NEW YORK, Aug. 14, 2017 /PRNewswire/ -- "Modernization of air traffic management infrastructure is one of the most significant factors driving the growth of the air traffic control market"
The air traffic control market is projected to reach USD 56.07 billion by 2022, at a CAGR of 12.75% from 2017 to 2022. Air Traffic Control (ATC) is an integral part of an airport's infrastructure. With the increasing focus on operational safety and automation at airports, aviation authorities have been investing in the upgrade of ATC equipment to ensure efficient aircraft movement and streamline flight operations. The growth of this market is mainly attributed to the rising need for better airspace management and the increasing number of airport expansion projects in the Asia Pacific region.
"The ATCSCC segment is estimated to be the largest airspace segment of the air traffic control market in 2017"
Based on airspace, the Air Traffic Control System Command Center (ATCSCC) segment is estimated to lead the air traffic control market in 2017. Increasing air traffic and airspace congestion and the growing need for advanced capabilities in ATC equipment are major factors contributing to the growth of the ATCSCC segment of the air traffic control market.
"The commercial segment of the air traffic control market is expected to grow at the highest CAGR during the forecast period"
Based on sector, the commercial segment of the air traffic control market is expected to grow at the highest CAGR during the forecast period. Aircraft flying in the commercial airspace depend on pre-determined flight paths and code of commercial conduct, which vary based on the type of aircraft and air traffic. New technologies based on automated data links for communication, navigation, and surveillance, are being implemented, which allow aircraft to fly within a global framework of information systems, rather than to rely on voice communications between pilots and air traffic controllers. Such technological advancements in the field of ATC are anticipated to drive the growth of the air traffic control market in the commercial sector.
"Europe is estimated to be the largest market for air traffic control in 2017"
Europe is estimated to lead the air traffic control market in 2017. The growth of the air traffic control market in Europe is mainly driven by the increase in air cargo and passenger traffic and modernization of air transport management systems.
Key manufacturers and suppliers of air traffic control equipment in Europe include Thales Group (France), Indra Sistemas, S.A. (Spain), Frequentis AG (Austria), Cobham plc (UK), and Terma A/S (Denmark) among others.
Break-up of profile of primary participants in the air traffic control market:
• By Company Size - Tier 1 – 33%, Tier 2 – 28%, and Tier 3 – 39%
• By Designation – C Level – 30%, Director Level – 20%, and Others – 50%
• By Region – North America - 27%, Europe – 18%, Asia Pacific – 26%, Middle East – 16%, and RoW – 13%
Key companies profiled in the report include Thales SA (France), Indra Sistemas, S.A. (Spain), Raytheon Company (US), Frequentis AG (Austria), Northrop Grumman Corporation (US), Intelcan Technosystems Inc. (Canada), Searidge Technologies (Canada), NATS Holdings Limited (UK), SkySoft-ATM (Switzerland), ACAMS Airport Tower Solutions (Norway), Honeywell International Inc. (US), Lockheed Martin Corporation (US), Rohde & Schwarz GmbH & Co. KG (Germany), and ALTYS Technologies (France).
This research report categorizes the air traffic control market on the basis of airspace, application, sector, investment type, system, and region. Based on airspace, the air traffic control market has been segmented into Air Traffic Control System Command Center (ATCSCC), Air Route Traffic Control Center (ARTCC), Traffic Radar Approach Control (TRACON), Air Traffic Control Tower (ATCT), and Flight Service Station (FSS). On the basis of application, the market has been segmented into communication, navigation, surveillance, and automation. Based on sector, the market has been categorized into commercial and defense. On the basis of investment type, the market has been categorized into greenfield and brownfield. Based on system, the market has been classified into hardware systems and software solutions. With respect to region, the air traffic control market has been segmented into North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW).
Reasons to buy this report:
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends); market share analysis of top players; company profiles; emerging and high-growth segments of the market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on air traffic control offered by top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the air traffic control market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the market for air traffic control across various regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in air traffic control market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the air traffic control market
Read the full report: http://www.reportlinker.com/p05061075/Air-Traffic-Control-Market-by-Airspace-Application-Sector-Investment-Type-System-and-Region-Global-Forecast-to.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001