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The increasing air traffic owing to rising living standards and globalisation are driving the market for air traffic control (ATC). Air traffic control is an integral part of the aviation industry to manage the aircraft in the airspace. The government initiatives to generate revenue are leading to the setting up of more airports, which is projected to propel the demand for air traffic control. In addition, the construction of remote air traffic control towers is also expected to play a critical role in augmenting the industry. Furthermore, the upgradation of technologies and the growing investments by the industry's key players are expected to aid the market in the forecast period.
The heightened demand for air traffic control solutions worldwide is driving increased investments by key market players through collaborations and mergers. This is projected to support the market growth in the forecast period. For instance, in October 2019, Raytheon Technologies Corporation (NYSE: RTN) announced its agreement with WEY Technology to develop the next generation air traffic control workstation called Multi-platform ATC Re-hosting Solution, or MARS. Their collaboration aims to replace the existing system with advanced workstation that integrates flight-critical applications, such as surveillance, weather, airport data, onto touchscreens for enhanced airspace management, and others. Furthermore, in May 2018, Northrop Grumman Corporation’s (NYSE: NOC) subsidiary, Park Air Systems delivered its Sapphire ATM communication to Polish Air Navigation Services Agency (PANSA) to provide an outstanding air-ground communication solution that is safe, reliable, and easy to maintain. Such developments are expected to invigorate the air traffic control (ATC) industry in the forecast period.
Market Analysis by Airspace, Application, Offering, Airport Size, Sector, and Region:
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The major players in the global air traffic control (ATC) market are Adacel Technologies Limited, BAE Systems plc, Frequentis AG, Indra Sistemas, S.A., Leonardo S.p.A., Northrop Grumman Corporation, Raytheon Technologies Corporation, and Saab AB, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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