According to the report titled ‘Air Traffic Control Market Size, By Component (Hardware [Communication, Surveillance, Navigation], Software, Services), By Centers (Air Route Traffic Control Center (ARTCC), Terminal Radar Approach Control (TRACON), Air Traffic Control Tower (ATCT), Flight Service Station (FSS)), By End-Use (Commercial, Defense), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027,’ available with MarketStudyReport, global air traffic control market is expected to accumulate huge returns during the period 2021-2027.
 

Increased focus on air traffic management, proliferation of the tourism industry, and inflowing investments for airport modernization are factors propelling the growth of global air traffic control market.

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Moreover, technological advancements in the ATC systems at a global level, and the soaring interest among companies to undertake strategies like systems innovations are further accelerating the progress of the industry.

Despite the positive outlook, huge initial costs of the setup, combined with rising cyber security threats are likely to hinder the market development in the forthcoming years.

Based on components, the hardware segment accounted for over 70% market share in the year 2020 and is estimated to rise gradually during the review period, backed by widespread incorporation of communication, navigation, and surveillance systems to manage traffic and minimize collision rate.

In terms of center, the air traffic control tower (ATCT) vertical of worldwide air traffic control industry is projected to expand at a notable pace during the projected timeline, owing to construction of large number of ATCT towers, particularly in developing countries.

Concerning the end-use ambit, the commercial segment is anticipated to grow at 5% CAGR through 2027, attributed to the huge influx of investments by government and private players towards enhancing the airport facilities and air traffic management systems.

From a regional standpoint, Latin America market is poised to rise at a considerable rate during the assessment period, because of the increasing number of airports and massive investments for improving the airport facilities across the region.

Major contenders influencing global air traffic control market trends are SkySoft-ATM, Adacel Technologies Holdings, NATS Holdings, Thales Group, Northrop Grumman Corporation, Bae Systems plc, SaaB AB, Frequentis AG, Raytheon Technologies Corp., Honeywell International Inc., Indra Sistemas S.A, NAV Canada, L3Harris Technologies Inc., Leonardo S.p.A, and Lockheed Martin Corporation among others.