During the forecast period, the market for Air Traffic Control Market equipment is expected to grow at a CAGR of over 10%.
The key growth driver for the market has been the increase in air traffic. The growth is currently more pronounced in the Asia-Pacific area, where the number of passengers flying has been steadily rising.
Airports and airlines have been obliged to invest in Air Traffic Control Market systems due to a growth in the number of airports in growing economies and the requirement for efficient airspace management.
As aircraft owners throughout the world recognize the importance of better Air Traffic Control (ATC) services, they are progressively investing in the development of innovative ATC systems.
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