Published Date: 31-Jan-2023
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According to a new report, published by KBV research, The Global Voice Communication Control System Market size is expected to reach $5.2 billion by 2028, rising at a market growth of 6.4% CAGR during the forecast period.
The Software market is experiencing a CAGR of 6.7% during (2022 - 2028). The software segment procured a considerable growth rate in the voice communication control system market in 2021. The advent of voice communication system software, which enables flawless contact between the pilot and the air traffic controller, can be credited with the expansion.
The Commercial market is leading the segment in the Global Voice Communication Control System Market by End-use in 2021; thereby, achieving a market value of $3 Billion by 2028. The expansion of the commercial aviation industry can be credited with segment growth. The number of flights each day has increased due to a rise in air travel demand, raising the requirement for air traffic control. In addition, the requirement for vessel traffic control has also expanded due to expanding worldwide seaborne trade.
The Vessel Traffic Control market is registering a CAGR of 7.3% during (2022 - 2028). The segment's expansion is predicted to be fueled by increased port congestion brought on by increased maritime trade activity. Regarding vessel traffic control, VCCS enables port and ship crews to communicate in real-time while controllers keep an eye on the movement of the ships and track their locations.
The North America market dominated the Global Voice Communication Control System Market by Region in 2021; thereby, achieving a market value of $1.8 Billion by 2028. The Asia Pacific market is anticipated to grow at a CAGR of 7.1% during (2022 - 2028). Additionally, The Europe market would witness a CAGR of 5.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/voice-communication-control-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Rohde & Schwarz GmbH & Co. KG, Thales Group S.A., Saab AB, L3Harris Technologies, Inc., S.I.T.T.I. S.p.A., Copperchase Limited, Indra Sistemas, S.A., Morcom International, Inc., Frequentis AG and Applied Electro Magnetics Pvt. Ltd
Unique Offerings from KBV Research
North America Voice Communication Control System Market size & Opportunities 2022-2028
Europe Voice Communication Control System Market & Growth Forecast 2022-2028
Asia Pacific Voice Communication Control System Market Share & Industry Outlook to 2028
LAMEA Voice Communication Control System Market Growth, Trends & Forecasts 2022-2028