Air Traffic Control Equipment Market By Equipment (Communication Equipment, Navigation Equipment, Surveillance Equipment, Others), By End-use (Defense, Commercial) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

23 Sep 2018 Format PDF icon PPT icon XLS icon Request Sample

The global air traffic control equipment market expected to expand at a CAGR of 5.8% during the forecast period from 2018 to 2026. Air traffic has grown over the last few years on the back of recovering economic conditions worldwide. Improving discretionary income has had positive impact on both corporate and leisure air travels in recent years. The number of air passengers are expected to double within next 20 years and consequently number of aircraft and airport hubs will surge, attracting parallel investments in airport infrastructure during the forecast period from 2018 to 2026. In addition, stringent aviation regulations promoting security, safety, and effective air traffic management together with advancements in microelectronics will trigger replacement of conventional air traffic equipment with advanced variants.

"Communication Equipment to Dominate, Surveillance Equipment to Register Strong Growth"

Communication equipment being integral to seamless exchange of information between airport traffic center and aircraft pilot represents largest segment in the global air traffic control equipment market. The trend is expected to remain resilient, primarily supported by the replacement of conventional systems with advanced digital variants. On the other hand, surveillance equipment are projected to register maximum growth during the forecast period from 2018 to 2026. Growing security fears in view of rising terrorist threats is identified as the major factor driving demand for air traffic surveillance equipment at airports. Compliance with international as well as domestic aviation legislations will further support deployment of surveillance equipment at airports.

"Europe to Dominate; Asia Pacific to Register Steady Growth"

In terms of value contribution, Europe was the major air traffic control equipment market in 2017 closely trailed by North America. Their collective contribution to the global air traffic control equipment stood at over 62% in the same year. The dominance of these regions is backed by initiatives taken by the governments to secure and effectively manage air traffic. On the other hand, strong growth in the commercial aviation sector of Asia Pacific has positioned the region as the fastest growing market for air traffic control equipment. This growth is expected to remain buoyant, making region the most attractive air traffic control equipment market well beyond the forecast period. In addition, free trade agreements between emerging economies in the region and ensuing air freight is driving demand for air traffic control equipment in the region.

Key Players:

Some of the leading manufacturers profiled in the study include Raytheon Company, Northrop Grumman Corporation, Frequentis AG, Searidge Technologies Inc., NavAero Inc., Becker Avionics Inc., Lockheed Martin Corporation, Indra Sistemas SA, Advanced Navigation & Positioning Corporation Inc., Harris Corporation, BAE Systems Plc, and Cobham Plc among others. Since good portion of air traffic control equipment sales is through contracts to defense and airport authorities, manufacturers are focused on ensuring long-term association with the government and the concerned airport authorities.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Air Traffic Control Equipment market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Air Traffic Control Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
  • Communication Equipment
  • Navigation Equipment
  • Surveillance Equipment
  • Others (Training & Simulation Equipment, etc.)

  • Defense
  • Commercial

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Air Traffic Control Equipment market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Air Traffic Control Equipment market?
  • Which is the largest regional market for Air Traffic Control Equipment market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Air Traffic Control Equipment market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Air Traffic Control Equipment market worldwide?
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