Market Research Report
Air Traffic Control (ATC) - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939105|
|Published||Content info||146 Pages
Delivery time: 2-3 business days
|Air Traffic Control (ATC) - Global Market Outlook (2018-2027)|
|Published: May 1, 2020||Content info: 146 Pages||
According to Stratistics MRC, the Global Air Traffic Control (ATC) Market is accounted for $8.88 billion in 2018 and is expected to reach $16.05 billion by 2027 growing at a CAGR of 6.8% during the forecast period. Growing need for better airspace management and rising number of airports especially in emerging economies are the major factors propelling the market growth. However, huge increase in cyber threats are hampering the market growth.
Air traffic control is kind of service provided so as to help with organized, safe, swift and efficient flow of air traffic. It likewise helps aircrafts to avoid bad climate condition and collision with other aircraft. It informs aircrafts regarding operational routs and aids in case of aircraft distress.
Based on the airport size, the medium segment is going to have a lucrative growth during the forecast period due to as there are large numbers of medium-sized airports across the world because of the immediate need for these airports is to effectively manage their airspace. By geography, Middle East & Africa is going to have a lucrative growth during the forecast period due to the modernization of airport infrastructure, increasing passenger traffic, number of airports and increasing passenger footfall.
Some of the key players profiled in the Air Traffic Control (ATC) Market include Thales Group, Searidge Technologies, Saipher ATC, Saab AB, Raytheon Company, Northrop Grumman Corporation, Nav Canada, Nats Holding, Leonardo S.P.A, Indra Sistemas, S.A, Honeywell International Inc., Harris Corporation, Frequentis AG, BAE Systems and Adacel Technologies.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.