Air Traffic Management Market

Air Traffic Management Market

Growth Factors of Air Traffic Management Market

The global air traffic management market size was valued at USD 14.25 billion in 2023 and is projected to grow from USD 14.79 billion in 2024 to USD 19.46 billion by 2032, exhibiting a CAGR of 3.49% during the forecast period of 2024-2032.

The COVID-19 pandemic caused reduced air visitors, slowing calls for Air Traffic Management offerings and delaying infrastructure initiatives. However, recovery efforts have renewed awareness of modernisation, impeding the air traffic management market growth.

Growing air passenger site visitors push the boom of the Air Traffic Management market, the need for better airspace efficiency, advancements in verbal exchange technologies, and modernisation of aviation infrastructure to help more secure, greater efficient air travel.

The Air Traffic Management (ATM) marketplace is in the present process of tremendous transformation, driven by improvements in a generation. Next-generation ATM systems revolutionise airspace control, leading to stepped-forward efficiency and decreased delays, expanding the air traffic management market share globally. Additionally, records analytics and AI are being harnessed to optimise air site visitor control operations and enhance selection-making. The integration of unmanned aerial vehicles (UAVs) into airspace also needs revolutionary ATM solutions to ensure safe and green operations. These superior technologies are together shaping the destiny of ATM, making sure more secure and extra green air journeys.

Comprehensive Analysis of Air Traffic Management Market

The Air Traffic Management marketplace is segmented primarily based on element, airspace, software, and stop-person. By factor, it consists of hardware, software, and services, with the software program section seeing considerable growth because of elevated digitisation. Airspace segmentation includes ARTCC, TRACON, ATCT, and far-off towers, with ARTCC dominating due to its crucial role in high-altitude, en-path traffic. Applications are labelled into verbal exchange, navigation, surveillance, and automation, wherein automation is expected to develop swiftly. The marketplace is similarly divided into end-customers, including commercial and military aviation, with the commercial area mainly due to growing global air travel.

The North America region led the air traffic management market by benefitting a size of USD 4.46 billion in 2023 due to the big aviation industry and the non-stop adoption of next-era technologies to enhance airport and plane operation efficiency; the dominant percentage is maintained.

The leading Air Traffic Management market players significantly influence its growth trajectory and set industry standards. These key players, including Thales Group (France), Raytheon Technologies Corporation (U.S.), Indra Sistemas, S.A. (Spain), L3Harris Technologies, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Honeywell International, Inc. (U.S.), BAE Systems PLC (U.K.), Saab AB (Sweden), Lockheed Martin Corporation (U.S.), and Capgemini S.E. (France), contribute to a competitive landscape, driving innovation and advancing market development.

In February 2021, BAE Systems Plc secured a multi-year settlement worth USD 65.7 million from the U.S. Navy to supply sustainment and engineering services for air site visitors manipulate (ATC) structures. As a part of the settlement, the company will broaden and maintain operational software, support testbeds, implement discipline trade programs, and supply essential additives for ATC systems.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 3.49% from 2024 to 2032

Segmentation

By System

- Air Traffic Services

- Air Traffic Flow Management

- Airspace Management

- Aeronautical Information Management

By Airport Type

- Domestic

- International

By Component

- Hardware

- Software

- Services

By End User

- Commercial

- Military

By Geography

- North America (By System, Airport Type, Component, End User, and Country)

• U.S. (By End User)
• Canada (By End User)

- Europe (By System, Airport Type, Component, End User, and Country)

• U.K. (By End User)
• Germany (By End User)
• France (By End User)
• Russia (By End User)
• Rest of Europe (By End User)

- Asia-Pacific (By System, Airport Type, Component, End User, and Country

• Japan (By End User)
• China (By End User)
• India (By End User)
• Australia (By End User)
• Rest of Asia-Pacific (By End User)

- Middle East (By System, Airport Type, Component, End User, and Country)

• Saudi Arabia (By End User)
• UAE (By End User)
• Israel (By End User)
• Turkey (By End User)
• Rest of Middle East (By End User)

- Rest of the World (By System, Airport Type, Component, End User, and Country)

• Latin America (By End User)
• Africa (By End User)


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