Global Air Traffic Control Market 2020-2027 Top Companies and Industry Growth Analysis
by Aashi G. Senior Research Analyst
The market in North America stood at USD 3.15 billion in 2019 and is expected to remain dominant during the forecast period owing to the presence of major companies such as Raytheon Technologies, Honeywell International Inc., Northrop Grumman Corporation, and others. The increasing partnerships and acquisitions of key players can be another vital factor in boosting the market in North America.
For instance, in April 2020, the merger between Raytheon Company and United Technologies Corporation to deliver advanced technologies to the airports and defense authorities. Europe is predicted to hold the largest share in the market during the forecast period due to the growing investment in the modernization of conventional ATC systems with technologically advanced real-time ATC systems.
The global air traffic control market size is predicted to reach USD 9.45 billion by 2027, exhibiting a CAGR of 6.96% during the forecast period. The growing cybersecurity threats in air traffic management will impel the adoption of ATC systems, which in turn, will boost the market growth.
December 2019 – Serco Group plc had a partnership with the Ministry of Transport for the extension of its Air Traffic Control Services, to continue providing support for the General Company for Air Navigation Services (GCANS) at Baghdad Airport.
December 2018 – Saab Digital Air Traffic Solutions (SDATS) signed a 20-year framework agreement with ATC, the Netherlands, for remote tower systems. This long term agreement for modernization of ATC units.
The Report Lists the Key Companies in the Air Traffic Control Market:
- BAE Systems (The U.S.)
- Cyrrus Limited (The U.K)
- Indra Sistemas, S.A. (Japan)
- Honeywell International Inc. (The U.S.)
- L3Harris Technologies Inc. (The U.S.)
- Raytheon Technologies (The U.S.)
- Saab AB (Sweden)
- Leonardo S.p.A (Italy)
- Thales Group (France)
- Westminister Group Plc. (The U.K)
Created on Aug 17th 2020 14:54. Viewed 183 times.