Air Traffic Management Market Rapidly Increasing In Size Globally (2020-2025) and Market Analysis by Thales, Honeywell, BAE Systems, Harris, Raytheon, Saab AB, Northrop Grumman

The Global Air Traffic Management Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Air Traffic Management market size to maintain the average annual growth rate of 0.0691324441777 from $40 Billion in 2014 to $55.875 Billion in 2019, market analysts believe that in the next few years, Air Traffic Management market size will be further expanded, we expect that by 2024, The market size of the Air Traffic Management will reach $97.3 Billion.

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Some of the major key factors driving the growth of the Global Air Traffic Management Market are rapid growth in Development of airport infrastructures, growing passenger traffic are necessitating better air traffic management and the increasing demand for reliable air-traffic operations.

As per the regional analysis, APAC was the largest market for Air Traffic Management Market in 2019. Passenger traffic in the region has been growing rapidly, demanding the airlines to introduce new routes and increase their fleet. The demand for new airports and the modernization of existing airports in the region are generating demand for the Air Traffic Management Market. Currently, China and India are two of the fastest-growing aviation markets in the world.

Key Market Features:

The Global Air Traffic Management Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Global Key Players:

1 Honeywell

2 BAE Systems

3 Harris

4 Raytheon

5 Saab AB

6 Thales Group

7 Northrop Grumman

8 Indra Sistemas

9 ANPC

10 Comsoft Solution

11 Adacel and More.................

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Product Type Segmentation

Hardware

Software

Industry Segmentation

1 Civil

2 Military

On the basis of Regional analysis, North America and Europe holds major share in global Air Traffic Management market. Moreover, Asia-Pacific is expected to record higher growth rate in Air Traffic Management Market during the forecast year.

Global Business News:

Thales Group (February 06, 2020) - AI Solutions by Thales - A fighter pilot's best digital partner - The way humans function is changing fundamentally with the advent of new technologies such as Internet of Things (IoT), Cybersecurity, Big Data and Artificial Intelligence (AI). A breakthrough technology amongst these, artificial intelligence, is playing a transformational role in a variety of industries and its adoption is promising efficacy at unprecedented levels. Today, artificial intelligence finds applications across industries ranging from finance, healthcare, retail and defence, among others.

The progress of AI in India is at pace with global developments. While other countries such as China and the US have focused their energies on capturing as large a market share of AI as possible, India has focused on becoming an experimental space to explore the potential applications of artificial intelligence and machine learning.

In terms of using AI in defence, Thales' AI solutions combined with its optronics offerings, create the perfect digital combination. This unique amalgamation of targeting and tactical recce pod from Thales with embedded AI makes the job for fighter pilots easier. For a fighter pilot, this is a task made easier as targeting and recce pods with embedded AI make for more accurate strikes.

With AI embedded targeting pods, quasi invisible moving targets that need to be neutralised are now visible - day or night, in color and high resolution and from altitudes of 7,000 meters. The pilot can then hit targets with precision.

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Major Points in Table of Contents:

Global Air Traffic Management Market Report 2020

1 Air-Traffic Management Product Definition

2 Global Air-Traffic Management Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Air-Traffic Management Shipments

2.2 Global Manufacturer Air-Traffic Management Business Revenue

2.3 Global Air-Traffic Management Market Overview

3 Manufacturer Air-Traffic Management Business Introduction

3.1 Honeywell Air-Traffic Management Business Introduction

3.2 BAE Systems Air-Traffic Management Business Introduction

3.3 Harris Air-Traffic Management Business Introduction

3.4 Raytheon Air-Traffic Management Business Introduction

3.5 Saab AB Air-Traffic Management Business Introduction

3.6 Thales Group Air-Traffic Management Business Introduction

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