Global Air Traffic Management Market Size Study & Forecast, by Domain (Air Traffic Control, Air Traffic Flow Management, and Aeronautical Information Management), by Component (Hardware, Software) and Regional Analysis, 2023-2030
Global Air Traffic Management Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2023-2030. The management of air traffic in and around airports and associated airspace is known as Air Traffic Management. This process involves the integration of air traffic services, airspace management, and air traffic flow management to ensure the safe and dynamic handling of air traffic. The increasing number of airports globally is driving the growth of this market, with rapid modernization of airports further boosting the air traffic management sector.
The introduction of low-cost flights has resulted in an increase in air traffic over the years. With an increase in air passenger traffic, airlines are expanding their aircraft fleet and improving the comfort and services offered to passengers on both domestic and international flights. According to the International Air Transport Association (IATA), the number of air passengers is projected to reach 7.2 billion by 2035. As air traffic continues to increase, greater efficiency and air transportation safety become crucial. Technological advancements, such as the introduction of AI in the aviation industry, are also contributing to the growth of the market. However, the high cost of ATM systems hinder the global air traffic management market's growth during the forecast period 2023-2030.
The key regions considered for the Global Air Traffic Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific region dominates the market, with robust investments towards constructing new airports and expanding existing airports in regions such as China and India. In January 2022, the Civil Aviation Administration of China (CAAC) announced plans to build more than 270 civil transport airports in the country by 2025. The construction of new airports would allow the country to handle around 17 million aircraft movements annually and increase the passenger and cargo handling capacities to 930 million passengers and 9.5 million tonnes, respectively. Such developments would require advanced air traffic management systems to ensure high levels of safety and operational efficiency. North America is expected to see significant growth in air traffic management systems due to the rapid technological advancements in the industry. Several companies are receiving contracts from defense organizations to develop improved air traffic management systems that enhance communication capabilities. For instance, in April 2022, Raytheon Intelligence & Space completed the installation of the first Global ASNT System for the U.S. Air Force, which provides advanced command and control capabilities to the Air Force's nuclear bomber fleet.
Major market players included in this report are:
Societe Internationale de Telecommunications Aeronautiques (SITA)
Northrop Grumman Corporation
Honeywell International Inc.
Thales Group
L3Harris Technologies, Inc.
Raytheon (RTX) Corporation
Indra Sistemas, S.A
Saab AB
BAE Systems plc
Lockheed Martin Corporation
Recent Developments in the Market:
In March 2022, Bharat Electronics Limited (BEL) partnered with the Airports Authority of India (AAI) to research and develop systems for air traffic management and surface movement of aircraft at airports, supporting the Make in India Initiative. Such investments into the development and introduction of new ATM systems are expected to drive the growth prospects of the air traffic management market in the Asia-Pacific region over the forecast period.
In April 2022, The City of Concord and Kongsberg Defense & Aerospace signed a partnership agreement to modernize the air traffic control system at the Concord-Padgett Regional Airport. The airport will test remote tower technology, which replaces traditional air traffic control towers with a remote tower.
In April 2022, Raytheon launched the first Global Aircrew Strategic Network Terminal system to modernize existing protected communications systems and add new capabilities for nuclear and non-nuclear command and control.
Global Air Traffic Management Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Domain, Component, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
By Domain:
Air Traffic Control
Air Traffic Flow Management
Aeronautical Information Management
By Component:
Hardware
Software
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
Societe Internationale de Telecommunications Aeronautiques (SITA)
Northrop Grumman Corporation
Honeywell International Inc.
Thales Group
L3Harris Technologies, Inc.
Raytheon (RTX) Corporation
Indra Sistemas, S.A
Saab AB
BAE Systems plc
Lockheed Martin Corporation
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