Air Traffic Control Market (Type- Greenfield, Brownfield, Positive Displacement; Sector – Commercial, Defence; System - Hardware system, Software solution; Application – communication, navigation, surveillance, automation): Global Industry Analysis, Trends, Market Size and Forecasts up to 2024. The global air traffic control market is expected to grow at a CAGR of 10.5% over the forecast period of 2018 - 2024.
Pune, India -- (SBWIRE) -- 04/05/2019 -- The latest report has been added to the wide database of Air Traffic Control Market by Infinium Global Research. This report studies the Air Traffic Control Market by type (Greenfield, brownfield and positive displacement), sector (commercial and defense), system (hardware system and software solution), and application (communication, navigation, surveillance, and automation) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Air Traffic Control Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Air Traffic Control Market. The global air traffic control market is expected to grow at a CAGR of 10.5% over the forecast period of 2018 - 2024
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Air Traffic Control Market: Industry Insights
The Air Traffic Control is a service by which the aircraft are monitored and directed towards ground using radio by communicating with pilots by the controller. Air traffic control is to organize the flow of air traffic to prevent flights collisions and offer support and information for pilots. To assist with controlling air traffics at larger airports the surveillance displays are available for controllers. Air traffic control system includes real-time mapping of aircraft.
Air Traffic Control Market: Drivers and Restraints
Rising numbers of fleets due to the increase in tourism across the globe is the driving factor for the growth of air traffic control market. Development in the airport infrastructure to increase passenger safety onboard led to growing the air traffic control market. An innovation of new technologies to improve public safety such as Next Generation air transport system may create opportunities to grow the air traffic control market. High cost for the equipment and maintenance may hinder the growth for the global air traffic control market.
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Air Traffic Control Market: Segmentation
Air Traffic Control Market is segmented on the basis of Types, Sector, System, and Application. Types further segmented into Greenfield, Brownfield and Positive Displacement. By sector, the market is bifurcated into commercial and defense. A system is segmented into hardware system and software solutions. By application the market is divided into communication, navigation, surveillance, and automation in which communication segment holds highest market share in air traffic control market due to the interaction between controller and pilot for the safety of passenger to avoid a collision and maintain traffic control.
Air Traffic Control Market: Regional Insights
Air traffic control Market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). Europe holds the highest market in the Global Air Traffic Control Market because of development in the infrastructure owing to the growth of the air traffic control market. Asia-Pacific is expected to grow with the highest CAGR during 2018-2025. An increasing number of fleets due to the rise in the demand for tourism tend to grow the market in the Asia-Pacific region.
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Air Traffic Control Market: Competitive Analysis
The global air traffic control Market comprises with the players Indra Sistemas, S.A., Raytheon Company, Northrop Grumman Corporation, and Searidge Technologies, Nav Canada, Altys Technologies, Artisys, S.R.O, Saipher Atc, Cyrrus Limited and Lockheed Martin Corporation. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Air Traffic Control.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.