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Global Air Traffic Management Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Airspace (ARTCC, TRACON, ATCT, and Remote Tower), Application (Communication, Navigation, Surveillance, and Automation), Offerings (Hardware, Software & Solutions, and Services), Airport Size (Large, Medium, and Small), Sector (Commercial, and Military & Defense) and Region (North America, Europe, APAC, Latin America, Middle East and Africa) – Industry Forecast from 2022 to 2027.

Published: March, 2023
ID: 10738
Pages: 175
Formats: report pdf report excel report power bi report ppt

Air Traffic Management Market Size (2022 to 2027)

The global air traffic management market was valued at USD 8.75 billion in 2022 and is foreseen to reach USD 10.7 billion by 2027, registering a CAGR of 4.1% from 2022 to 2027.

Air traffic management (ATM) is considered to cover all activities to ensure a safe and disciplined flow of air traffic without any errors. The most important objective of this management is to reduce the problem of congestion at airports. Air Traffic Control (ATC), Air Traffic Flow Management (AT n FM), and Airspace Management are among the crucial services of ATMs. This type of air traffic management is possible by combining essential services such as air traffic control and aeronautical information management. It is dynamic management that guarantees the safety of the airspace with adequate navigation services. Moreover, it regulates the flow of daily traffic. The main objective of air traffic control is to maintain a sufficient difference between aircraft to avoid collisions on the ground by suggesting the right direction during a flight. The management of air traffic flows and capacities mainly regulates the flow of aircraft in the most efficient way possible to avoid congestion.

Air traffic management (ATM) involves various systems that assist an aircraft from its departure to its landing at its destination, including the transit stage.

COVID-19 Impact on the air traffic management market:

The global coronavirus lockdown situation is expected to delay existing and planned projects for six months as communities and government businesses retreat following the shutdown of manufacturing and production. Their impact can be directly visible on raw materials and logistics and the realization of the project. Governments are expected to shift the focus from aviation procurement to disease control and infection protection equipment. They may divert the budget allocated for various ATM equipment to such equipment or use funds. Emergency, which can reduce the volume of future acquisitions or delay aeronautical infrastructure construction projects, could have short-term effects on players' revenues.

MARKET DRIVERS:

The construction of new airports and the expansion of existing airports have generated demand for air traffic management equipment worldwide. Several airports are also replacing outdated IT equipment with new, state-of-the-art equipment to improve the efficiency of air traffic management operations. Over the years, hardware costs have decreased, and reliability has increased mainly due to technological advances. The construction of new ATC towers is supposed to increase the need for more ATC equipment in the coming years. For instance, in November 2019, the Serbian and Montenegrin Air Traffic Services published their initiative to construct a new air traffic control tower at Serbian Konstantin Veliki Airport in Nis in 2021. It is also expected that the construction of a new ATC tower at Kolkata airport, India, will be completed before 2020. However, the procurement and installation of communication, surveillance and navigation equipment are supposed to be completed in 2021. Such developments will drive growth in this industry during the forecast period.

Growth in passenger traffic attracts investment in the market as airports increase their capacity to serve passengers. Some of the essential factors affecting the development of the air traffic management market include the increase in the number of airports, the need for better airspace management systems, and the number of passengers. In addition, the potential risk of cyber threats, the high cost of ATC systems, and the adoption of satellite air traffic control systems are also having a significant impact on the market. Each of these factors is estimated to have a definite impact on the global air traffic management market during the forecast period. Airports Council International (ACI) works for various airport authorities worldwide due to the increasing demand for air travel and the importance of investments in airport infrastructure.

MARKET RESTRAINTS:

The air traffic management and advisory system involve many material costs, such as screens, monitors, communication systems, radars, navigation, surveillance systems, etc. These systems often comprise advanced technology and complex engineering for implementing new developments. Various components and machines are used to establish a significant infrastructure for efficient systems. This factor makes the system a costly expense to develop the infrastructure for the airport facilities.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

CAGR

4.1%

Segments Covered

Airspace, Application, Offering, Airport size & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

This research report on the global air traffic management market has been segmented and sub-segmented into the following categories.

Air Traffic Management Market - By Airspace:

  • ARTCC       
  • TRACON   
  • ATCT         
  • Remote Tower       

Air Traffic Management Market - By Application:

  • Communication     
  • Navigation              
  • Surveillance            
  • Automation            

Air Traffic Management Market - By Offering:

  • Hardware 
  • Software & Solutions          
  • Services    

Air Traffic Management Market - By Airport Size:

  • Large         
  • Medium    
  • Small         

Air Traffic Management Market - By Sectors:

  • Commercial            
  • Military & Defense

Air Traffic Management Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

North America accounted for a significant share in this market due to the increasing military investments and the availability of market giants in this locale.

KEY MARKET PLAYERS:

The competitive landscape of the air traffic management and consulting market illustrates the dominance of select players such as Thales Group, Harris, Northrop Grumman Corporation, and Honeywell International. ATC's diverse product portfolio and increased investment in R&D and strategic acquisitions are some of the main factors responsible for the dominance of these companies.

RECENT MARKET DEVELOPMENTS:

  • In January 2019, The National Apprenticeship Training Scheme (NATS), the UK's air traffic management service provider, started testing an AI-powered digital tower at Heathrow to minimize flight delay issues. NATS has invested over £ 2.5million to understand how technology can support air traffic operations to gain a competitive advantage.
  • In May 2018, Harris Corporation, based in Florida, USA, won a $ 141 million contract with the Airports Authority of India (AAI) to develop a futuristic telecommunications infrastructure. This will improve network operation and aviation safety and improve air traffic management performance in India.

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FAQ's

What is the growth rate of the global air traffic management market?

The global air traffic management market is estimated to grow at a CAGR of 4.1% from 2022 to 2027.

Does this report include the impact of COVID-19 on the air traffic management market?

Yes, we have studied and included the COVID-19 impact on the global air traffic management market in this report.

Which region led the air traffic management market in 2021?

Geographically, the North American regional market accounted for the most significant share of the global air traffic management market in 2021.

Which are the significant players operating in the air traffic management market?

Thales Group, Harris, Northrop Grumman Corporation, and Honeywell International are some of the notable companies in the global air traffic management market.

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