openPR Logo
Press release

Commercial Air Traffic Management Market Key Trends and Opportunity Analysis up to 2028

02-15-2023 03:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Theinsightpartners.com

According to the new research report published by The Insight Partners, "Commercial Air Traffic Management Market was valued at US$ 5,644.85 million in 2022; registering at a CAGR of 7.8% from 2022 to 2030, according to a new research study conducted by The Insight Partners.

The increasing number of aircraft deliveries is raising the demand for various types of aircraft operations, ultimately generating new opportunities for commercial air traffic management market players across different regions. The rising need for aircraft communication, navigation, pilot interfaces, flight plan negotiation, and other types of flight operations catalyze the commercial aircraft air traffic management operations. Thus, the growing volume of aircraft deliveries worldwide is likely to augment the global commercial air traffic management market growth.

The introduction of next-generation fuel-efficient commercial aircraft models and low-cost airlines is driving aircraft movement volumes in airports worldwide. This is urging the civil aviation authorities across developed and developing countries to develop new airports for supporting the rising aircraft fleet. The rising construction of new airports across different countries is also fueling the demand for commercial air traffic management. In February 2021, China's Airports Council International (ACI) announced the construction of 150 new civilian airports by the end of 2035, wherein ~10 new airports are expected to be constructed every year. In 2022, the Indian Directorate General of Civil Aviation (DGCA) announced that the Indian aviation industry could have ~80 new airports in the next five years. The country also witnessed the number of airports rising from 74 to 141 in the past eight years.

Approximately 15-16 airports are constructed every year across India. These factors are increasing the fleet of aircraft models in the country and assisting the installation of air traffic management systems across the new airports. Such developments are expected to surge the global commercial air traffic management market growth.

Get PDF Sample at @ https://www.theinsightpartners.com/sample/TIPRE00029765/?utm_source=OpenPR&utm_medium=10590

The US government imposed a nationwide lockdown in the Q2 of 2020 due to the continuous growth of COVID-19 cases. At that time, most manufacturing plants were temporarily shut or operating with minimum staff. The supply chain of components was also disrupted. Since the US has a larger density of aircraft manufacturers, component manufacturers, and airports, the outbreak has severely affected production and revenue generation. The presence of limited manufacturing staff hindered the production quantity. Also, the suspension of air travel resulted in a loss of airport revenue, which restricted the demand for airport-associated technologies. This factor stalled the revenue generation stream of the commercial air traffic management market. All the above factors restrained the market in North America. However, during the Q3 of 2020, the manufacturing industries started to open, and the supply chain resumed its operations. Also, the demand for advanced air traffic management systems raised at the airports due to the airport expansion or development plan. For instance, in September 2020, the Salt Lake City International Airport opened its US$ 4.1 billion facility with a new terminal and its first concourse.

The commercial air traffic management market is segmented based on type, component, application, airport class, and geography. Based on type, the commercial air traffic management market is segmented into air traffic services, air traffic flow management, and airspace management. In terms of component, the market is bifurcated into hardware and software. Based on application, the market is categorized into communication, navigation, surveillance, traffic control, and others. In terms of airport class, the market is segmented into class I, class II, class III, and class IV. By geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

Thales Group; Indra Systemas; L3 Harris Technologies, Inc.; Leonardo S.p.A; and Honeywell International Inc. are among the key players operating in the commercial air traffic management market. During this study, several major market players were analyzed to get a holistic view of the global commercial air traffic management market share and its ecosystem.

Order a copy of this research study at-
https://www.theinsightpartners.com/buy/TIPRE00029765/?utm_source=OpenPR&utm_medium=10590

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Commercial Air Traffic Management Market Key Trends and Opportunity Analysis up to 2028 here

News-ID: 2931883 • Views:

More Releases from Theinsightpartners.com

Total Retail Software Market Growth Prospects, Developments Plans, Future Insights And Trends Analysis Till 2030
Total Retail Software Market Growth Prospects, Developments Plans, Future Insigh …
Total Retail Software Market Research Report 2030 is a comprehensive business study on the current state of industry which analyses innovative strategies for business growth and describes important factors such as top manufacturers, production value, key regions, growth rate. The most up to date market insights and analysis performed in this Total Retail Software report brings marketplace clearly into the focus. A lot of hard work has been put together
Osteoarthritis Pain Drugs Market Industry Trends, Size, Share, Growth, Opportunities, and Forecasts 2023-2028
Osteoarthritis Pain Drugs Market Industry Trends, Size, Share, Growth, Opportuni …
The "Osteoarthritis Pain Drugs Market to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Osteoarthritis Pain Drugs Market with detailed market segmentation by product types and end user. The Osteoarthritis Pain Drugs Market is expected to witness high growth during the forecast period. The report provides key statistics on
Commercial Insurance Software Market Growth, Share, Regional Prospects, Opportunities and Forecast 2022-2028
Commercial Insurance Software Market Growth, Share, Regional Prospects, Opportun …
Commercial Insurance Software Market Research Report efficiently gathers information about target markets or customers. It consists of qualitative including focus groups, in-depth interviews as well as quantitative techniques that include customer survey and analysis of secondary data. Market report aids in planning business by providing information about the market. Up-to-date marketing reports help companies to have in depth analysis of industry and future trends. In this Commercial Insurance Software market
Supplier Relationship Management Software Market Size, Development Strategy, Global Trend and Future Investments Analysis Report 2028
Supplier Relationship Management Software Market Size, Development Strategy, Glo …
Supplier Relationship Management Software Market Research Report 2022 is a comprehensive business study on the current state of industry which analyses innovative strategies for business growth and describes important factors such as top manufacturers, production value, key regions, growth rate. The most up to date market insights and analysis performed in this Supplier Relationship Management Software report brings marketplace clearly into the focus. A lot of hard work has been

All 5 Releases


More Releases for Insight

Europe Predictive Maintenance Market, Segmentation, Insight, Scope, & Insight by …
Europe Predictive Maintenance Market will project a CAGR of 40.10% during the forecast up to 2029.  Predictive maintenance is known to lead a huge increase in ROI. It can decline maintenance costs up to 25%-30%, decrease breakdowns to 70%-75%, and reduce downtime to 35%-45%. These services are being highly deployed as they save overall cost for enterprises.  Europe Predictive Maintenance Market was valued at USD 490.88 million in 2021 and is expected
Returnable Transport Packaging Market, Segmentation, Insight, Scope, & Insight b …
Returnable Transport Packaging Market grows at a CAGR of 5.9% in the forecast period 2021-2028. Market Analysis & Insights: Returnable Transport Packaging Market  Returnable transport packaging market will grow at a rate of 5.9% for the forecast period of 2021 to 2028. Rising reduction in cost of supply chain cycle and reduction of operational cost which acts as an essential factor driving the returnable transport packaging market.  Traditional methods of packaging that
Next-Generation Firewall Market, Segmentation, Insight, Scope, & Insight by 2028 …
Next-Generation Firewall Market grows at a CAGR of 11.9% in the forecast period 2021-2028. Market Analysis & Insights: Next-Generation Firewall Market  The next-generation firewall market is expected to witness market growth at a rate of 11.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on next-generation firewall market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing
System Integration Market, Segmentation, Insight, Scope, & Insight by 2028.
System Integration Market grows at a CAGR of 10.67% in the forecast period 2022-2029. System Integration Market Share Analysis  Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to
Crypto Asset Management Market, Segmentation, Insight, Scope, & Insight by 2029.
Crypto Asset Management Market grows at a CAGR of 25.50% in the forecast period 2022-2029. Market Analysis & Size: Crypto Asset Management Market  Cryptocurrency is one of the more exciting investing prospects to emerge in recent years. An increasing number of institutional investors and wealth managers who have never invested in cryptocurrencies are getting ready to do so in the upcoming year as their prices continue to rise. The global market
Optical Waveguide Display Market, Segmentation, Insight, Scope, & Insight by 202 …
Optical Waveguide Display Market grows at a CAGR of 12.90% in the forecast period 2022-2029. Market Analysis & Insights: Optical Waveguide Display Market  Augmented reality (AR) portable and wearable devices have emerged as one of the greatest technology in past few years. Optical waveguide technology has the best potential to enable the consumer-grade AR glasses owing to its appearance, mass production capability and optical performance. It is being considered an unparalleled choice