Global Air Traffic Management Market to Reach US$ 35.9 Billion by 2032, Fueled by Rising Demand for Airspace Management

June 15, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “­­Air Traffic Management Market Report by Domain (Air Traffic Control, Air Traffic Flow Management, Aeronautical Information Management), Component (Hardware, Software), Application (Communication, Navigation, Surveillance, Automation), End User (Commercial, Military), and Region 2024-2032,” the global air traffic management market size reached US$ 16.6 Billion in 2023. Air traffic management (ATM) comprises a wide range of activities and technologies to manage air traffic from departure to arrival. It plays a crucial role in maintaining the efficiency, orderly movement within the airspace, and the safety of aircraft, passengers, and crew, while also maximizing the capacity of airspace and airports. ATM also involves managing and optimizing the flow of air traffic, taking into account factors like weather conditions, airspace restrictions, and airport capacity. Air traffic controllers monitor and direct aircraft, ensuring efficient routes, proper sequencing, and timely departures and arrivals. Technological advancements, such as automation, artificial intelligence (AI), and data analytics, are continually improving ATM systems, making them more efficient and capable of handling increasing air traffic demands.

Global Air Traffic Management Market Trends:

Air transportation is a vital and efficient mode of travel, offering speed and safety for passengers worldwide. The growth of the global population, the expanding economy, and the increased affordability of air travel has led to a significant surge in air passenger traffic, necessitating efficient ATM systems. In addition to this, governments of various countries are extensively investing in expanding airport infrastructure and the construction of new airport facilities, which, in turn, is creating a positive outlook for the market. Moreover, the rising cyber threats are impelling the adoption of advanced ATM technologies and practices, which is acting as another significant growth-inducing factor. Concurrent with this, the large-scale integration of information and communications technology (ICT) into ATM systems and the adoption of satellite-based air traffic control (ATC) systems are presenting remunerative growth opportunities for the market. Furthermore, ongoing technological advancements, such as automation, AI, machine learning (ML), and data analytics, have facilitated the development of more efficient ATM systems to enhance safety, capacity, and operational efficiency, which are aiding market expansion. Looking forward, the market value is projected to reach US$ 35.9 Billion by 2032, expanding at a CAGR of 8.6% during 2024-2032.

Market Summary:

  • On the basis of the domain, the market has been divided into air traffic control, air traffic flow management, and aeronautical information management. Currently, air traffic control dominates the market, holding the largest share.
  • Based on the component, the market is bifurcated into hardware and software. Between these, hardware represent the biggest market segment.
  • On the basis of the application, the market has been segregated into communication, navigation, surveillance, and automation.
  • Based on the end user, the market is categorized into commercial and military.
  • On a regional basis, the market has been segmented 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. Presently, Asia Pacific enjoys the leading position in the market.
  • 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.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Domain, Component, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Air Traffic Management Market to Reach US$ 35.9 Billion by 2032, Fueled by Rising Demand for Airspace Management
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