Air Traffic Management Market Size to exceed $10bn by 2025

Air Traffic Management Market size is anticipated to exceed USD 10 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

The rise in passenger traffic and improvement in the global economy will augment air traffic management market growth over the study timeframe. Air traffic in Asia Pacific is increasing and countries including India and China are looking for new airport developments to cater to the increasing traffic. For instance, in 2019, India invested in two upcoming airports for Rajkot and Ahmedabad. China is investing in six new airports, which are expected to be completed by 2020.

 

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The Federal Aviation Administration (FAA) along with other regulatory bodies is overseeing operations of air traffic management across the region. These authorities focused on providing customers with improved air traffic management facilities owing to the increased air passenger demand. Airports are focusing on upgrading the existing systems and providing advanced air traffic control services, proliferating air traffic management market demand. The rise in corporate travel, tourism, and freight transportation due to the increasing globalization has resulted in the increased frequency of flights, creating requirements for a more efficient air traffic management system. To these drivers, the EU initiated single European sky in 2014. The main aim of the SES framework is to defragment the European airspace and enhance air traffic management standards.
 

Air Traffic Management Market

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Hardware is expected to witness significant gains over the forecast period with the rise in new airport investments. The hardware solution is necessary for carrying out various operations with the help of navigation, communication, and surveillance systems. The technological advancements in hardware will enhance the safety and user experience. The expansion of the existing airports and construction of new airports have generated a high demand for air traffic management hardware components across the globe. The countries including Indonesia and Australia are planning to come up with new airports by 2025.
 

Browse key industry insights spread across 260 pages with 298 market data tables & 32 figures & charts from the report, “Air Traffic Management Market Size By Component (Hardware {Communication, Navigation, Surveillance}, Software), By System (Air Traffic Control, Airspace Management, Air Traffic Flow Management, Aeronautical Information Management), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, New Zealand, Singapore, Australia, Vietnam, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Rwanda, Kuwait, Tanzania, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/air-traffic-management-market
 

The air traffic control system will register a growth of over 3% by 2025 due to the growing adoption of new technology, increasing application of artificial intelligence, 4D trajectory prediction systems and other software are continuously upgrading systems of air traffic control. The air traffic control provides major services in airports, which include clearance for aircraft landing & takeoff and provides instructions for aircraft on the ground. The main aim of this system is to prevent aircraft collision with other aircraft and equipment at the time of maneuvering on the ground and in air.
 

Asia Pacific dominates market size due to increasing number of new airport investments in countries including Australia, China, India, Vietnam, and Indonesia. The growth in the economy has led to the increasing passenger traffic and cargo movement in this region. The airport authorities are investing in regional connectivity and infrastructure development of the existing airport to accommodate the increasing passenger and cargo movements.
 

The Middle East & Africa air traffic management market share will witness over 3% CAGR over the study timeframe with huge investments in the aviation industry. The liberalization of regulations will also drive the market. According to the CAPA, the Middle East is set to invest over USD 20 billion in various airport projects between 2018 to 2021. For instance, Tehran Imam Khomeini International Airport Iran is set to complete its expansion in 2020, investing USD 2.8 billion. The expansion of Riyadh King Khaled International Airport in Saudi Arabia is expected to be completed by 2021, with an investment of over USD 4.0 billion.
 

The marketplace is consolidated with the presence of major industry participants including Raytheon, Harris Corporation, Thales Group, Saab AB, and Northrop Grumman Corporation, strengthening their R&D capabilities for developing innovative solutions incorporating advanced technologies. For instance, in 2018, Park Air Systems, a subsidiary of Northrop Grumman (UK) delivered Sapphire ATM Communication System to four remote stations in Poland. The four new systems delivered to the Polish Air Navigation Service Agency (PANSA) and serve Warsaw Frederic Chopin Airport.
 

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The air traffic management market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2025, for the following segments:

By Component

  • Hardware
    • Communication
    • Navigation
    • Surveillance
  • Software

By System

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

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Vietnam
    • Singapore
    • Australia
    • New Zealand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Colombia
  • Middle East & Africa
    • Saudi Arabia
    • Egypt
    • UAE
    • South Africa
    • Rwanda
    • Kuwait
    • Tanzania

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