Air Traffic Management in North America Market Size, Competitive Analysis and Forecast to 2028
Summary
Air Traffic Management in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Air Traffic Management (ATM) involves managing traffic in and around airports, airport terminals, and surrounding airspace. The market deals with ATM equipment and services. The main goal of air traffic management is to speed up the flow of air traffic and prevent planes from colliding with one another. One of the major market drivers is the growing volume of air traffic globally. As more people and goods travel by air, the need for efficient and effective air traffic management systems becomes crucial to ensure safety and optimize the use of airspace.
- The North American air traffic management market had total revenues of $3.9 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.03% between 2018 and 2023.
- The civil segment accounted for the market's largest proportion in 2023, with total revenues of $2.4 billion, equivalent to 61.4% of the market's overall value.
- North American countries such as the US and Canada are among the popular leisure and business travel destinations globally which results in high air traffic across the countries.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the air traffic management market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the air traffic management market in North America
- Leading company profiles reveal details of key air traffic management market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America air traffic management market with five year forecasts by both value and volume
- What was the size of the North America air traffic management market by value in 2023?
- What will be the size of the North America air traffic management market in 2028?
- What factors are affecting the strength of competition in the North America air traffic management market?
- How has the market performed over the last five years?
- What are the main segments that make up North America's air traffic management market?
- 1.Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2.Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3.Market Data
- 3.1. Market value
- 4.Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5.Market Outlook
- 5.1. Market value forecast
- 6.Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7.Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the recent developments in the market?
- 7.4. What significant partnerships have been established in recent years?
- 7.5. What are the most notable M&A deals in recent years?
- 8.Company Profiles
- 8.1. RTX Corporation
- 8.2. Northrop Grumman Corporation
- 8.3. Honeywell Aerospace
- 8.4. L3Harris Technologies, Inc.
- 9.Macroeconomic Indicators
- 9.1. Country data
- 10.Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 11.About GlobalData
- LIST OF TABLES
- Table 1: North America air traffic management market value: $ million, 2018–23
- Table 2: North America air traffic management market category segmentation: % share, by value, 2018–2023
- Table 3: North America air traffic management market category segmentation: $ million, 2018-2023
- Table 4: North America air traffic management market geography segmentation: $ million, 2023
- Table 5: North America air traffic management market value forecast: $ million, 2023–28
- Table 6: RTX Corporation: key facts
- Table 7: RTX Corporation: annual financial ratios
- Table 8: RTX Corporation: key employees
- Table 9: RTX Corporation: key employees Continued
- Table 10: Northrop Grumman Corporation: key facts
- Table 11: Northrop Grumman Corporation: annual financial ratios
- Table 12: Northrop Grumman Corporation: key employees
- Table 13: Northrop Grumman Corporation: key employees Continued
- Table 14: Honeywell Aerospace: key facts
- Table 15: Honeywell Aerospace: key employees
- Table 16: L3Harris Technologies, Inc.: key facts
- Table 17: L3Harris Technologies, Inc.: annual financial ratios
- Table 18: L3Harris Technologies, Inc.: key employees
- Table 19: L3Harris Technologies, Inc.: key employees Continued
- Table 20: North America exchange rate, 2019–23
- LIST OF FIGURES
- Figure 1: North America air traffic management market value: $ million, 2018–23
- Figure 2: North America air traffic management market category segmentation: $ million, 2018-2023
- Figure 3: North America air traffic management market geography segmentation: % share, by value, 2023
- Figure 4: North America air traffic management market value forecast: $ million, 2023–28
- Figure 5: Forces driving competition in the air traffic management market in North America, 2023
- Figure 6: Drivers of buyer power in the air traffic management market in North America, 2023
- Figure 7: Drivers of supplier power in the air traffic management market in North America, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the air traffic management market in North America, 2023
- Figure 9: Factors influencing the threat of substitutes in the air traffic management market in North America, 2023
- Figure 10: Drivers of degree of rivalry in the air traffic management market in North America, 2023
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