Air Traffic Management - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Air Traffic Management Market is accounted for $8.46 billion in 2019 and is expected to reach $25.18 billion by 2027 growing at a CAGR of 14.6% during the forecast period. Modernization of air traffic management infrastructure, need for better airspace management and increase in investments on airports are propelling the market growth. However, high costs associated with air traffic management equipment and stringent regulatory norms are hampering the market growth. Moreover, development of remote & digital towers and introduction of unmanned traffic management framework to manage UAVs may provide ample opportunities for the market growth.
Air traffic management is considered to cover all activities related to ensuring the safe and disciplined flow of air traffic without any mistake. The most important objective of this management is reducing the congestion problem at the airports. Therefore, the key services include Air Traffic Control (ATC), Air traffic Flow Management (ATFM), and Airspace Management (ATFM).
Based on the airspace, the air traffic services (ATS) segment is anticipated to hold considerable market share during the forecast period. Increasing air traffic and airspace congestion and the need for advanced capabilities of the existing airspace are major factors that are expected to contribute to the growth of the ATS segment of the market during the forecast period. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the increasing air passenger traffic, high investments in the modernization of airport and construction of new regional airports.
Some of the key players profiled in the Air Traffic Management Market include Acams Airport Tower Solutions, Adacel Technologies Limited, Advanced Navigation and Positioning, Altys Technologies, BAE Systems plc, Cyrrus Limited, Frequentis Ag, Honeywell International Inc, Indra Sistemas S.A., Intelcan Technosystems Inc, L3Harris Technologies Inc, Leidos, Leonardo S.P.A, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies, Saab Ab, Saipher Atc, Searidge Technologies and Thales Group.
Investment Types Covered:
• Support Service
• Maintenance Service
• ATM as a Service
Airport Sizes Covered:
Airspace Classes Covered:
• Class A
• Class B
• Class C
• Class D
• Other Airspace Classes
• Aeronautical Information Management (AIM)
• Air Traffic Flow Management (ATFM)
• Airspace Management (ASM)
• Air Traffic Services (ATS)
• Software & Solutions
• Aerodrome Operations Management
End Users Covered:
• Military/ Tactical
• Civil /Commercial
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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