15 January 2020
Visiongain has published a new aviation report entitled, Air Traffic Control Equipment Market Report 2020-2030.
The Air Traffic Control (ATC) Equipment market is estimated to witness a Compound Annual Growth Rate of 5.1 per cent from 2020 to 2030.
Several factors are having a profound, driving effect on the industry, particularly regional ATC programmes, soaring growth in air transport demand, and mandates for the installation of next-generation systems.
Visiongain anticipates that global investment and consolidation will be moderate and stable over the next decade. The market’s good health is due to the factors listed above, as well as the presence of many established companies.
The leading players currently supplying ATC systems and equipment include Copperchase Ltd, Frequentis Comsoft GmbH, Honeywell International, Indra Sistemas SA, L3Harris Technologies, Inc., Lockheed Martin, NAV CANADA, Northrop Grumman, Saab Group and Thales Group.
The senior Aviation Analyst said: "The Global Air Traffic Control market is expected to generate sales of USD 5.9 billion in 2020.
"Generally speaking, air traffic control is a service that is provided by ground-based controllers. They direct aircraft on the ground and through controlled airspace, as well as providing advisory services to aircraft in non-controlled skies.
"Some of the most critical purposes of air traffic control are to prevent collisions between aircraft, organise and accelerate the flow of air traffic, and provide information and support for pilots.
"Visiongain forecasts that over the next decade, the ATC Equipment market will experience a rise in expenditure. This will be due to regional air traffic control programmes and procurement activity; mandates for the installation of and transition to next-generation ATC systems and equipment; and soaring growth in air transport demand, which will influence many vital initiatives being undertaken by regional and national Air Navigation Service Providers.
"Having said this, there are one or two threats to the future success of ATC equipment, which could slightly restrain the acceleration of the industry. The most challenging issues surround government controlled ANSPs which are slow and conservative in responding to the world’s rapidly evolving aviation landscape and airspace structure.
"In conclusion, by 2030, the Air Traffic Control Equipment market will have almost reached the 10 billion-dollar mark, achieving a total sales figure of USD 9.7 billion."
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Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.
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