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Air Traffic Control Market Share

Report ID: GMI5060
Published Date: Jan 2024
Report Format: PDF

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Air Traffic Control Market Share

Players operating in the air traffic control industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

Air Traffic Control Market Companies

Major players operating in the air traffic control industry are:

Thales
Raytheon Technologies Corporation
L3Harris Technologies Inc.
Indra Sistemas S.A.
Saab AB
NATS Holding
Lockheed Martin Corporation

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for air traffic control was valued at USD 8.9 billion in 2023 and is estimated to register over 7% CAGR between 2024 and 2032 as the aviation industry has been experiencing a steady growth in passenger & cargo air travel.

The commercial segment accounted for a revenue share of over 70% in 2023 and is estimated to register a CAGR of over 7.5% during 2023-2032 owing to the economic growth, rising middle-class populations in emerging nations, and increased connectivity.

North America air traffic control market share was over 30% in 2023 and will grow significantly through 2032 due to the rapid growth in air travel, the expansion of commercial & cargo aviation routes, and the adoption of advanced technologies to enhance safety & efficiency.

Thales, Raytheon Technologies Corporation, L3Harris Technologies Inc., Indra Sistemas S.A., Saab AB, NATS Holding, and Lockheed Martin Corporation.