Air Traffic Control Equipment Market Size

Air Traffic Control Equipment Market Analysis

The Air Traffic Control Equipment Market size is estimated at USD 9.95 billion in 2024, and is expected to reach USD 12.28 billion by 2029, growing at a CAGR of 4.30% during the forecast period (2024-2029).

During COVID-19, many countries put travel restrictions in place, which caused a significant drop in the number of people who flew. Hence the number of passengers on international routes also declined. For instance, South Korea's air passenger volume decreased by 7.7% in 2021 compared to the previous year. Japan's aviation sector also witnessed a significant impact; Narita International Airport in Tokyo saw 5.2 million passengers in 2021, 50% fewer than in 2020. Nevertheless, when international flight restrictions were lifted across most countries, air traffic gradually improved and is still growing, necessitating the demand for new automated air traffic management systems as airports look to accommodate and operate a subsequent increase in aircraft traffic daily.

The rapidly growing air passenger traffic necessitated the development of new airports to serve new routes and the modernization of existing ones to facilitate the seamless movement of aircraft operating in the airspace. Thus, an increase in the number of airports in emerging economies and the need for efficient airspace management have forced airports and airlines to invest in air traffic control technologies. For instance, Airbus, an aircraft manufacturer, forecasted that the number of commercial aircraft in operation would double in the next 20 years to 48,000 worldwide. Such developments are anticipated to trigger demand for air traffic control equipment during the forecast period.