Definition:
Air traffic management (ATM) is considered to cover all activities related to ensuring 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 ATM. This type of air traffic management is possible by combining important services such as air traffic control and aeronautical information management. It is a dynamic management which guarantees the safety of the airspace with adequate navigation services. Moreover, it regulates the flow of day to day 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 starting from its departure to its landing at its destination, including the transit stage.
Market overview:
The global air traffic management market was valued at $ 8.41 billion in 2020 and is foreseen to reach $ 11.50 billion by 2026, registering a CAGR of 4.1% from 2021 to 2026.
COVID-19 impact on Air Traffic Management Market:
The global coronavirus lockdown situation is expected to delay existing and planned projects by 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 currently expected to shift the focus from aviation procurement to disease control and infection protection equipment and may divert the budget allocated for various ATM equipment to such equipment or use funds from it. Emergency, which can reduce the volume of future acquisitions or delay aeronautical infrastructure construction projects, which could have short-term effects on players' revenues.
Recent Developments:
• January 2019 - The National Apprenticeship Training Scheme (NATS), the UK's air traffic management service provider, has 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 competitive advantage.
• 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, aviation safety and improve the performance of air traffic management in India.
Market Growth and Trends:
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, during November 2019, the Serbian and Montenegrin Air Traffic Services published about 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 the end of 2020. However, the procurement and installation of communication, surveillance and navigation equipment is supposed to be completed in 2021. Such developments will drive growth in this industry during the forecast period.
Market Drivers and Limitations:
Growth in passenger traffic attracts investment in the market as airports increase their capacity to serve passengers. Some of the important factors affecting the growth of the air traffic management market include the increase in the number of airports, the need for better airspace management systems, and the rise in the number of passengers. In addition, the potential risk of cyber threat, high cost of ATC systems, and adoption of satellite air traffic control systems are also having a significant impact on the market. Each of these factors is estimated to have definite impact on the global air traffic management market during the forecast period (2021-2026). Airports Council International (ACI) works for various airport authorities around the world due to the increasing demand for air travel and the importance of investments in airport infrastructure.
The air traffic management and advisory system involves a huge amount of material costs, such as screens, monitors, communication systems, radars, navigation, surveillance systems and others. These systems often comprise of advanced technology and complex engineering for implementing new developments. Various components and machines are used to establish a large infrastructure for efficient systems. This factor makes the system a costly expense to establish the infrastructure for the airport facilities.
Market segmentation:
The global air traffic management market is segmented based on airspace, application, offering, airport size, industry, and region.
By airspace, the market is segmented into ARTCC, TRACON, ATCT and remote tower segments. Additionally, ATC applications include communication, navigation, surveillance, and automation.
Based on the offerings, the market is segmented into hardware, software, and solutions and services.
In addition, the air traffic management market is segmented based on the size of the airport into large, medium and small.
By sectors, the air traffic management business is divided into commercial and military and defense.
Regional Analysis:
Based on the region, the global Air Traffic Control market is analyzed in North America, Europe, Asia Pacific, and Latin America, Middle East, and Africa (LAMEA), including country-level analysis for each region. Of these, North America accounted for the 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, along with increased investment in R&D and strategic acquisitions, are some of the main factors responsible for the dominance of these companies.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Air Traffic Management Market, By Airspace
6.1.1 ARTCC
6.1.2 TRACON
6.1.3 ATCT
6.1.4 Remote Tower
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Air Traffic Management Market, By Application
6.2.1 Communication
6.2.2 Navigation
6.2.3 Surveillance
6.2.4 Automation
6.2.5 Market Size Estimations & Forecasts (2021-2026)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Air Traffic Management Market, By Offering
6.3.1 Hardware
6.3.2 Software & Solutions
6.3.3 Services
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 Air Traffic Management Market, By Airport Size
6.4.1 Large
6.4.2 Medium
6.4.3 Small
6.4.4 Market Size Estimations & Forecasts (2021-2026)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
6.5 Air Traffic Management Market, By Sectors
6.5.1 Commercial
6.5.2 Military & Defense
6.5.3 Market Size Estimations & Forecasts (2021-2026)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Airspace
7.2.3 By Application
7.2.4 By Offering
7.2.5 By Airport Size
7.2.6 By Sectors
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Airspace
7.3.3 By Application
7.3.4 By Offering
7.3.5 By Airport Size
7.3.6 By Sectors
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Airspace
7.4.3 By Application
7.4.4 By Offering
7.4.5 By Airport Size
7.4.6 By Sectors
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Airspace
7.5.3 By Application
7.5.4 By Offering
7.5.5 By Airport Size
7.5.6 By Sectors
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Airspace
7.6.3 By Application
7.6.4 By Offering
7.6.5 By Airport Size
7.6.6 By Sectors
8. Key Player Analysis
8.1 Thales Group
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Harris
8.3 Northrop Grumman Corporation
8.4 Honeywell International
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
