Global demand for air traffic control (ATC) equipment expected to reach $12.3 billion over next five years
AMSTERDAM – The air traffic control (ATC) market is projected to grow by 32.3 percent over the next five years, from $9.3 billion in 2019 to $12.3 billion by 2025, say analysts at market researcher ASD Media BV in Amsterdam. ASD Media reports. Continue reading original article
The Military & Aerospace Electronics take:
Date -- The report is entitled "Air Traffic Control (ATC) Market by Airspace, Application, Offering, Investment Type, Sector, Airport Size, and Region - Global Forecast to 2025.
Factors such as modernization of air traffic management (ATM) infrastructure, an increase in the number of airports in emerging economies, and the need for efficient airspace management are anticipated to drive growing global demand for air traffic control equipment.
Project market increases represent a combined annual growth rate (CAGR) of 4.8 percent. By airspace, the remote tower segment is projected to grow at a higher CAGR during the forecast period.
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John Keller, chief editor
Military & Aerospace Electronics
