According to the recent research 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 projected to record an appreciable CAGR over 2021-2027.
 

Rising emphasis on modernization of systems and management of air traffic is driving global air traffic control market growth.
 

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Notably, air traffic control hardware and software components enable assistance for aircrafts during takeoff and landing, as well as travelling between airports.
 

Growing trend of using digitally advanced air traffic control systems has led to replacement of traditional air-ground link used to facilitate communication between satellites and planes. Furthermore, industry players are employing several strategies in order to support the future development of such systems, thus creating a potent ground for revenue generation.
 

Citing an instance, In May 2021, GomSpace A/S had been chosen by Indra Sistemas S.A., a global technology and consulting firm based in Spain, and Enaire, a Spanish air navigational service provider (ANSP) to deliver a large-scale development and demonstration project that included the launch of three dedicated in-orbit demonstration (IOD) nanosatellites.
 

Considering challenges, high initial investment for the setup, and cybersecurity threats to such systems are likely to restrain the industry expansion over the study period.
 

Based on component type, hardware segment held 70% of worldwide air traffic control market share in 2020, attributable to increasing need for surveillance, communication, and navigation systems to reduce collisions and effectively tackle traffic.
 

As per centers gamut, air traffic control tower (ATCT) segment share is predicted to observe notable growth over the next six years, due to escalating requirement for such towers in developing economies.
 

With respect to end-use scope, commercial segment is estimated to register 5% CAGR through 2027, creditable to rising investments by private and government agencies towards enhancing air traffic management systems and airport facilities.
 

Geographically, Latin America industry is projected to amass modest revenues over 2021-2027, owing to increasing number of airports, and rising investments for enhancing airport facilities in the region.
 

Leading organizations influencing global air traffic control market trends are BAE Systems plc, L3Harris Technologies Inc., SkySoft-ATM, Northrop Grumman Corporation, Thales Group, Saab AB, Raytheon Company, Nav Canada, NATS Holdings, Lockheed Martin Corporation, Leonardo S.p.A., Indra Sistemas S.A., Honeywell International Inc., Adacel Technologies Ltd., and Frequentis AG.