Air Traffic Management Market Report 2022-2027| Leading Companies Analysis (Adacel Technologies, Airbus SE, Honeywell International, L3Harris Technologies)

According to the latest report by IMARC Group, titled "Air Traffic Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global air traffic management market reached a value of US$ 13.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 24.75 Billion by 2027, exhibiting at a CAGR of 10.4% during 2022-2027. Air traffic management (ATM) comprises various systems that assist the aircraft from departure to landing and during transit. Some of these systems include navigation, surveillance, communication, automation, and simulation systems. It directs aircraft to land at specific destinations, helps maintain optimal altitude or flight level while traveling, and prevents collisions or accidents. It also assists in improving passenger safety, enhancing predictability, offering real-time accuracy, consolidating different systems, and making collaborative decisions. As a result, ATM finds extensive applications across the aviation and aerospace industries.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Air Traffic Management Market Trends:

The rising passenger traffic due to the expanding global population, declining airline fares, and elevating consumer expenditure capacities represents the primary factor driving the market growth. Besides this, the growing popularity of air transport as the fastest and safest mode of traveling has strengthened the need for ATM solutions. In addition, governments of various countries are extensively investing in the modernization of ATM infrastructure, automation of existing ATM equipment, and building additional airport facilities. Along with this, the shifting focus toward expanding the existing airport infrastructure and constructing new airports to improve passenger handling capacities has augmented the product demand. Furthermore, the leading manufacturers are integrating ATM solutions with novel technologies, such as the internet of things (IoT), artificial intelligence (AI), unmanned traffic management, and flight data processing system (FDPS). In line with this, the increasing adoption of Information and Communications Technology (ICT) in ATM systems has catalyzed market growth. Other factors, including the surging risk of cyber threats, growing adoption of satellite-based air-traffic control (ATC) systems, rising usage of remote virtual towers, rapid digitization, and technological advancements, are also creating a positive market outlook.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• Adacel Technologies Limited
• Advanced Navigation and Positioning Corporation
• Airbus SE
• Honeywell International Inc.
• Indra Sistemas S.A
• L3Harris Technologies Inc
• Leidos, Leonardo S.p.A.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Saab AB
• Thales Group

Key Segmentation:

Breakup by Domain:

• Air Traffic Control
• Air Traffic Flow Management
• Aeronautical Information Management

Breakup by Component:

• Hardware
• Software

Breakup by Application:

• Communication
• Navigation
• Surveillance
• Automation

Breakup by End User:

• Commercial
• Military

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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