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Air Traffic Management Market Share

Report ID: GMI3297
Published Date: Sep 2023
Report Format: PDF

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Air Traffic Management Market Share

Major players operating in the air traffic management market are:

Thales Group (France)
Raytheon Technologies Corporation (US)
L3Harris Technologies Inc. (US)
Indra Sistemas
S.A. (Spain) and Saab AB (Sweden).

These players focus on strategic partnerships and new product launches & commercialization for market expansion. They are also heavily investing in research to introduce innovative products and garner maximum revenue in the market.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for air traffic management was valued at USD 8.5 billion in 2022 and will register over 5% CAGR from 2023-2032 due to the increasing popularity of air traveling across the globe.

The hardware component segment recorded over 55% share of the air traffic management market in 2022 and will witness significant growth from 2023-2032 on account of its safety, efficiency, and sustainability.

North America held over 30% share of the air traffic management industry in 2022 and is expected to register appreciable CAGR from 2023-2032 owing to the growing initiatives aimed at upgrading the national airspace in the region.

Thales Group (France), Raytheon Technologies Corporation (US), L3Harris Technologies, Inc. (US), Indra Sistemas, S.A. (Spain), and Saab AB (Sweden) are some of the major air traffic management companies worldwide.