Voice Communication Control System Market Size, Share, Growth By Forecast Period

The voice communication control system market size  was USD 3.06 billion in 2021. The market is projected to grow from USD 3.20 billion in 2022 to USD 4.95 billion in 2029 at a CAGR of 6.46% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Voice Communication Control System Market, 2022-2029.” Factors such as widening applications, including vessel traffic control, coast guard, and strategic emergency services will increase the footprint of the market during the forecast period. Additionally, shifting preference from analog to digital VoIP will boost the growth of the market.

Segments

Based on solution, the market is divided into hardware, software, and services.

By platform, the market is broken down into air, ground, and maritime.

With respect to application, the market is segmented into air traffic control, vessel traffic control, strategic emergency services, and others.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.

Report Coverage

The research report for voice communication control system offers qualitative and quantitative highlights by encompassing critical factors such as market size and growth for all segments and sub-segments along with market dynamics and competitive landscape. Additionally, ongoing market trends and industry developments are also provided in the report. Also, factors such as SWOT analysis, business strategies of leading market players, and macro & micro-economic indicators are mentioned.

Drivers & Restraints

Rising Need for Interoperable Voice Communications & Increasing Number of Airport Projects will Augment Growth

Factors such as increasing technological innovations of next-generation voice communication systems, rising utilization in commercial & military ATM operations, and increasing investments in R&D activities will boost the voice communication control system market growth during the forecast period. The rising number of airport projects due to increasing air passengers globally and growing modernization of domestic and international projects will increase the footprint of the market. Also, shifting traditions from analog to digital VoIP and rising benefits, including long-distance calling range will fuel the growth of the market.

However, stringent airport system design standards and rising safety norms & regulations will limit the growth of the market during the forecast period.

Browse Complete Report Summary:

https://www.fortunebusinessinsights.com/voice-communication-control-system-market-103489

Regional Insights

Europe to Occupy Significant Market Presence due to Increasing Presence of OEMs

Europe will occupy a considerable market share, owing to increasing presence of OEMs in the region such as S.I.T.I. S.p.A., Rohde & Schwarz, and NATS Limited.

Asia Pacific will witness the highest growth rate during the forecast period, owing to the rising defense expenditure in emerging economies, such as China and India, and increasing number of airport projects in the region.

North America will hold a significant market share in terms of global contribution due to expanding military modernization programs in the U.S. and increasing defense budgets. Also, the region boasts numerous airports, which will further fuel the growth of the market.

Competitive Landscape

Long-Term Gains & Increasing Technological Innovations to Push Market Players Toward Dominance

The competitive landscape for the market of voice communication control systems is occupied by select players, including Indra Sistemas, S.A., L3Harris Technologies, Inc., and S.I.T.T.I. S.p.A. VoIP-based communication products are adopted by various dominant players to diversify their product portfolio. For example, in March 2020, Sistemas, S.A. completed the modernization of Uzbekistan's air navigation infrastructure with its VCS and VHF and HF radio solutions. This move is aimed at upstaging the tourism sector in Uzbekistan. Additionally, players are focused on widening their business prospects by entering long-term contracts with air traffic management services and airport authorities. Also, cost-effective solutions for commercial and other end-users will further increase the presence of the dominant players.

Key Industry Development

  • November 2020: Indra announced winning a contract worth USD 36.81 million for the European SESAR project for increasing safety and reducing the costs of air navigation services.

List of Key Players Present in the Market

  • ASELSAN A.S. (Turkey)
  • Copper chase (U.K.)
  • Frequentis AG (Austria)
  • Indra Sistemas, S.A. (Spain)
  • L3Harris Technologies, Inc. (U.S.)
  • MEP (Netherlands)
  • NATS Limited (U.K)
  • Northrop Grumman Corporation (U.S.)
  • Rohde & Schwarz (Germany)
  • I.T.T.I. S.p.A. (Italy)
  • Saab AB (Sweden)
  • Thales Group (France)

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