Air Traffic Management (ATM) Market Overview :
Global Air Traffic Management (ATM) Market is estimated to reach $141.4 billion by 2025; growing at a CAGR of 12.6% from 2017 to 2025. Air traffic management systems support aircraft to depart from an airport, transit airspace, & land at a destination airport. Various air traffic management systems include air traffic flow management (ATFM), air traffic control (ATC), and aeronautical information management (AIM). Air traffic management finds various applications such as communication, navigation, surveillance, and automation & simulation. Technological developments in air traffic management systems & various initiatives taken by governments globally to decrease environmental effect of the aviation industry is expected to boost the growth of the air traffic management (ATM) market over the forecast period.
Upgradation of air traffic management infrastructure, expansion of new airports infrastructure, and increasing air traffic are the factors driving the growth of the Air Traffic Management (ATM) Market. However, strict regulatory standards and high cost may hinder the growth of the market. Moreover, development in emerging economies, and air traffic management (ATM) infrastructure for abandoned airspace might provide with several growth opportunities in the forecasted years.
The global air traffic management (ATM) Market is segmented on the basis of system, domain, investment type, airport class, application, and geography. The market is segmented by system as hardware, and software. Domain comprises air traffic control (ATC), air traffic flow management (ATFM), aeronautical information management (AIM). Further, the market is segmented by investment type as greenfield, and brownfield. Airport class includes class A, class B, class C, and class D. Moreover, application is further sub segmented into communication, navigation, surveillance, and automation & simulation.
Based on geography, global air traffic management (ATM) market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include Thales Group, Indra Sistemas, S.A., Raytheon Company, Harris Corporation, Honeywell International, Inc., Northrop Grumman Corporation, Comsoft Solution GmbH, Saab AB, BAE Systems PLC., Advanced Navigation and Positioning Corporation, among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Air Traffic Management (ATM) Market with respect to major segments such as system, domain, investment type, airport class, and application
- The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Air Traffic Management (ATM) Market has been included in the report
- Profile of the key players in the Global Air Traffic Management (ATM) Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Air Traffic Management (ATM) Market
- Air Traffic Control (ATC)
- Air Traffic Flow Management (ATFM)
- Aeronautical Information Management (AIM)
Investment Type Segments
Airport Class Segments
- Class A
- Class B
- Class C
- Class D
End User Segments
- Automation & Simulation
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East