Air Traffic Control Equipment Market By Equipment Type (Communication Equipment, Navigation Equipment, Surveillance Equipment, Others), By End-use (Defense, Commercial) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The global air traffic control equipment market expected to expand at a CAGR of 5.8% during the forecast period from 2018 to 2026. Air traffic has grown over the last few years on the back of recovering economic conditions worldwide. Improving discretionary income has had positive impact on both corporate and leisure air travels in recent years. The number of air passengers are expected to double within next 20 years and consequently number of aircraft and airport hubs will surge, attracting parallel investments in airport infrastructure during the forecast period from 2018 to 2026. In addition, stringent aviation regulations promoting security, safety, and effective air traffic management together with advancements in microelectronics will trigger replacement of conventional air traffic equipment with advanced variants.

"Communication Equipment to Dominate, Surveillance Equipment to Register Strong Growth"

Communication equipment being integral to seamless exchange of information between airport traffic center and aircraft pilot represents largest segment in the global air traffic control equipment market. The trend is expected to remain resilient, primarily supported by the replacement of conventional systems with advanced digital variants. On the other hand, surveillance equipment are projected to register maximum growth during the forecast period from 2018 to 2026. Growing security fears in view of rising terrorist threats is identified as the major factor driving demand for air traffic surveillance equipment at airports. Compliance with international as well as domestic aviation legislations will further support deployment of surveillance equipment at airports.

"Europe to Dominate; Asia Pacific to Register Steady Growth"

In terms of value contribution, Europe was the major air traffic control equipment market in 2017 closely trailed by North America. Their collective contribution to the global air traffic control equipment stood at over 62% in the same year. The dominance of these regions is backed by initiatives taken by the governments to secure and effectively manage air traffic. On the other hand, strong growth in the commercial aviation sector of Asia Pacific has positioned the region as the fastest growing market for air traffic control equipment. This growth is expected to remain buoyant, making region the most attractive air traffic control equipment market well beyond the forecast period. In addition, free trade agreements between emerging economies in the region and ensuing air freight is driving demand for air traffic control equipment in the region.

Key Players:

Some of the leading manufacturers profiled in the study include Raytheon Company, Northrop Grumman Corporation, Frequentis AG, Searidge Technologies Inc., NavAero Inc., Becker Avionics Inc., Lockheed Martin Corporation, Indra Sistemas SA, Advanced Navigation & Positioning Corporation Inc., Harris Corporation, BAE Systems Plc, and Cobham Plc among others. Since good portion of air traffic control equipment sales is through contracts to defense and airport authorities, manufacturers are focused on ensuring long-term association with the government and the concerned airport authorities.