Global Air traffic Management Market is valued at approximately USD 1.8 billion in 2017 and is anticipated to grow with a rate of more than 5 % over the forecast period 2018-2025.
The advancement is the air traffic management is considered as a major growth trend for the global air traffic management market. Key drivers for the air traffic management market are increasing investment on airports, modernization of air traffic management infrastructure and growing air traffic.
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For instance, in April 2019, government of Canada announced investment of about $16,250 for improving safety in the airport at the Sault Ste Marine Airport for improving airport emergency communication. Similarly, as per National Investment promotion and facility agency of India, Government is planning to invest about $120 billion investment in airport infrastructure. Further, as per the International Air Transport Association (IATA), about $1.5 trillion investment is estimated globally towards airport infrastructure development by 2030.
Thus, growing investment in airport modernization is supplementing the adoption & growth air traffic management market. Furthermore, growing need for unmanned aircraft system traffic management is expected to create lucrative growth prospects of the air traffic management market across the globe. However, stringent regulatory norms and high cost of air traffic control equipment’s act as a key restraint for the market during the forecast period.
On the basis of segmentation, the air traffic management market is segmented into application and end-user. The application segment is diversified into air traffic services, airspace management, air traffic flow management, capacity management, communication and navigation management and others. Aeronautical information management segment is expected to dominate the applications segment owing to owing to growing adoption of real-time aeronautical information for safe, efficient and economical air traffic management. On the basis of end-user segment the market is classified into commercial and tactical out of which is expected to grow at a lucrative rate. The commercial segment is dominating segment owing to extensive use of air traffic management for commercial air travel.
The regional analysis of air traffic management market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America holds the leading position in air traffic management market due to the implementation of traffic management technologies coupled with government support.
Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific is witnessed owing to the untapped opportunities in countries such as India and China. Further, development of greenfield airport coupled with modernization of airports are further creating growth opportunities for air traffic management market in the region.
The market players actively participating in the market include-
- Thales Group
- Aeronav Group
- BAE Systems PLC.
- Comsoft Solution GmbH
- Harris Corporation
- Honeywell International, Inc.
- Indra Sistemas, S.A.
- Lockheed Martin
- Northrop Grumman Corporation
- Saab AB
- Searidge Technologies
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Air Traffic Services (ATS),
- Airspace Management (ASM)
- Air Traffic Flow management
- Capacity Management
- Communication & Navigation Management
- Aerodrome Operations Management
- North America
- Asia Pacific
- Middle East & Africa
Furthermore, years considered for the study are as follows:
- Historical year – 2015, 2016
- Base year – 2017
- Forecast period – 2018 to 2025
Target Audience of the Global Air traffic management Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
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