Air Traffic Control (ATC) Market worth 56.07 Billion USD by 2022 Air Traffic Control (ATC) Market | Página 3

Different types of ATC hardware systems include Airport Surveillance Radar (ASR), Air
Route Surveillance Radar (RSR), Mono-Pulse Surveillance Radar (MSSR), Very High
Frequency Omni-Directional Range (VOR), Instrument Landing System (ILS),
simulators, and surveillance satellites. The major function of ATC hardware systems is
to collect real-time information, transmit data, and maintain an orderly flow of air
traffic.
The air traffic control market in Asia Pacific is projected to witness the highest
growth during the forecast period
The air traffic control market in the Asia Pacific region is anticipated to grow at the
highest CAGR from 2017 to 2022. This growth is mainly attributed to the modernization
of airport infrastructure, which, in turn, has resulted in the increased procurement of
air traffic control equipment to streamline flight operations.
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Key players operating in the air traffic control market include Thales SA (France),
Harris Corporation (US), Raytheon Company (US), Indra Sistemas, S.A. (Spain),
Lockheed Martin Corporation (US), and Frequentis AG (Austria), among others.
Based on region, the air traffic control market has been segmented into North America,
Europe, Asia Pacific, the Middle East, and Rest of the World (RoW). The aircraft traffic
control market in the Asia Pacific region is projected to grow at the highest CAGR during
the forecast period, owing to high investments made by aviation authorities to
modernize airport infrastructure.
The report also covers competitive developments such as long-term contracts, new
product launches & developments, and research & development activities in the air
traffic control market, in addition to business and corporate strategies adopted by key
market players.
The report provides an in-depth market intelligence regarding key market dynamics
such as drivers, restraints, opportunities, and challenges that may influence the growth
of the market. It also provides an analysis of micromarkets with respect to individual
growth trends, growth prospects, and their contribution to the overall market.