North America Air Traffic Control Market

North America Air Traffic Control Market Size (2022 to 2027)

During the forecast period, the size of the North America Air Traffic Control Market is expected to grow at a CAGR of 3.53%. The market size is estimated to be worth USD 3.54 billion by 2027 from USD 2.98 billion in 2022, owing to the factors such as increasing air travel in the nations like the United States and Canada. Air traffic control plays a crucial role in managing flights effectively without leading to any fatal mishaps.

The Coronavirus has impacted almost all sectors of the world, such as travel, hospitality, restaurants, manufacturing units, automotive, and so many sectors, with the temporary halt caused by the lockdown. In addition, this pandemic has affected businesses by directly impacting production, creating supply chain disturbance and financial burden.

Due to the COVID-19, the North America Air Traffic Control market is also facing difficulties and witnessed huge financial losses as the travel by air has been restricted to avoid the spread of the virus. However, as per the analysis from industry experts, the market will boost up and be back to the regular stage once the vaccine is successfully tested and released. In countries like the USA and Canada, the government has lifted the lockdown and permitted manufacturing companies to start their businesses with strict rules and regulations. As the companies have started their manufacturing units, the market of North America Air Traffic Control will get back to the normal stage and get profits in a short time.

One of the major driving factors that help the growth of the North America Air Traffic Control market is the huge number of airports in the United States and Canada, which have been installing new equipment for air traffic management. Increasing air travel in the area, especially in some economies such as the United States and Canada, is another major growth factor in the North America Air Traffic Control market. Implementation of stringent aviation safety regulations and airport infrastructure development is also among the pivotal aspects promoting the Air Traffic Control market in the North American region.

The high cost of the equipment is one of the significant growth limiting factors in the North America Air Traffic Control market.

The North America Air Traffic Control market has been segmented based on air space and application, offering, sector, and country.

By Airspace:

• ARTCC       
• TRACON   
• ATCT         
• Remote Tower       

By Application:

• Communication     
• Navigation              
• Surveillance            
• Automation            

By Offering:

• Hardware 
• Software & Solutions          
• Services    

By Airport Size:

• Large         
• Medium    
• Small         

By Sectors:

• Commercial            
• Military & Defense

By Country:

• The United States
• Canada
• Rest of North America

Based on the region, the North American air traffic control market is studied mainly in the nations of Canada, the United States, and Mexico. North America is expected to have the second-largest share of the market due to increasing air travel in the area across the nations and the rise in aircraft usage for professional activities.

KEY MARKET PLAYERS:

Some of the key players in the North America Air Traffic Control market are Indra Sistemas (Spain), Frequentis AG (Australia), Harris Corporation (US), Adacel Technologies (Australia), Raytheon Company (US), BAE System (UK), Thales Group (France), Leonardo S.p.A (Italy), Honeywell Inc (US), Saab AB (Sweden), Northrop Grumman Corporation (US), and NATS Holding (UK).