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Global Air Traffic Management Market to Reach US$ 24.75 Billion by 2027, Catalyzed by Rising Passenger Traffic

Published on Aug 04, 2022

The latest report by IMARC Group, titled “Air Traffic Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global air traffic management market size reached US$ 13.7 Billion in 2021. Air traffic management (ATM) comprises various systems that assist the aircraft from departure to landing and during transit. Some of these systems include navigation, surveillance, communication, automation, and simulation systems. It directs aircraft to land at specific destinations, helps maintain optimal altitude or flight level while traveling, and prevents collisions or accidents. It also assists in improving passenger safety, enhancing predictability, offering real-time accuracy, consolidating different systems, and making collaborative decisions. As a result, ATM finds extensive applications across the aviation and aerospace industries. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.                          

Global Air Traffic Management Market Trends:

The rising passenger traffic due to the expanding global population, declining airline fares, and elevating consumer expenditure capacities represents the primary factor driving the market growth. Besides this, the growing popularity of air transport as the fastest and safest mode of traveling has strengthened the need for ATM solutions. In addition, governments of various countries are extensively investing in the modernization of ATM infrastructure, automation of existing ATM equipment, and building additional airport facilities. Along with this, the shifting focus toward expanding the existing airport infrastructure and constructing new airports to improve passenger handling capacities has augmented the product demand. Furthermore, the leading manufacturers are integrating ATM solutions with novel technologies, such as the internet of things (IoT), artificial intelligence (AI), unmanned traffic management, and flight data processing system (FDPS). In line with this, the increasing adoption of Information and Communications Technology (ICT) in ATM systems has catalyzed market growth. Other factors, including the surging risk of cyber threats, growing adoption of satellite-based air-traffic control (ATC) systems, rising usage of remote virtual towers, rapid digitization, and technological advancements, are also creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 24.75 Billion by 2027, growing at a CAGR of 10.4% during 2022-2027.

Market Summary:

  • Based on the domain, the market has been segmented into air traffic control, air traffic flow management, and aeronautical information management.
  • On the basis of the component, the market has been bifurcated into hardware and software.
  • The market has been divided based on the application into communication, navigation, surveillance, and automation.
  • Based on the end user, the market has been classified as commercial and military.
  • Region-wise, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.   
  • The competitive landscape of the market has also been examined, with some 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, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, and Thales Group.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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