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
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

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.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

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

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.