ATC) Size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and segmentation of the Air Traffic Control (ATC) Market Report
Report attribute details
The value of the market size in 2021 9.3 billion USD
Revenue forecast in 2031 16.3 billion USD
CAGR growth rate of 5.7% from 2021 to 2031
The base year for the 2020 estimate
Quantitative Units Revenue in USD Million and CAGR from 2021 to 2030
Report Coverage Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Outlook source, application, packaging, end user and region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Key Companies Featured Adacel Technologies Limited, Bae Systems, Frequentis Ag, Indra Sistemas Sa, Leonardo SPA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab Ab, Skysoft-Atm, Thales Group and Other Important Players
Read the full report: https://www.reportlinker.com/p06272879/?utm_source=GNW
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