MarketsandMarkets: The Air traffic control (ATC) Market is estimated to be USD 9.0 billion in 2022 and is projected to reach USD 13.5 billion by 2027, at a CAGR of 8.4% from 2022 to 2027. The market is driven by factors such as increase in demand for better safety measures to prevent accidents, Increasing need for interoperability between security devices/technologies, launch of SESAR 3 joint undertaking to modernize European air traffic control, etc.
Thales Group (France), Raytheon Technologies Corporation (US), L3Harris Technologies, Inc. (US), Indra Sistemas, S.A. (Spain), and Saab AB (Sweden) are some of the leading companies in this market. The focus of these players is to offers advanced products and solutions, including air traffic control (ATC) for the military and commercial applications and related components which can be used on various different defence platforms. Their Research and Development (R&D) activities makes their hold on this market even stronger.
To know about the assumptions considered for the study download the pdf brochure
Thales Group secured the first rank in the air traffic control market. It focuses on securing contracts to strengthen its position in the market. The company has enhanced its revenue through contracts and strategic partnerships. In March 2020, the US Federal Aviation Administration (FAA) awarded Leidos Holdings, Inc. (US) and Thales Group a contract to supply up to 142 secondary surveillance radars for the Mode S Beacon Replacement System (MSBRS). The company is working globally on leveraging the space-based Automatic Dependent Surveillance-Broadcast (ADS-B) service.
Raytheon Technologies Corporation:
Raytheon Technologies Corporation is ranked second in the air traffic control market. It provides air traffic control solutions to more than 60& of the global airspace. The company has developed strong customer relationships by partnering with potential customers and including them on Raytheon Six Sigma teams to improve its programs and overall business processes. In order to cut down costs, it has implemented lean processes, undertaken strategic supply chain initiatives, and adopted Integrated Product Development System (IPDS) and other programs to enhance production capacities.
L3harris Technologies, Inc.:
L3Harris Technologies, Inc is ranked third in the air traffic control market. It provides air traffic control solutions to enable customers to integrate and manage complex programs, including US Federal Aviation Administration (FAA), other civil and military air navigation service providers (ANSPs), airports, airlines, and system integrators. The company is a prime contractor and system architect for the FAA Telecommunication Infrastructure (FTI) program, which is responsible for integrating, modernizing, and maintaining the communication infrastructure for the US air traffic control system.
Indra Sistemas, S.A.:
Indra Sistemas, S.A. has been ranked fourth in the air traffic control market. It is a leading provider of ATC solutions with a strong distribution and service network. One of the key strategies adopted by the company is the in-house development of technologies and solutions instead of outsourcing these to third parties. It caters to varied industries, such as transport & traffic, public administration, energy & industry, security & defense, financial services, healthcare, and telecom & media.
Saab AB has been ranked fifth in the air traffic control market. It is active in the defense market, commercial aeronautics, infrastructure security, and traffic control. The company delivers solutions, services, and products both as a main supplier directly to end customers and as a subcontractor of subsystems and components. Its products are used in over 100 countries, and the company has operations in every continent. Its international operations and expansion are concentrated in Europe, US, Australia, and Brazil. Its operations are divided into 6 business areas: aeronautics, dynamics, surveillance, support and services, industrial products and services, and Kockums.
Air Traffic Control (ATC) Market by Offering (Hardware, Software & Solutions), Investmet Type (Brownfield, and Greenfield), Airspace (ARTCC, TRACON, ATCT, and Remote Tower), Service, Application, Airport Size and Region- Global Forecast to 2027
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE