Global Air Traffic Management Market to Reach $38.4 Billion by 2030
The global market for Air Traffic Management estimated at US$17 Billion in the year 2023, is expected to reach US$38.4 Billion by 2030, growing at a CAGR of 12.3% over the period 2023-2030. Air Traffic Management Hardware, one of the segments analyzed in the report, is expected to record 11.8% CAGR and reach US$22.8 Billion by the end of the analysis period. Growth in the Air Traffic Management Software & Solutions segment is estimated at 13% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 15.9% CAGR
The Air Traffic Management market in the U.S. is estimated at US$4.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.1 Billion by the year 2030 trailing a CAGR of 15.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 10.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.5% CAGR.
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