China Air Traffic Management Market Forecast 2023-2030KEY FINDINGS
The China air traffic management market growth is expected to progress at a CAGR of 5.08% during the forecast period, 2023-2030. One of the primary growth drivers is the increasing upgradation of infrastructure with the latest technologies.
MARKET INSIGHTS
In China, the Northern China Air Traffic Control Bureau’s control tower is equipped with a state-of-the-art guiding system that can automatically identify potential collisions between runways and aircraft on the aprons. In addition, the control tower can, in conjunction with an airport’s ground navigation system, assist pilots in landing or taking off in low visibility conditions.
Furthermore, the construction of new airports is estimated to facilitate the creation of new routes, which will further contribute to market growth. In addition, the aviation market is expected to continue to witness strong demands alongside an expanding civil fleet. Therefore, the country is adopting the strategy of Modernizing Air Traffic Management (CAAMS) to ensure a smooth transition to the new systems. Moreover, challenges like frequent flight delays and poor coordination have raised the need for more air traffic control reform measures.
COMPETITIVE INSIGHTS
Some of the prominent firms in the market include Leonardo SpA, Northrop Grumman, Honeywell, Raytheon Technologies, Lockheed Martin, etc.
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