Global Air Traffic Management Market: Information by Type (ATC, ATFM, & AIM), Component (Hardware & Software), Airport Type (Greenfield & Brownfield), System (Communication, Navigation, Surveillance, & Automation & Simulation), & Region—Forecast till 2023
Air Traffic Management Market Scenario:
Air traffic management (ATM) encompasses all systems that assist aircraft operations at airports and in airspace. Air traffic control (ATC), air traffic flow management (ATFM), and aeronautical information management (AIM) all fall under the purview of ATM. ATC directs aircraft on the ground and through controlled airspace. It plays an important role in ensuring minimal flight delays during bad weather. Advancements in communication and data processing technologies have led to increased demand for ATC systems. The installation of advanced equipment across the world and the development of microelectronics for ATM offer growth opportunities to market players. Moreover, the growing air traffic has led to the need for better communication.
Increasing airspace congestion and the subsequent demand for reliable air traffic infrastructure and the modernization of airports are the key factors driving the growth of the air traffic management market. Furthermore, the focus on commercializing unmanned aerial vehicles (UAVs), vertical take-off and landing aircraft, and hybrid aircraft necessitates new ATM infrastructure. However, a lack of skilled workforce to operate modern ATC systems and rising cyber threats are expected to hinder market growth during the forecast period.
Air Traffic Management Market Segments:
The global air traffic management market has been segmented based on type, component, airport type, system, and region. By platform, the global air traffic management market has been segmented into air traffic control, air traffic flow management, and aeronautical information management. The air traffic control segment is expected to account for the largest market share while the air traffic flow management segment is projected to register the highest CAGR during the forecast period. A focus on implementing new ATC systems to cater to the ever-increasing air traffic and airspace congestion is driving the growth of the air traffic control segment market.
Based on component, the global air traffic management market has been divided into hardware and software. The hardware segment is projected to be larger during the forecast period as the entire ATM process depends on the hardware deployed to collect real-time information, transmit data, and maintain an orderly flow of air traffic on the ground and in the air. The software segment is expected to exhibit the higher CAGR during the forecast period. The use of software ensures enhanced safety and simplifies the ATM process.
On the basis of airport type, the air traffic management market has been classified as greenfield and brownfield. The greenfield segment is expected to grow at the faster pace during the assessment period as further expansion of airports and modernization of airport systems are possible only in these type of airports.
In terms of system, the air traffic management market has been segmented into communication, navigation, surveillance, and automation and simulation. The communication segment is projected to account for the largest market share during the review period as these systems are vital in directing flights based on distance, height, and time of approach.
Based on region, the global air traffic management market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America was the largest market in 2017 due to stringent air safety regulations in the US and Canada. However, Asia-Pacific is expected to be the fastest-growing regional market during the forecast period due to the high demand for ATM systems in the modernization of airports.
Considering the increasing demand for ATM, the global aircraft air traffic management market is estimated to register a CAGR of approximately 9% during the forecast period of 2018 to 2023.
Key Players in Air Traffic Management Market:
The key players in the global air traffic management market are Frequentis Comsoft GmbH (Germany), BAE Systems (UK), Saab AB (Sweden), Honeywell International Inc. (US), Northrop Grumman Corporation (US), Harris Corporation (US), Indra Sistemas, SA (Spain), Raytheon Company (US), Thales Group (France), and ANPC (US).
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