The Europe Air Traffic Control Market is expected to register a compound annual growth rate (CAGR) of 5% during the conjecture period of 2021 - 2026 owing to the factors such as growth in demand for air travel and aerial connectivity in different nations of Europe.
Due to the Coronavirus, Europe Air Traffic Control market is also facing difficulties and witnessed huge financial losses and the related industries due to financial crisis they had faced. As per the analysis from industry experts, they are predicting that the market will boost up and will be back to the normal stage since the vaccine has released in most of the countries.
As we all know that in most the countries, the government has already lifted the lockdown and also gave permission for the manufacturing companies to start their businesses with strict rules and regulations. As the companies have started their manufacturing units, the market of Europe Air Traffic Control will get back to the normal stage and also get profits in the near future.
Driving Factors
One of the major driving factors that helps the growth of the Europe Air Traffic Control market is increasing demand for reliable air traffic control operations and safety, which is also supposed to promote the growth of the market of Air traffic control in this region. Growth in demand for aerial connectivity and air travel to introduce to new routes and increase flight movements are some of the major growth factors of Air Traffic Control market in Europe.
Increasing up-gradation of existing airport infrastructure with new and advanced air traffic management systems that was used to provide more efficient air traffic services is another major growth factor of Europe Air Traffic Control market.
Challenges
Various operational challenges in air traffic management and related modernization projects, and high cost of the equipment are some of the major growth challenging factors of Europe Air Traffic Control market that hinders the growth of revenue rate.
The Europe Air Traffic Control market is segmented on the basis of air space and on the basis of application, on the basis of offering, and on the basis of sector.
On the basis of application, the Europe Air Traffic Control market is bifurcated into communication (voice communication and recording systems, HF/UHF/VHF radio systems, automatic terminal information systems, controller pilot data link communications), Navigation (instrument landing system, runway status light, distance measuring equipment, precision approach radar), Surveillance (primary surveillance radar, automatic dependent surveillance-broadcast ground station, wide-area multilateration, secondary surveillance radar), Automation (ATC simulation system, automatic warning system, electronic flight strip, digital tower, surveillance data processing systems).
On the basis of airspace, the Europe Air Traffic Control Market is segmented into
Among these segments, the ATCT (Airport Traffic Control Tower) segment attributes a major share of the market since a large number of ATCT towers present in most of the countries of the region when compared to other airport segments.
Europe Air Traffic Control market is segmented into hardware (radars, antennas, cameras, control tower console, display system, and other devices), software and solutions (data gathering and alert systems, incident management, communication recording and management, interfacing and integration, platform and suits), and services (maintenance and ANSPs).
Regional Analysis
Europe region is expected to have the second-largest share of the market owing to rapid growth in passenger traffic encouraged airlines to induct the new aircraft into their active fleet which resulted in an increased aircraft movement at airports, which is likely to propel the growth of the market of Air Traffic Control in Europe region.
Key market players
Some of the key players of the European Air Traffic Control market are Northrop Grumman Corporation (US), NATS Holding (UK) Raytheon Company (US), BAE System (UK), Thales Group (France), Leonardo S.p.A (Italy), Indra Sistemas (Spain), Frequentis AG (Australia), Harris Corporation (US), Adacel Technologies (Australia), Honeywell Inc (US), Saab AB (Sweden).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Air Traffic Control Market, By Airspace
6.1.1 ARTCC
6.1.2 TRACON
6.1.3 ATCT
6.1.4 RT
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Air Traffic Control Market, By Application
6.2.1 Communication
6.2.2 Navigation
6.2.3 Surveillance
6.2.4 Automation
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Air Traffic Control Market, By Offering
6.3.1 Hardware
6.3.2 Software & Solutions
6.3.3 Services
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 Air Traffic Control Market, By Sector
6.4.1 Commercial
6.4.2 Military & Defense
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Airspace
7.2.3 By Application
7.2.4 By Offering
7.2.5 By Sector
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Airspace
7.3.3 By Application
7.3.4 By Offering
7.3.5 By Sector
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Airspace
7.4.3 By Application
7.4.4 By Offering
7.4.5 By Sector
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Airspace
7.5.3 By Application
7.5.4 By Offering
7.5.5 By Sector
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Airspace
7.6.3 By Application
7.6.4 By Offering
7.6.5 By Sector
8. Key Player Analysis
8.1 The Raytheon Company
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 BAE System
8.3 Thales Group
8.4 Indra Sistemas
8.5 Frequentis AG
8.6 Harris Corporation
8.7 Adacel Technologies
8.8 Leonardo S.p.A
8.9 Honeywell Inc
8.10 Northrop Grumman Corporation
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
