Market Share of Air Traffic Control Equipment Industry
The air traffic control equipment market is moderately consolidated in nature with few players holding significant shares in the market. Some of the prominent players in the market are THALES, SITA, L3Harris Technologies Inc., INDRA SISTEMAS, S.A., and Raytheon Technologies Corporation.
Moreover, joint ventures from developing economies with air traffic management companies are expected to help the players extend their market presence. For instance, in March 2022, the Airports Authority of India (AAI) entered into a joint venture with Defence PSU company Bharat Electronics Limited (BEL) for the development of indigenous systems for the surface movement of aircraft at airports and air traffic management in the country. Such joint ventures are expected to help the players to further increase their dominance in the market.
Air Traffic Control Equipment Market Leaders
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Indra Sistemas SA
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L3Harris Technologies Inc.
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THALES
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Raytheon Technologies Corporation
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SITA
*Disclaimer: Major Players sorted in no particular order
