Global Air Traffic Control Industry was valued at USD 32.6 Billion in the year 2017. Global Air Traffic Control Industry is further estimated to grow at a CAGR of 10.44% from 2019 to reach USD 71.84 Billion by the year 2025. Europe region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecast period. At a country level, Germany is projected to grow strongly in the coming years.
Major Market players in Air Traffic Control Industry are Lockheed Martin Corporation, Thales Group, Honeywell International Inc., Northrop Grumman Corporation, Indra Sistemas, S.A., Cyrrus Limited, Harris Corporation, Leonardo S.P.A, Saipher ATC, NATS Limited, Searidge Technologies, BAE Systems, and other 10 more companies detaild information is provided in research report. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Air Traffic Control Industry:
The rise in the number of airports across the globe
High production and maintenance cost
Growing commercial aviation industry
Synchronizing and integrating traffic control system
The major shares of the Industry come from Communication type, by application in Global Air Traffic Control Industry. On the other hand, Commercial, by sector for this Industry is expected to grow at highest CAGR during the year 2018-2025.
Air Traffic Control Industry Segmentation:
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa