Global Air Traffic Management Market was valued at USD $ 8.8 billion in 2023 and is expected to reach US $ 17.7 billion by 2032 growing at a CAGR of 7.5% during the forecast period 2024 – 2032.The Air Traffic Management market growth will be spurred by growing air passenger volume. The Air Traffic Management market is also set to grow due to growing adoption of machine learning and internet of things at airports.
ATC plays a dual role by making sure there is no collision between aircrafts as well as arranging the movements of different air traffic. Air traffic control encompasses three fundamental functions: surveillance of airspaces (for confirmation of aircraft presence), transmission of messages by air as well as navigational assistance.
The Air Traffic Management Trend Analysis
Digitalization and Automation:
NextGen: The Next Generation’s Air Traffic Management.
Tower Remote Services:
CDM: Collaborative Decision Making
Segmentation Analysis of the Air Traffic Management Market
By Airspace
Through analysis of Air Traffic Management industry, it is expected that the segment of the Air Traffic Management tower (ATMT) will capture the biggest chunk in the coming years hence the overall market growth. They manage and control take off as well as movement in the airport terminal control area directly by the Air Traffic Management Tower. As a result, the final Air Traffic Management load at the destination airport is greatly reduced. The flow control is implemented as the Air Traffic Managementler stress and workload on the ground decreases rather than in the air with increasing staffing level of Air Traffic Management. Such kinds of issues make the development of parts and thus the growth of markets possible.
By Application
In the next few years, automation is believed to see immense expansion especially in relation to adoption. This has been fostered by an increase in global demand for eco-friendly and smart airports. Also, the popularity of IoT solutions is one reason for this trend. The autonomy end use can also grow if there are increased demands for the more interactive technology ecosystems.
By End Use
Regarding to end use, the commercial end use is anticipated to be a key target of market focus in the following years. Commercial aircraft is a sub segment of civil aviation that refers to scheduled passenger and cargo carrying by air. As international tourism becomes more widespread and accessible to the general public, airline companies would strive to enhance their fleet size. This will help boost exceptional growth in worldwide commercial airplanes industry during the prediction period.
Regional Analysis of the Air Traffic Management Market
Europe remains as the leading market for Air Traffic Management while Asia-Pacific is expected to demonstrate the highest growing rate throughout the forecast period.
Europe dominated the Air Traffic Management market in 2020, and it is expected to maintain this lead throughout the five-year forecast period. European airports benefit a lot from improving technology, which facilitates regulation of aviation traffic in the region and promotes the regional market growth at large. For example, performance-based navigation technology can be used to help aircraft navigate with precise accuracy. Moreover, the government gave more power to CAA for managing national air space. It manages local terminal airspace. Subsequently, the UK’s Air Traffic Management Service Provided by NATS takes over once the aircraft depart terminal Airspace. Furthermore, airspace traffic management operates internationally and domestically. Previously, the project known as the Single European Sky had been set up in order to improve European air space use efficiency and management. Moreover, the Future Airspace Strategy, which indicates UK’s latest thinking to increase air traffic efficiency, is another addition by the CAA.
However, analysts are expecting the highest CAGR for Air Traffic Management end use in APAC, during the forecast period. As per the report of IEEE for the 21st century, aviation transport demand in Asia-Pacific region shall undergo a geometric rise. The expanding existing airports in Singapore, Hong Kong, Shanghai and the creation of a new airport in Korea are the causes for this. The traffic volume in the North Pacific is expected to rise by a factor of 2.9 against that of last year. To manage this amount of air traffic efficiently, it is necessary to utilize the CNS/ATM system that is based on MTSAT. These factors positively influence the expansion of the Asia-Pacific regional market, in turn, leading to a larger increase in Air Traffic Management.
Impact of Covid 19
In response, legislated restrictions have been put in place for the purpose of both domestic and overseas travels due to the COVID-19 crisis. As strict limits were set in place relating to air transport, the global aviation industry suffered a massive setback and reduction in passenger traffic. #
International Air Transport Association publish the analysis report, it estimates -55% world aviation revenues in the year of 2020.
These assumptions are based on the aftermath of many travels bans worldwide as well as massive reduction in air travellers since February 2020. Principal developing, developed countries are undergoing massive financial crisis owing to covid - 19. The globalization of the world economies has also affected the public and private investment. This implies that the next years will have an adverse impact on their chances of growing more businesses.
Top Key Players Covered Ship repairing Market
Key Industry Developments in the Air Traffic Management Market
| Report Components | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Quantitative Units | Revenue in US $ |
| Drivers | Increasing Air Traffic Around the Globe is Resulting in Need for Advanced ATM Solution, Growing New Airport Project in APAC to Fuel Market Growth During Forecast Period |
| Segments Covered | By Application: Communication, Navigation, Surveillance, Automation; By Airspace: Air Traffic Services, Air Traffic Flow Management, Airspace Management, Aeronautical Information Management; By End-Use: Commercial, Military |
| Countries Covered | U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the APAC, Others include Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina, Mexico, and Rest of South America as part of South America |
| Market Players Covered | The Raytheon Company, BAE Systems plc, Thales Group, Indra Sistemas, S.A., Frequentis, Harris Corporation, Adacel |
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