Global Air Traffic Management Market Size, Share & Trends Analysis Report, By Application, By Airspace, By End-Use, By Region Forecasts, 2024-2032

Global Air Traffic Management Market Size, Share & Trends Analysis Report, By Application, By Airspace, By End-Use, By Region Forecasts, 2024-2032

Global Air Traffic Management Market was valued at USD $ 8.8 billion in 2023 and is expected to reach US $ 17.7 billion by 2032 growing at a CAGR of 7.5% during the forecast period 2024 – 2032.

The high demand for air traffic services across a range of industries, including air traffic control, flight information, alerting, and the management of most vital operations resulting from the numerous flights that occur every day throughout the world, are the main factors propelling this expanding market. Additionally, this industry is predicted to see a rise in global passenger and freighter movements as well as air space congestion as a result of the expanding number of functional requirements within the current airspace. Consequently, our research indicates that there will be over 68 million foreign flights in 2021, representing a growth of around 17% over the previous year in 2020. At the top twenty airports in the world, 8.7 million movements, or 12 percent of all airport traffic, took place there. This was a 15.7% improvement over the same data the previous year.

“Air Traffic Services segment, by airspace, to be dominating market from 2023 to 2030.”

It is anticipated that the Air Traffic Services sector will account for the largest share of market in the upcoming years, contributing to the overall market expansion. They oversee and handle takeoff and movement at the control area of the airport terminal, which is located next to the tower that controls air traffic. The ultimate Air Traffic Management load at the destination airport is thereby significantly decreased. Instead of boosting staffing levels in the air, flow control is employed when air traffic management stress and workload drop on the ground. These kinds of problems enable the creation of markets and, consequently, the development of parts.

“Automation segment, by application, to be fastest growing market from 2023 to 2030.”

Automation is expected to grow significantly over the next several years, particularly in terms of adoption. The increased need for smart, environmentally friendly airports around the world has encouraged this. This development is also partly due to the growing popularity of IoT technologies. Demands for more interactive technological environments may increase, which could lead to an increase in the end use of autonomy.

“Commercial segment, by end user, to be dominating market from 2023 to 2030.”

In terms of end use, it is projected that in the upcoming years, the commercial end use will be a major focus of market attention. A subset of civil aviation known as ""commercial aircraft"" is used to describe scheduled airborne passenger and cargo transportation. Airlines would like to increase the size of their fleet as foreign travel becomes more popular and accessible to the general population. This will contribute to the remarkable expansion of the global commercial aviation sector throughout the forecast period.

“Europe to be largest region in Air Traffic Management market.”

In 2023, Europe led the market for air traffic management, and during the forecast period, it is anticipated that it will continue to do so. Modern technology is very beneficial to European airports since it makes it easier to regulate aviation traffic in the area and fosters the expansion of the regional economy as a whole. For instance, aeroplanes can be assisted in precisely and accurately navigating with the use of performance-based navigation technology. Additionally, the government granted the CAA additional authority to oversee national air space. It controls the terminal's local airspace. Once the aircraft leaves terminal airspace, the UK's Air Traffic Management Service, provided by NATS, assumes control. Moreover, airspace traffic management is conducted both domestically and globally. The Single European Sky project was previously established to enhance the effectiveness and control of air space utilisation in Europe. Furthermore, the CAA has added the Future Airspace Strategy, which outlines the UK's most recent efforts to improve air traffic efficiency.

However, during the projection period, APAC is anticipated to have the highest CAGR for air traffic management. The Asia-Pacific region's need for aviation transportation is expected to grow geometrically, according to an IEEE report for the twenty-first century. The reasons behind this are the development of a new airport in Korea and the growth of the current airports in Singapore, Hong Kong, and Shanghai. It is anticipated that the North Pacific traffic volume will increase by a factor of 2.9 in comparison to the previous year. In order to effectively handle this volume of air traffic, the MTSAT-based CNS/ATM system must be used. These elements have a favourable impact on the growth of the Asia-Pacific regional market, which in turn causes an increase in air traffic control.

Air Traffic Management Landscape

The competitive landscape of the Air Traffic Management market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Air Traffic Management technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Air Traffic Management market is highly competitive, with numerous companies vying for market share. Prominent companies in the Air Traffic Management Market include:

Major Players:

The Raytheon Company, BAE Systems plc, Thales Group, Indra Sistemas, Frequentis, Harris Corporation, Adacel, and others.

Recent Developments:

In March 2024, leading provider of cutting-edge technology worldwide, Thales, announced the release of the TopSky – ATC update, which tackles the difficulties of an unstable air traffic control environment (ATM). Through Alliance One, which guarantees safe and smooth operations despite expanding air traffic flows, Thales will also unite product users in an alliance of users with the goal of fostering a more effective and cooperative approach. TopSky - ATC offers air traffic controllers (ATCs) and ANSPs a number of advantages. TopSky - ATC's adaptable subscription service lets users customise updates to fit their unique requirements and budgets, and it lets ANSPs work with Thales on new product development and continuous technology improvements, all while guaranteeing cost effectiveness.

In order to continue assisting GCANS, Serco Group plc teamed up with the Ministry of Transport in December 2019 to expand the Air Traffic Management services it offered at the Baghdad airport.