Air Traffic Management Market Report 2023-2028 | Industry Growth Rate (9.5%) and Forecast

According to the latest report by IMARC Group, titled "Air Traffic Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global air traffic management market size reached US$ 15.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028. Air traffic management (ATM) is a system that manages the safe and efficient movement of aircraft in the airspace. The primary goal of ATM is to ensure the safety of passengers and crew and to maximize the capacity of the airspace. It involves the utilization of a complex network of technologies, procedures, and regulations that work together to manage the flow of air traffic. It also works closely with other stakeholders, such as airlines, airport operators, and meteorological agencies, to coordinate the movement of aircraft. Some of the key components of ATM include air traffic control towers, air route traffic control centers, ground-based navigation aids, and communication systems.

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Global Air Traffic Management Market Trends:

The global market is primarily driven by significant growth in the aviation industry. Along with this, the increasing number of air passengers traveling for both business and leisure purposes is providing a boost to the market. Coupled with the rising airspace congestion level, leading to delays and increasing costs for airlines is significantly supporting the demand for air traffic management. Since safety is the top priority in the aviation industry, and ATM plays a critical role in ensuring the safety of passengers and crew, which is driving the demand for advanced ATM solutions across the globe. Other factors, including rapid urbanization, continual technological advancements and escalating need to reduce fuel consumption and emissions, are also positively influencing the market.

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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

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
• Market Outlook
• 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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