Air Traffic Management Market Analysis To 2027 | Raytheon Company, BAE Systems, Thales Group, Northrop Grumman Corporation, Honeywell International

Air traffic management market is gaining major significance in Middle East and Africa on account of increasing airport construction activities in countries such as the UAE, Rwanda, Tanzania and Saudi Arabia. In addition, government authorities are inclined on upgrading the facilities at the airports for facilitating smooth passenger transits. Citing an instance, in 2020, Sharjah Airport Authority announced its plans for the expansion of Sharjah International Airport and increasing its capacity to around 20 million passengers per year by 2025.

Growing tourism across the world has increased transportation through airplanes. With increasing tourist destinations, the number of flight routes are soaring. Surging flight traffic has increased the probability of causing airplane accidents. This demands the implementation of a sophisticated air traffic management system for averting such incidents.

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Technological advancements have reduced the congestion of airplane traffic whilst promoting a superior traveling experience. For instance, Acubed has developed an air traffic management technology named Airbus UTM and it has advanced simulation tools that manage air traffic without any human intervention. They also offer low altitude notification and authorization via a company named DroneDeploy.

To add to this point, many players have collaborated with airport authorities for installing advanced traffic management systems. Citing an instance, NATS, in January 2019, installed a digital control tower powered by Artificial Intelligence (AI) at Heathrow Airport, London. In this case, AI was used to analyze if it can assist in reducing the number of flight delays experienced at the airport. Such developments will propel the usage of air traffic management systems.

Hardware components for air traffic management systems are in high demand owing to rising investment initiatives by governments and airport authorities for the development of airports across various nations. To illustrate, in 2019, Airports Authority of India solicited proposals from interested companies to deliver new air traffic management system for Mumbai Airport. Reportedly, this initiative came as a result of increasing air traffic and need to upgrade the systems at the airport.

Many industry players are emphasizing on establishing partnerships and collaborations for improving their market position and expanding their businesses. For instance, Honeywell partnered with the AAI in June 2018 for upgrading its air traffic system with voice recognition software across the country. These ventures are major contributors to the growth of the air traffic management market.

Some of the other key air traffic management market players include BAE Systems, Leonard S.p.A, Honeywell International Inc., Northrop Grumman Corp., L3Harris Corp., Thales Group and Lockheed Martin Corp.

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Partial Chapter of the Table of Content
Chapter 5 Air Traffic Management Market, By Component
5.1 Key trends by component
5.2 Hardware
5.2.1 Market estimates and forecast, 2015 - 2027
5.2.2 Communication
5.2.2.1 Air Traffic Management Market estimates and forecast, 2015 - 2027
5.2.3 Navigation
5.2.3.1 Market estimates and forecast, 2015 - 2027
5.2.4 Surveillance
5.2.4.1 Market estimates and forecast, 2015 - 2027
5.3 Software
Chapter 6 Air Traffic Management Market, By System
6.1 Key trends by system
6.2 Air traffic control
6.2.1 Market estimates and forecast, 2015 - 2027
6.3 Airspace management
6.3.1 Market estimates and forecast, 2015 - 2027
6.4 Air traffic flow management
6.4.1 Air Traffic Management Market estimates and forecast, 2015 - 2027
6.5 Aeronautical information management

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