The global air traffic management market is projected to grow at a significant CAGR during the forecast period. Air traffic management includes those systems which support the aircraft from its departure from an airport to its landing at a destination airport, including the transit phase. The primary factors that drive the growth of the market include the increased preferences of consumers towards air travel in comparison with other modes of travel. Besides, the new airport’s development and upgrading of existing airports across the globe are also contributing to the market growth during the forecast period.
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The increase in the aviation industry leads to an increase in the number of airports which in turn demands aircraft and hence management options. According to the International Air Transport Association (IATA), China is expected to replace the US as the world’s largest aviation market in 2024. Whereas India is projected to take over UK for third place in 2025, while Indonesia and Japan will be ranked 5th and 7th respectively. Additionally, it is estimated that for air travel around 817 million new passengers will be added to account for a total of 1.3 billion in 2035 in China. Whereas, 322 million new additional passengers will surplus to account for a total of 442 million in India, which directly affects the overall air traffic management market growth during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Air Traffic Management Market by Component
- Hardware
- Software
Global Air Traffic Management Market by System
- Air Traffic Control
- Airspace Management
- Air Traffic Flow Management
- Others
Global Air Traffic Management Market by End-User
- Commercial
- Tactical
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ACAMS Airport Tower Solutions
- Adacel Technologies Ltd.
- Advanced Navigation & Positioning Corp.
- Avinor AS
- Avitech GmbH
- BAE Systems Plc
- Frequentis AG
- Honeywell International Inc.
- Intelcan Technosystems Inc.
- L3 Harris Technologies inc.
- Leonardo S.p.A
- Lockheed Martin Corp.
- NATS Ltd.
- Northrop Grumman Corp.
- Raytheon Co.
- Saab AB
- Saipher ATC
- Searidge Technologies Inc.
- Serco Group PLC
- Thales Group
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global air traffic management system market. Based on the availability of data, information related to products & services, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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