9th March 2023
The Air Traffic Control Market is a big human-machine-based system. In the ever-expanding sector of airplane travel, air traffic control is an essential job. The goal of air traffic control is to manage airplanes through the airspace system safely and efficiently. Controllers keep airplanes at certain distances apart while transporting them from airport to airport along predetermined itineraries. Ground-based people who have been provided with complete training and granted certification by Federal Aviation Administration (FAA) carry out air traffic control tasks and have Intelligent knowledge-based systems, expert systems, highly precise satellite-derived navigational information, automated voice synthesis and speech recognition, touch-sensitive input devices, gorgeous color, and a slew of technical improvements that may now be predicted.
The Market for air traffic control was valued at USD 9,967 million in 2022, and it is anticipated to reach USD 15,110 million by 2030, rising at a CAGR of 4.9% between 2023 and 2030. The expansion of the air traffic control market will be fueled by increasing air passenger traffic. Also, the value of the air traffic control market is expected to rise in the next years due to airports' increased embrace of machine intelligence and IoT technology.
The key elements that are anticipated to propel the growth of the air traffic control market are rising airport investments, modernization of airports, and rising airport use of airport management systems. Yet the main things that are anticipated to hinder this market's growth are the high cost of solutions and strict laws and regulations. The introduction of satellite-based ATC is presenting chances for businesses involved in air traffic control to offer cutting-edge solutions and expand their clientele.
Due to the implementation of new technologies for air traffic management to improve airport operations, the North American air traffic market is anticipated to expand over the projected period. The market is expanding as a result of contracts that several businesses are obtaining from defense organizations to supply upgraded air traffic management systems to increase the communication capabilities of defense organizations.
Further, due to the number of visitors flying to Europe from other parts of the world, Europe is anticipated to have the second-largest share of the market. Because the aviation business is expanding so quickly in developing nations like China and India, the Asia-Pacific area is anticipated to have the quickest growth rate in the whole globe.
Controlling airplanes in the air around airports, particularly big airports, where up to three landings or take-off operations may occur each minute under peak circumstances, is a challenging but critical job. Planes require a vast quantity of airspace, yet the danger of collision must be kept to a minimum, nearly non-existent. When aircraft are concentrated in the airspace near airports, only rigorous adherence to procedures established and monitored by air traffic control agencies can achieve acceptable levels of collision risk. When it travels through consecutive flight information areas, an airplane follows en-route air traffic control orders (FIRs). While approaching an airport for a landing, the aircraft enters the terminal control area (TCA). There may be a significant increase in air traffic density inside this region, which is continuously watched on the radar by TCA controllers, who regularly tell pilots how to fly through the area. The aircraft is subsequently brought into the final approach sequence, at which time control is handed over to the approach controller, who supervises the aircraft until it reaches the runway.
Many developing countries are aiming to build new airports to ease air connectivity inside and across borders. For example, India planned to open 100 new airports by the end of 2024 as part of Prime Minister Narendra Modi's goal of making India a $5 trillion economy by the end of 2025. As a result, demand for air traffic control systems will rise, propelling the industry forward.
Further, the rise in the number of airports, the need for better airspace management systems, and the increase in the number of passengers, all these factors are leading to the need for the Air Traffic Control Market.
The demand for effective airport traffic management systems is expanding along with the number of airports. Airport management authorities have been using air traffic management technologies to effectively handle air traffic as a result of the increasing number of aircraft. Some factors that are anticipated to propel the growth of the air traffic control market include the expansion of airports and the upgrading of the infrastructure for air traffic management. Because more airports are being built there, the Asia Pacific air traffic control market is anticipated to expand.
By assisting local companies and the tourism sectors in many nations across the world, the air transport sector directly contributes to the socioeconomic growth of the global economy. Both the number of passengers and aviation freight has experienced significant expansion. Robust economic expansion and an increase in middle-class travellers drawn to low-cost airlines are to blame for the rising number of airline passengers. The construction of new airports is accelerating in many nations throughout the world to handle the increasing air traffic and bolster the necessary infrastructure for the aviation industry's long-term expansion. Building new airports is receiving a huge infusion of public and private funding. These two elements are fueling the market's expansion. The systems and towers used for air traffic control in the modern era are linked. Linked devices are susceptible to cyber security risks, which jeopardize air traffic control operations. This element could limit the market in several ways. Yet, given the swiftly increasing automation of air control systems and processes, new market possibilities will emerge.