Growth opportunities in the Air Traffic Management Market look promising over the next six years. This is mainly due to the surge in demand for fast-speed transportation, growing preference towards the adoption of advanced technology, and increasing tourism.
Air Traffic Management Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Several drivers responsible for the growth of the global air traffic management market include the accelerating number of air travelers, augmenting tourism industry, rapid globalization, along with the increase in the faster mode of transportation. In accordance with the International Civil Aviation Organization (ICAO), the aggregate number of passengers transported on airport services throughout the world extended to 4.5 Billion in 2019, which raised by 3.6% than 2018, and the departures touched 38.3 Million in 2019. Therefore, the stimulating air travelers raised the air traffic. Also, the management accomplishes the aircraft requirements, efficiently regulates the capacity of aircraft flow, and eludes their congestion with the implementation of specific control centers.
Also, the increasing inclination towards the acquisition of sophisticated technology services, including wireless communication equipment and IoT devices, coupled with the productive usage of the Radar system for monitoring are anticipated to propel the market growth. For example, Thales Group, one of the major Aerospace companies, in 2021, revealed an RSM NG novel digital secondary surveillance radar system for structured and efficient air traffic management (ATM). The radar is supplied with a two-in-one meta-sensor, automatic dependent surveillance-broadcast (ADS-B), and radar (Mode S) for tracing 2,000 flights and disperses 64 simultaneous data outputs at different air traffic control centers (ATCC).
However, the rising cybersecurity risk at the time of data transfer through the air traffic management systems and the excessive cost of advanced information and communications technology (ICT) may hinder the market growth. The demand for these systems contracted during the widespread outbreak of coronavirus due to lockdown across countries and travel restrictions imposed.
Offerings Segment Drivers
Based on the offerings, hardware is expected to dominate the market over the forecast period. This is attributed to the expansion in the establishment of satellite communication devices to control the aircraft’s direction across airports.
Air Traffic Management Market’s leading Manufacturers:
- Northrop Grumman Corporation
- Indra Sistemas SA
- Raytheon Technologies Corporation
- Frequentis AG
- Adacel Technologies Limited
- Thales Group
- Leonardo S.p.A
- Saab AB
- SkySoft-ATM
- BAE Systems
Air Traffic Management Market Segmentation:
Segmentation by System
- Aeronautical Information Management
- Air Traffic Control
- Air Traffic Flow Management
- Airspace Management
Segmentation by Offerings
- Software & Solutions
- Hardware
Segmentation by Application
- Communication
- Navigation
- Surveillance
- Automation
Segmentation by End-Use
- Military & Defence
- Commercial
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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