Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing by
Infinium Global Research on the GCC air traffic control market provides in-depth
analysis of segments and sub-segments in the GCC as well as regional GCC air
traffic control market. The study also highlights the impact of drivers,
restraints, and macro indicators on the GCC and regional GCC air traffic
control market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the GCC air
traffic control market. According to the report, the GCC air traffic control
market is projected to grow at a healthy CAGR over the forecast period of
2021-2027.
Air traffic control is an
essential component of contemporary aviation. Without Air Traffic Control,
airports would be utter anarchy, resulting in a high risk of airborne accidents
and significant financial losses. Every airport has an air traffic control
tower that oversees all aircraft activity on the runway. It handles critical
responsibilities like regulating air traffic in controlled airspace flights,
monitoring and surveilling the tarmac, and navigating approaching flights,
among others. The role of air traffic control has grown and become more
difficult as time has passed and modern aviation has progressed. In air traffic
control towers, the employment of cutting-edge equipment and management systems
has become a must.
GCC countries such as Saudi Arabia
and UAE are focusing on investing heavily in airport infrastructure. These
investments are designated for upgrading existing terminals, runways, and air
traffic control systems with the ultimate aim of augmenting the capabilities of
airports with the latest technologies to support growing air traffic on the airports
and efficiently manage airspace. In July 2021, Saudi Arabia announced its plans
to invest USD 147 billion in the transportation sector with the major aim of upgrading
its airport transportation for supporting its growing economy and attracting
over 100 million tourists by 2030. While UAE is continuously working on its USD
23 billion investment plans in airports announced in 2018. The tourism
industry is growing rapidly in GCC countries specifically in UAE and Saudi
Arabia. Saudi Arabia is the hub of religious tourism in GCC countries. Air
transport is the primary medium for tourists to travel to the GCC region. Thus, the
traffic on airports is expected to increase increasing the demand for air
traffic control systems and solutions. Connected technology is used in modern
air traffic control towers and systems. Cyber security issues are a hazard to
connected technology, putting air traffic control operations at risk. This
factor could limit the market in several ways. Nonetheless, as the automation
of air control systems and processes grows, new opportunities will emerge in
the market.
Saudi Arabia has a strong aviation
sector, a big number of market players, advanced airport infrastructure, and a
vast base of air travelers, it is likely to dominate the air traffic control
market. Saudi Arabia is planning on investing over USD 147 billion in the transport
sector by 2030 of which the major share will go towards the development of airport
infrastructure. In February 2021, Saudi Arabia inaugurated its newest airport
terminal at Arar Airport in the Northern Borders Province for an estimated cost
of USD 101.85 million expected to serve over 1 million passengers annually. The
continued investments by Saudi Arabia in the airport infrastructure to
further support its tourism industry and the economy as whole offer growth
opportunities to the market players. UAE
is expected to hold the second-largest in the market as tourists from
around the world travel through flights to UAE. UAE has two of the busiest
airports in the Middle-East region. Dubai International Airport and Abu Dhabi
International Airport are a few of the largest airports in the GCC world. UAE is
continuously focusing on upgrading the capacities of these two airports with the latest technologies. Also, UAE is in the middle of adopting fully autonomous air
traffic control in the world.
The report on GCC air traffic
control market covers segments such as control center, component, application,
airport size, and end user. On the basis of control center, the sub-markets
include terminal radar approach control, air route traffic control center
(ARTCC), air traffic control tower (ATCT), and remote tower. On the basis of
component, the sub-markets include hardware, software, and services. On the
basis of application, the sub-markets include navigation, communication,
surveillance, and others. On the basis of airport size, the sub-markets include
small, medium, and large. On the basis of end user, the sub-markets include
civil, and defense.
The report provides profiles of
the companies in the market such as Raytheon Technologies Corporation,
Honeywell International Inc., BAE Systems, Indra Sistemas, S.A., Lockheed
Martin Corporation, Leonardo S.p.A., Thales Group, SAAB AB, Adacel Technologies
Limited, and ACAMS AS.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of GCC air traffic control market. Moreover, the study highlights
current market trends and provides forecast from 2021-2027. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.