Press release
Air Traffic Management (ATM) Market 2019-2023 Global Analysis By Size, Share, Growth Rate, Market Demand Along With Top Key Players Like Frequentis Comsoft GmbH, BAE Systems, Saab AB, Honeywell International, Northrop Grumman Corporation, Harris Corporati
The Global Aircraft Air Traffic Management Market Is Estimated To Register A CAGR Of Approximately 9% During The Forecast Period
Air Traffic Management (ATM) Market Key Players
The key players in the global air traffic management market are Frequentis Comsoft GmbH (Germany), BAE Systems (UK), Saab AB (Sweden), Honeywell International Inc. (US), Northrop Grumman Corporation (US), Harris Corporation (US), Indra Sistemas, SA (Spain), Raytheon Company (US), Thales Group (France), and ANPC (US)
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Air Traffic Management Market Scenario
Air traffic management (ATM) encompasses all systems that assist aircraft operations at airports and in airspace. Air traffic control (ATC), air traffic flow management (ATFM), and aeronautical information management (AIM) all fall under the purview of ATM. ATC directs aircraft on the ground and through controlled airspace. It plays an important role in ensuring minimal flight delays during bad weather. Advancements in communication and data processing technologies have led to increased demand for ATC systems. The installation of advanced equipment across the world and the development of microelectronics for ATM offer growth opportunities to market players. Moreover, the growing air traffic has led to the need for better communication.
Increasing airspace congestion and the subsequent demand for reliable air traffic infrastructure and the modernization of airports are the key factors driving the growth of the air traffic management market. Furthermore, the focus on commercializing unmanned aerial vehicles (UAVs), vertical take-off and landing aircraft, and hybrid aircraft necessitates new ATM infrastructure. However, a lack of skilled workforce to operate modern ATC systems and rising cyber threats are expected to hinder market growth during the forecast period.
The global air traffic management market has been segmented based on type, component, airport type, system, and region. By platform, the global air traffic management market has been segmented into air traffic control, air traffic flow management, and aeronautical information management. The air traffic control segment is expected to account for the largest market share while the air traffic flow management segment is projected to register the highest CAGR during the forecast period. A focus on implementing new ATC systems to cater to the ever-increasing air traffic and airspace congestion is driving the growth of the air traffic control segment market.
Considering the increasing demand for ATM, The Global Aircraft Air Traffic Management Market Is Estimated To Register A CAGR Of Approximately 9% During The Forecast Period Of 2018 To 2023.
Scope of the Report
This study provides an overview of the global air traffic management market, tracking four market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global air traffic management market by type, component, airport type, system, and region.
By Type
Air Traffic Control (ATC)
Air Traffic Flow Management (ATFM)
Aeronautical Information Management (AIM)
By Component
Hardware
Software
By Airport Type
Greenfield
Brownfield
By System
Communication
Navigation
Surveillance
Automation & Simulation
By Region
North America
Europe
Asia-Pacific
Middle East & Africa
Latin America
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