Global Digital ATC Towers Market: Analysis and Forecast, 2020-2025
Global Digital ATC Towers Market to Grow at a CAGR of 28.73% from 2020-2025
Key Questions Answered in this Report:
- What are the major driving forces that tend to increase the demand for digital ATC towers during the forecast period 2020-2025?
- What are the major challenges inhibiting the growth of the global digital ATC towers market?
- Who are the key players in the global digital ATC towers market?
- What was the estimated revenue generated by the global digital ATC towers market by segment (operation type, system, and application) in 2020, and what will be the estimates by 2025?
- What are the industry trends in the global digital ATC towers market?
- How is the industry expected to evolve during the forecast period 2020-2025?
- What are the new strategies adopted by the existing market players to enhance digital ATC towers?
- What are the major opportunities that the digital ATC towers stakeholders foresee?
Global Digital ATC Towers Market Forecast, 2020-2025
The Global Digital ATC Towers Market report by BIS Research projects the market to grow at a CAGR of 28.73% on the basis of value during the forecast period 2020-2025. In 2019, Europe dominated the global digital ATC towers market with an estimated share of 51.78%. The region’s growth can be attributed to the European Union’s SESAR initiative. Companies such as Aena, Airbus, Eurocontrol, Frequentis, Honeywell, Indra, NATS Holdings, Selex ES, Thales Group, and a few others are part of the SESAR project providing various systems for the upgradation of air traffic management.
The global digital ATC towers market is gaining widespread importance owing to the increasing efforts of the key players as well as aviation authorities and international organizations that support the digital ATC tower trend. Moreover, the development of technologies such as machine learning, IoT, artificial intelligence (AI), and advanced sensor systems for enhanced capabilities may propel the market growth.
Scope of Digital ATC Towers Market
The purpose of the market analysis is to examine the digital ATC towers market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
The report further takes into consideration the market dynamics and the competitive landscape of the key players operating in the market.
Global Digital ATC Towers Market Segmentation
The digital ATC towers market is further segmented on the basis of operation type, system, application, and region. While highlighting the key driving and restraining forces of this market, the report also provides a detailed study of the industry. The report analyzes different applications that include communication, information and control, flight data handling, surveillance, and visualization. In operation type segment, the market is segmented into single remote tower, multiple remote tower, and contingency remote tower.
The digital ATC towers market regional analysis is segregated into four major regions, namely, North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions is provided in the market study.
Key Companies in Global Digital ATC Towers Market
The key market players in the global digital ATC towers market include Saab AB, Frequentis Group, Thales Group, Indra Sistemas, S.A., Raytheon Technologies, L3Harris Technologies Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, Searidge Technologies, Leonardo S.P.A, Kongsberg Gruppen, Rohde & Schwarz Emirates L.L.C., NATS Limited, Avinor AS, Skysoft-ATM SA, among others.
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