Air Traffic Management Market Provides Detailed Insight, Challenges, Detailed Analysis of Current Industry Trends, Growth Forecast To 2027 | Top players – Saab AB, Honeywell International Inc, Northrop Grumman Corporation, Harris Corporation

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)

Market Highlights

ATM systems are used to direct aircraft to land at specific places, maintain optimal height during travel, and ensure passenger safety. They include communication, navigation, surveillance, and automation and simulation systems.

A focus on the modernization of airports in developing countries is primarily driving the growth of the market. Increased air traffic congestion and the development of new airports to cater to the rising number of air travelers are also contributing to market growth. However, a lack of a skilled workforce is a key restraint for market growth.

Air Traffic Management Market is estimated to register a CAGR of 9% during the forecast period

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The global air traffic management market has been segmented, based on region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

The market in North America is estimated to be the largest during the forecast period. The implementation of the latest ATM technologies to make air travel safer and efficient is driving market growth in the region. Initiatives such as the Next Generation Air Transportation System Program by the US FAA and Collaborative Initiatives for Emissions Reductions by Nav Canada are expected to lead to the modernization of airports with advanced ATM technologies, thereby driving the growth of the market in North America.

The market in Asia-Pacific is projected to be the fastest-growing during the forecast period due to the modernization of airports in the region. Additionally, the development of new airports and a growing number of air passengers will positively impact market growth. The leading country-level markets are China and India.

According to a study conducted by Eurocontrol, the European organization for the safety of air navigation, the European aviation market is becoming mature and, by 2035, it is expected that the number of flights will increase by 50% as compared to 2012. Congestion is expected to be a major issue and, by 2035, more than 20 airports in the EU would be running at, or close to, full capacity compared to just three in 2012. Hence, to manage the growing passenger traffic, European airports are focusing on modernizing infrastructure. This will directly influence the growth of the global air traffic management market in the region.

In the Middle East & Africa, airports such as the Abu Dhabi International Airport are investing in upgrading ATM capabilities to better serve the increasing number of tourists visiting the country. Similarly, in Latin America, countries such as Brazil and Argentina are constructing new airports to meet the growing passenger traffic. These initiatives will result in market growth in the respective regions.

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.

Type
Air Traffic Control (ATC)
Air Traffic Flow Management (ATFM)
Aeronautical Information Management (AIM)

Component
Hardware
Software

Airport Type
Greenfield
Brownfield

System
Communication
Navigation
Surveillance
Automation & Simulation

By Region
North America
Europe
Asia-Pacific
Middle East & Africa
Latin America

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The report provides insights on the following pointers:

Chapter 1 Study Coverage

Chapter 2 Executive Summary

Chapter 3 Air Traffic Management Market Competitor Landscape by Players

Chapter 4 Air Traffic Management Market Size by Type and Application

Chapter 5 Global and Regional Analysis

Chapter 6 Company Profiles, recent developments, and investments

Chapter 7 Market Opportunities, Challenges, Risks and Influences Factors Analysis

Chapter 8 Value Chain and Sales Channels Analysis with breakthrough product developments

Chapter 9 Research Findings and Conclusion

Chapter 10 Methodology/Research Approach

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This release was published on openPR.