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Global Air Traffic Control (ATC) Market to Grow at a CAGR of 5.60% During 2022-2027, Aided by the Increasing Air Traffic

According to a new report by EMR titled, ‘Global Air Traffic Control (ATC) Market Report and Forecast 2022-2027’, the global market for air traffic control (ATC) attained a value of about USD 9.18 billion in 2021. The industry is further expected to grow at a CAGR of 5.60% in the forecast period of 2022-2027 to reach USD 11.83 billion by 2027.

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:

  • The air traffic control (ATC) industry, on the basis of airspace, is categorised into air route traffic control centres, terminal radar approach control, and air traffic control tower.
  • Based on application, the market can be divided into communication, navigation, surveillance, and automation.
  • On the basis of offering, the market is segregated into hardware, software and solutions, and services.
  • Based on airport size, the market is divided into large, medium, and small.
  • On the basis of sector, the market is bifurcated into commercial, and military and defence.
  • The regional markets for air traffic control (ATC) include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for air traffic control (ATC) is being driven by the growing number of aircraft in the airspace, propelling the demand for efficient management and organisation to prevent collisions.
  • The government initiatives to expand tourism and generate more revenue are leading to the construction of more airports, which is estimated to bolster the air traffic control industry.
  • The rising construction of remote air traffic control towers is further augmenting the market growth.
  • The rapid technological advancements and the increasing investments by the key players operating in the industry are expected to propel the market in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for air traffic control (ATC) for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the airspaces, applications, offerings, airport sizes, sectors, and major regions of air traffic control (ATC).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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