PUNE, India, August 4, 2017 /PRNewswire/ --
The report "Air Traffic Control (ATC) Market by Airspace (ATCSCC, ARTCC, TRACON, ATCT, FSS), Application (Communication, Navigation, Surveillance, Automation), Sector (Commercial, Defense), Investment Type, System, and Region - Global Forecast to 2022", published by MarketsandMarkets' , the Air Traffic Control Market is projected to grow from USD 30.77 Billion in 2017 to USD 56.07 Billion by 2022, at a CAGR of 12.75% during the forecast period.
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Browse146 Market Data Tables and58 Figures spread through310 Pages and in-depth TOC on"Air Traffic Control (ATC) Market - Global Forecast to 2022"
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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. Factors such as modernization of Air Traffic Management (ATM) infrastructure, increase in the number of airports in emerging economies, and the need for efficient airspace management are anticipated to drive the growth of the air traffic control market.
The ARTCC segment is projected to grow at the highest CAGR during the forecast period
Based on airspace, the Air Route Traffic Control Center (ARTCC) segment of the air traffic control market is projected to grow at the highest CAGR from 2017 to 2022. This growth is mainly attributed to the modernization of airports as well as the upgrade of ATC equipment.
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The hardware systems segment is estimated to account for the largest share of the air traffic control market in 2017
Based on system, the hardware systems segment is estimated to account for the largest share of the air traffic control market in 2017. The Air Traffic Control (ATC) architecture fundamentally depends on the hardware deployed on ground and in air. Different types of ATC hardware systems include Airport Surveillance Radar (ASR), Air Route Surveillance Radar (RSR), Mono-Pulse Surveillance Radar (MSSR), Very High Frequency Omni-Directional Range (VOR), Instrument Landing System (ILS), simulators, and surveillance satellites. The major function of ATC hardware systems is to collect real-time information, transmit data, and maintain an orderly flow of air traffic.
The air traffic control market in Asia Pacific is projected to witness the highest growth during the forecast period
The air traffic control market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is mainly attributed to the modernization of airport infrastructure, which, in turn, has resulted in the increased procurement of air traffic control equipment to streamline flight operations.
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Key players operating in the air traffic control market include Thales SA (France), Harris Corporation (US), Raytheon Company (US), Indra Sistemas, S.A. (Spain), Lockheed Martin Corporation (US), and Frequentis AG (Austria), among others.
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