#Air #Traffic #Control #Market #Size #expected #reach #USD
LOS ANGELES, Oct. 25, 2022 (GLOBE NEWSWIRE) — The Global Air Traffic Control Market Size accounted for USD 9,967 Million in 2021 and is estimated to achieve a market size of USD 15,110 Million by 2030 growing at a CAGR of 4.9% from 2022 to 2030.
Air Traffic Control Market Statistics
- Global air traffic control market revenue was worth USD 9,967 Million in 2021, with a 4.9% CAGR from 2022 to 2030
- Europe region was accounted 34% of air traffic control market share in 2021
- Asia-Pacific market is expected to grow at a CAGR of 5.3% from 2022 to 2030
- By airspace, ATCT segment capture over 45.4% of the overall market share in 2021
- Integration of AI in ATC systems, drives the air traffic control market value
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Air Traffic Control Market Report Coverage:
Market | Air Traffic Control Market | |
Air Traffic Control Market Size 2021 | USD 9,967 Million | |
Air Traffic Control Market Forecast 2030 | USD 15,110 Million | |
Air Traffic Control Market CAGR During 2022 – 2030 | 4.9% | |
Air Traffic Control Market Analysis Period | 2018 – 2030 | |
Air Traffic Control Market Base Year | 2021 | |
Air Traffic Control Market Forecast Data | 2022 – 2030 | |
Segments Covered | By Airspace, By Revenue, By Offering, By Investment Type, By Sector, And By Geography | |
Air Traffic Control Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
Key Companies Profiled | The Raytheon Company, BAE Systems plc, Thales Group, Indra Sistemas, S.A., Frequentis, Harris Corporation, and Adacel. | |
Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Air Traffic Control Market Overview
Air traffic control (ATC) is a program offered by the ground-based federal aviation administration that guides flights on the base and through flight operations. ATC’s primary objective is to avoid collisions, organize and expedite air traffic flow, and give information as well as…
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