Coherent Market Insights

Air Traffic Control Market is Expected to Surpass US$ 6354.21 Mn by 2028

Air Traffic Control Market is Expected to Surpass US$ 6354.21 Mn by 2028 - Coherent Market Insights

Publish In: Nov 23, 2021

Air traffic control (ATC) is a service offered by air traffic controllers to pilots and aircraft. This is done in order to prevent aircrafts from colliding with each other so that they can move consistently in and out of airport and across the countries.

Market Statistics:

The global air traffic control market is expected to surpass US$ 6354.21 Mn in terms of value by the end of 2028.

Global Air Traffic Control Market: Drivers

Rising fuel prices is expected to propel the global air traffic control market growth over the forecast period

Fuel costs for around one-third of the operational cost in aviation industry. Thus, increasing aviation efficiency is no longer an option rather a business and environmental necessity. Air traffic management plays an important role in reducing carbon emissions. According to Airport Council International (ACI), every day around 120,000 flights across the world take off at airports. Around 8% of aviation fuel is wasted due to inefficient routes taken by aircraft. Air traffic control devices help to efficiently guide aircraft along with the proper destination. Furthermore, According to a research conducted by Airbus in 2012, approximately USD 1.5 billion would be saved globally if every flight was a minute shorter, around 9 million tonnes of fuel per year would be saved if air traffic management systems were optimized and approximately 28 million tonnes of Co2 emissions per year would be avoidable with help of air traffic control systems. Hence utilization of air traffic control systems would lead to a better environment. Hence, these factors are expected to drive the market growth over the forecast period.

Global Air Traffic Control Market: Opportunities

Modernization of air traffic management infrastructure is expected to propel the global air traffic control market growth over the forecast period

Many airport authorities have started modernizing existing air traffic control system. These authorities are incorporating advanced technologies such as AI and machine learning to enhance ATC services. Moreover, satellite-based ATC is another emerging technology, which is expected to be adopted in various airports across the globe. Key companies in the market can capitalize on these opportunities by providing novel solutions and gain a competitive edge in the market.

Global Air Traffic Control Market: Recent Developments

  • In July 2021, Garmin, a renowned manufacturer of navigation products, has recently launched NavIC enabled handheld devices GPSMAP 66sr and GPSMAP 65s in India.
  • In March 2021, Thales launched a new digital secondary surveillance radar with increased performance and reliability for safer air traffic management – up to 2, 000 flight tracks and 64 simultaneous data outputs to air traffic centres.
  • In September 2021, Hensoldt South Africa has announced a newly developed active electronically scanned array (AESA) surveillance radar for naval, land and air applications.

Global Air Traffic Control Market: Restraints

Dearth of skilled personnel is expected to hamper the global air traffic control market growth over the forecast period

Individuals working in air traffic control are required to be highly efficient and skilled. This personnel is required to go through rigorous training before they can guide an aircraft. Currently, there is dearth of such personnel across the globe, especially in emerging economies such as Brazil, Indonesia, etc. Therefore, these factors are expected to hinder the global air traffic control market growth over the forecast period.

Global Air Traffic Control Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID 19 pandemic has had a significant impact on the aviation industry around the world. Globally, as of 6:27pm CEST, 5 October 2021, there have been 235,175,106 confirmed cases of COVID-19, including 4,806,841 deaths, reported to WHO. Nearly one in every five air traffic controllers at Delhi’s Indira Gandhi International Airport in India was either directly or indirectly affected by Covid-19, according to Airports Authority of India. Moreover, 16 of 112 ATCOs at Ahmedabad airport were also affected as of May 2021. Such scenario has prompted ATC operators to strictly follow Covid-19 protocol and boost sanitization and vaccination among staff.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/air-traffic-control-market-4782

Key Takeaways:

  • The global air traffic control market was valued at US$ 4340.3 Mn in 2020 and is forecast to reach a value of US$ 6374.0 Mn by 2028 at a CAGR of 4.8% between 2021 and 2028.
  • Among End user, the Commercial aircrafts held dominant position in the market and accounted for 39.35% share in the global air traffic control market in 2020. The segment is expected to reach US$ 2541.9 million in 2028 owing to technology and the future evolution of the air traffic control system, rising GDP, and consequently, disposable income and living standards.

Market Trends:

North America Trends

Among regions, North America is expected to witness significant growth in the global air traffic control market during the forecast period. This is owing to the modernization of existing ATC with next-gen programs across the region. Furthermore, rising number of passengers traveling via air is expected to boost the regional market growth in the near future.

Europe Trends

Europe is expected to witness significant growth in the global air traffic control market during the forecast period. This is owing to airport congestion leading to modernization of ATC and a rise in aircraft movements across the region. Moreover, rising implementation of remote control towers at German airports is expected to boost the regional market growth in the near future.

Global Air Traffic Control Market: Competitive Landscape   

Key companies operating in the global air traffic control market are BAE Systems plc, Raytheon Company, Harris Corporation, Searidge Technologies Inc., Cobham Plc, Thales Group, NavAero Inc., Northrop Grumman Corp, Indra Sistemas S.A., and Lockheed Martin Corp.

 

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