PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236074
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236074
Global Voice Communication Control System Market is valued at approximately USD 3.62 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2022-2029. A Voice Communication Control System (VCCS) is an electronic device that enables and regulates voice communication between the pilot and ground-based air traffic controllers. This system is operated by a computer, which also provides efficient communication to enhance air traffic management operations. This system is made up of switching units for radio and telephone communications as well as operation controller units. Additionally, the voice communication control system has a user-friendly human-machine interface that enables phone conversations and radio recordings. The effective operation of air traffic management (ATM) depends on this ground-breaking system. Factors such as the increasing number of air travel, coupled with the surging demand for interoperable voice communication are the key factors that are propelling the market demand across the globe.
The increase in number of new airport projects in developing nations is further boosting the market growth in the worldwide market. The need for new commercial aircraft deliveries and airport buildings has increased due to a rise in air travel worldwide. India and China have large populations compared to other nations, which have witnessed a rapid increase in air travel. For instance, the Indian government announced plans to build more airports in the area in 2020 to improve connectivity both locally and globally. They suggested building 100 brand-new domestic airports by 2024. This factor has contributed to a rise in the creation of modern ATM infrastructure. Advanced ATM systems facilitate smooth and effective air traffic control operations. Thereby, the rising investment in airport construction projects is fostering market demand at a substantial rate. Moreover, the rising development of new technologies, as well as the growing modernization of domestic and international airports are presenting various lucrative opportunities over the forecasting years. However, the imposition of safety norms and stringent airport system design standards are hindering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Voice Communication Control System Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing investment by the Department of Defense (DoD) for modernization programs and the surge in the use of VCCS for air traffic control. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing development of new airports in emerging countries, geographic expansion of key players, and rising air passenger traffic in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable