Air Traffic Control Market projected to reach $11.50 billion by 2027

The global air traffic control marketwas valued at $8.41 billion in 2019, and is projected to reach $11.50 billion by 2027, registering a CAGR of 4.1% from 2020 to 2027.

Air traffic control (ATC) is a service provided by ground-based air traffic controllers, which guides the pilot to ensure safety of the aircraft in the controlled airspace as well as on the ground. In addition, ATC provides advisory services for the non-controlled airspace as well. The primary aim of the ATC is to expedite the flow of air traffic as well as to avoid collision of the various aircrafts.

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Major Market Players:

  • ADACEL TECHNOLOGIES LIMITED
  • BAE SYSTEMS
  • FREQUENTIS AG
  • INDRA SISTEMAS SA
  • LEONARDO S.P.A
  • NORTHROP GRUMMAN CORPORATION
  • RAYTHEON TECHNOLOGIES CORPORATION
  • SAAB AB
  • SKYSOFT-ATM
  • THALES GROUP

The significant factors impacting the growth of the air traffic control market include rise in number of airports, need of better airspace management systems, and increase in number of passengers. Further, potential risk of cyber threat, high cost of ATC systems, and adoption of the satellite based air-traffic control systems also have a significant impact on the market. Each of these factors is anticipated to have a definite impact on the air traffic control market during the forecast period (2020-2027). 

Air Traffic Control Market

Air transportation is considered as the safest mode of transportation when compared with all the other modes of transportation. In addition, global increase in population is anticipated to create demand for the additional airports to facilitate the east for air transportation, which is driving the air traffic control market growth. Moreover, it is anticipated that large investments will cater the need of new airports, especially in developing countries/regions.

Many developing countries have plans to open new airports to facilitate the air transportation within and across the country. For instance, as part of PM Narendra Modi’s vision to make India a $5 trillion economy by end of year 2025, India is planning to open additional 100 airports by the end of year 2024. This will directly create additional demand for the air traffic control systems, which boost the growth of the market.

Key Market Segments

  • BY APPLICATION
  • COMMUNICATION
  • NAVIGATION
  • SURVEILLANCE
  • AUTOMATION
  • BY OFFERINGS
  • HARDWARE
  • SOFTWARE &SOLUTIONS
  • SERVICES
  • BY SECTOR
  • COMMERCIAL
  • MILITARY & DEFENSE
  • BY AIRSPACE
  • AIR ROUTE TRAFFIC CONTROL CENTERS (ARTCC)
  • TERMINAL RADAR APPROACH CONTROL (TRACON)
  • AIR TRAFFIC CONTROL TOWER (ATCT)
  • REMOTE TOWER
  • BY AIRPORT SIZE
  • Large
  • Medium
  • Small

In accordance with the data releases by the International Civil Aviation Organization (ICAO), the number of departures reached about 37.8 million in 2018, which was a 3.5% increase over the last year. This data clearly indicates the increase in the global air traffic. This results in the increased burden on the existing air space management solutions, which translates into high higher risk of the air fatalities. For instance, the global aviation accident rate increased to 2.6 accidents per million schedule departures for year 2018, from 2.4 accidents per million scheduled departures in 2017. Thus, there is a need for better airspace management solutions, which is driving the global ATC market.

The air traffic control system at any airport constitutes 20% – 50% of the overall running cost of the airport. In addition, various governments are spending heavily to install air traffic control towers (ATCT) to enhance air traffic management. For instance, Delhi IGI Airport is now equipped with the India’s tallest ATC tower with 102 meters of height. This installation is expected to help smoothen the traffic flow at the busiest airport. Further, the total cost of setting up the new ATC tower and its facilities was around $50 million. Therefore, high cost of ATC systems may hinder the growth of the global air traffic control market.

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the air traffic control market trends with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold.
  • The air traffic control market analysis presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current growth and air traffic control market forecast is quantitatively analyzed from 2019to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the ATC market share.
  • The study also comprises the air traffic control market opportunities, which help key players in decision making.

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