The air traffic management and control market share is expected to grow at a CAGR of 5.78% between 2022 and 2027. The increasing air traffic and the increasing need for effective modernization of air traffic management and control systems provide a promising ground for the air traffic management and control market.
The increasing air traffic is notably driving the market growth. The increased demand for air travel further boosted the demand for the new generation of aircraft characterized by optimal fuel consumption and lower carbon dioxide emissions and noise. Factors such as the increased demand and acquisition of new-generation aircraft will increase the demand for air traffic management and control systems during the forecast period.
Technavio’s analysis of the “Air Traffic Management and Control Market” projects that the market share is expected to increase by USD 3,765.83 million at an accelerating CAGR during 2023-2027. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 9490.15 Million.
Browse Technavio's 175-page report and in-depth TOC on "Air Traffic Management and Control Market by application (communication, navigation, surveillance, and automation), end-user (commercial and military), 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-management-and-control-market-analysis
The air traffic management and control market is segmented by application (communication, navigation, surveillance, and automation), end-user (commercial and military), and geography (North America, APAC, Europe, Middle East and Africa, and South America).
The market share growth of the communication segment will be significant during the forecast period. A big part of air traffic control is communication and the underlying technology. Air traffic management requires advanced communication services that enable efficient ground and air traffic control and continuous communication between airports, national air traffic control centers, and aircraft.
High costs associated with networking technologies and connectivity hardware is the major challenge impeding the market growth. The demand for enhanced digital content and high maintenance costs associated with the installation may challenge the market. Upgrading existing air traffic control and management systems requires high operating costs, significant installation time, and certification requirements, as the market is very dynamic.
The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.
Some of the major air traffic management and control market vendors are Adacel Technologies Ltd., Advanced Navigation and Positioning Corp., Aquila Air Traffic Management Services Ltd., BAE Systems Plc, Frequentis AG, Honeywell International Inc., Indra Sistemas SA, Intelcan Technosystems Inc., L3Harris Technologies Inc., Leidos Holdings Inc., Leonardo Spa, NEC Corp., Northrop Grumman Corp., QinetiQ Ltd., Raytheon Technologies Corp., Saab AB, SITA, SkySoftATM, Telephonics Corp., and Thales Group
anpc.com - The company offers air traffic management and control through Advanced Navigation and Positioning Corporation Transponder Instrument Landing systems application
baesystems.com- The company offers air traffic management and control through various air combat technologies such as Hawk 127 Lead In Fighter fleet, E7A Wedgetail Airborne Early Warning and Control AEW and C aircraft Electronic Warfare systems, and AP3C Orion maritime patrol aircraft.
frequentis.com- The company offers air traffic management and control through various technological systems such as Frequentis Air Traffic Management or ATM, Aeronautical data service providers, and Air Navigation Service Providers or ANSPs.
Download the PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the air traffic management and control market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the air traffic management and control market share.
Prediction of the upcoming trends, drivers, and factors that challenge the air traffic management and control market.
Air traffic management and control market growth across North America, APAC, Europe, Middle East and Africa, and South America.
