What is the Addressable Market Opportunity for “Air Traffic Control (ATC) Equipment”?
Boxed in with air travel restrictions and subsequent massive drop in flight departures, the Air Traffic Control (ATC) Equipment market is expected to decline substantially in the year 2020 before recovering to reach a revised market size of US$60. 2 billion by 2025.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Air Traffic Control (ATC) Equipment market. Report segmentation includes Communications Equipment, Navigation Equipment, and Surveillance Equipment.
10 June 9:05 A.M., California/Marketwire/ - According to the new market research report, boxed in with air travel restrictions and subsequent massive drop in flight departures, the Air Traffic Control (ATC) Equipment market is expected to decline substantially in the year 2020 before recovering to reach a revised market size of US$60.2 billion by 2025. The market will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned.
Air travel bans implemented by countries across the world to contain the spread of the coronavirus took a massive toll on the global aviation sector. Global flight volume has decreased drastically, with about 280,000 aircraft taking flight in the first week of April 2020, as compared to around 730,000 aircraft that took flight in the first week of April 2019. The grim scenario crushed any progressive prospects for ATC equipment market, while strongly pointing towards a huge negative growth for the whole year 2020. However, amid rising emphasis on reviving the aviation sector through various strategies by governments across the world, the flight volume is anticipated to bounce back into growth trajectory most likely in the first quarter of 2021. The growth in the ATC Equipment market in the post COVID-19 environment would therefore be dictated by the level of recovery in aviation sector and tide in the air travel & air cargo volumes.
Key Competitors Covered in the Report
Advanced Navigation & Positioning Corporation Inc.
BAE Systems plc
Becker Avionics Inc.
C.N.S. Systems AB
Indra Sistemas S. A.
Intelcan Technosystems, Inc.
Lockheed Martin Corporation
Northrop Grumman Corp.
Searidge Technologies, Inc.
Sierra Nevada Corporation
Siqura B. V.
The Aeronav Group
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 12289. Among this pool, 1473 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 369 unique participations, a total of 166 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
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