Infinium Global Research Air Traffic Control Market | Page 7

Air Traffic Control Market: Global Industry Analysis, Trends, Market Size and Forecasts up to
2023
The study on global air traffic control market provides deep insights into the trends and
opportunities in the market for the forecast period 2017 to 2023. Moreover, the market
estimates are provided in terms of revenue in USD million. Furthermore, the research
covers the analysis of the various segments in the global air traffic control market. The
estimates in the global air traffic control marketare based on both bottom-up and top-
down approaches. In the bottom-up approach, the revenues of the key players are
determined and added to arrive at country or regional market size. The country market
sizes added to arrive at the regional market size. Further, the market size of the regions is
added to arrive at the global market size of air traffic control market.
In the top-down approach, the global market size is estimated based on the secondary
research and historic data. Using this approach the regional market size is obtained by
splitting the global number by percentage share of each region such as North America,
Europe, Asia-Pacific and Row. The regional market was then divided as per the market
share of the application, type, system and sector.
Executive Summary
Global Air Traffic ControlMarket Highlights, (USD Million)
The global air traffic control market is expected to grow at a CAGR of 10.5% between 2015
and 2023 in terms of value. Rapidly growing air traffic creates the demand of efficient air
traffic management system for ensuring the safety of the aircrafts. The factors such as
developed airport infrastructure and modernization are drives the market of air traffic
control. In addition, increasing per capita income, introduction of new advanced aircrafts
are likely to boost the market growth over the forecast periods. On the other hand, high
cost of maintenance and repair are expected to restrain the market growth. The use of air
traffic control in the defence sector is increasing rapidly which results in the growth of the
market. Moreover, the ongoing technological advancements in the aircrafts are projected
to create several opportunities for this market in upcoming years.
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