Authored By: Sarah
02 Mar 2023

Air Traffic Control Equipment Market Size to Grow by USD 2,258.3 Million at a CAGR of 6.54% Between 2022 and 2027

The air traffic control equipment market is segmented by type (communication equipment, navigation equipment, and others), application (commercial, military, and defense), and geography (North America, APAC, Europe, Middle East and Africa, and South America). Implementation of artificial intelligence (AI) and blockchain is the major air traffic control equipment market trend which will positively influence the market value. 

Air Traffic Control Equipment Market Outlook 2027 

  • The air traffic control equipment market share will value over USD 2,258.3 million by 2027 

  • It is estimated to expand at a CAGR of 6.54% from 2022 to 2027 

  • The air traffic control equipment market size will witness a YOY growth rate of 6.38% in 2023 

Get a peek into the Air Traffic Control Equipment Market Analysis Report 2023-2027. Unlock the Sample Report The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 4794.34 Million.

Browse Technavio's 171-page report and in-depth TOC on "Browse Technavio's 165-page report and in-depth TOC on "Air Traffic Control Equipment Market by type (communication equipment, navigation equipment, and others), application (commercial, military, and defense), and geography (North America, APAC, Europe, Middle East and Africa, and South America)."

View detailed Table of Contents Here: https://www.technavio.com/report/air-traffic-control-equipment-market-analysis

Air Traffic Control Equipment Market Size to Grow by USD 2,258.3 Million at a CAGR of 6.54% Between 2022 and 2027

Implementation of Artificial Intelligence (AI) and Blockchain will Fuel the Market Growth  

ATC management has increasingly used advanced technologies such as artificial intelligence and blockchain. To avoid dangerous situations, AI systems evaluate important information such as airspace traffic, local conditions, ground risks, flight restrictions, and weather forecasts.

Increasing Demand for Commercial Aircraft to Drive Market Growth 

The demand for air traffic control equipment is expected to grow with the corresponding growth in the new generation of aircraft. Growing demand for commercial aircraft is expected to augment the demand for air traffic equipment for proper navigation, communication, and control, which will fuel the growth of the global air traffic equipment market during the forecast period.

Air Traffic Control Equipment Market Vendors 

Some of the major air traffic control equipment market vendors are: 

  • Adacel Technologies Ltd.
  • Advanced Navigation and Positioning Corp.
  • Aeronav Inc.
  • Aquila Air Traffic Management Services Ltd.
  • BAE Systems Plc
  • Becker Avionics Inc.
  • Frequentis AG
  • Intelcan Technosystems Inc.
  • Kongsberg Geospatial Ltd.
  • L3Harris Technologies Inc.
  • Leonardo Spa
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • Raytheon Technologies Corp.
  • Saab AB

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

  • The cost pressure on ATC equipment manufacturers is the major hindrance for market players 

  • The air traffic control equipment market structure is fragmented in nature. 

  • 42% of air traffic control equipment market growth will develop from North America. 

  • The market growth by the communication equipment segment will be significant during 2023-2027.

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