Title: Air Traffic Control Equipment Market - Forecast (2022 - 2027)
1Air Traffic Control Equipment MarketMarket
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- Air Traffic Control Equipment Market size is
analyzed to grow at a CAGR of 7.0 during the
forecast 2022-2027 to reach 8 billion by 2027.
Air traffic control equipment is utilized for
communication, navigation, as well as
surveillance, in order to ensure safety and
efficiency of aircraft operations, air traffic
flow management, alongside aiding in the
avoidance of aircraft collisions. Due to
increased demand for new ground-based air traffic
controllers to direct the pilot to signal
aircraft safety, controlled airspace, as well as
adequate ground traffic operation, usage of air
traffic control (ATC) technology has been gaining
wide popularity, resulting in its market growth.
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- Key Takeaways
- The Commercial and Cargo Aircraft segment
is expected to grow at a CAGR of 7.5 during the
forecast period 2022-2027. Rapid recovery of the
Commercial Aircraft sector is anticipated to
increase the adoption of air traffic control
equipment during 2022-2027, owing to growing air
traffic, attributing to reduction in domestic and
international air travel restrictions imposed by
countries. - During the forecast period, APAC is expected to
grow at the fastest CAGR of 10.6, owing to
varied factors including increased aircraft
production for expansion of the commercial
aviation industry. -
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By Distribution Channel- Segment Analysis The
Commercial and Cargo Aircraft segment is expected
to grow at a CAGR of 7.5 during the forecast
period 2022-2027. Due to increased air traffic,
the rapid recovery of the commercial aircraft
industry is expected to increase the adoption of
air traffic control technology during the
projection period. Reduction in local and
international air travel limitations imposed by
countries can be also linked to this growth. In
March 2022, India lifted the ban placed on
scheduled international commercial flights after
a period of two years.
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- Air Traffic Control Equipment Market
Outlook - Advanced Navigation Positioning Corp
- BAE Systems plc
- Raytheon Technologies Corporation
- Cobham Limited
- L3 Harris Technologies, Inc.
- Northrop Grumman
- Intelcan Techno systems Inc.
- Indra Sistemas S.A
- Lockheed Martin Corporation
- SAAB AB
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Air Traffic Control Equipment Market
Forecast (2022 -2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/106
15/air-traffic-control-equipment-market.html
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