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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Air traffic management (ATM) includes navigation, surveillance, communication, and automation and simulation systems. It assists in directing aircraft to land at specific places, maintaining optimal height while traveling, and ensuring passenger safety. It also helps in improving safety and predictability, making collaborative decisions, offering real-time accuracy, and consolidating different systems. At present, several manufacturers are integrating the latest technologies, such as unmanned traffic management, internet of things (IoT), artificial intelligence (IA), light data processing system (FDBS), with existing ATM solutions.
Air Traffic Management Market Trends:
Air transport represents one of the fastest and safest modes of traveling across the globe. This, in confluence with the economic growth and a rapid increase in the global population, represents one of the key factors positively influencing the need for ATM. Moreover, there is a rise in passenger traffic on account of decreasing flight fares, which has led to an increase in the demand for better airspace management. As a result, government authorities of numerous countries are focusing on the modernization of ATM infrastructure and building additional airport facilities. This, along with the potential risk of cyber threats and the growing adoption of the satellite-based air-traffic control (ATC) systems, is driving the market. However, the outbreak of the coronavirus disease (COVID-19) pandemic and the imposition of lockdown, as well as travel restrictions on domestic and international flights adversely impacted the aviation sector. This, in turn, reduced sales of ATM solutions until the upliftment of travel restrictions were announced. The rising use of Information and Communications Technology (ICT) in ATM systems, along with the increasing strategic partnerships and collaborations among leading market players to retain their position, is projected to fuel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global air traffic management market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on domain, component, application and end user.
Breakup by Domain:
Air Traffic Control
Air Traffic Flow Management
Aeronautical Information Management
Breakup by Component:
Breakup by Application:
Breakup by End User:
Breakup by Region:
Middle East and Africa
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 and Thales Group. Key Questions Answered in This Report:
How has the global air traffic management market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global air traffic management market?
What are the key regional markets?
What is the breakup of the market based on the domain?
What is the breakup of the market based on the component?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global air traffic management market and who are the key players?
What is the degree of competition in the industry?