Air Traffic Management Market Growth, Size, Trends, Scope, Challenges and Future Opportunities
Air Traffic Management Market Size- By Domain, By Component, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: IACT23128 | Pages: 1 - 246 | Formats*: |
| Category : Information & Communications Technology | |||
Air Traffic Management Market Introduction and Overview
According to SPER Market Research, the Global Air Traffic Management Market is estimated to reach USD 20.54 billion by 2033 with a CAGR of 7.72%.
The report includes an in-depth analysis of the Global Air Traffic Management Market, including market size and trends, product mix, distribution channels, and supplier analysis. The system and practises used to ensure the effective and safe management of air traffic around the world are referred to as air traffic management (ATM). With the goal of facilitating the orderly flow of aircraft from departure to destination, it encompasses a wide range of activities, technologies, and regulations. ATM's main goals are to maintain aircraft separation, avoid collisions, and maximise the use of available airspace and airport capacity, all of which contribute to increased safety and effectiveness in aviation operations.
- Increasing air travel: The demand for air travel has been steadily increasing due to factors like globalisation, economic expansion, and rising disposable incomes, which has increased the amount of air traffic. In order to handle the increased demand, air traffic management systems must be expanded and improved.
- Technological advancements: The effectiveness and safety of air traffic management have been greatly improved by ongoing technological developments, including automation, artificial intelligence, and data analytics. The uptake of these cutting-edge technologies fuels market expansion.
Market Opportunities and Challenges
The effectiveness and safety of air traffic management have been greatly enhanced by the ongoing progress in technology, including developments in satellite-based navigation systems, automation, artificial intelligence, and data analytics. The market's growth is greatly aided by the integration of these cutting-edge technologies. For the safety and effectiveness of air travel, governments and regulatory bodies also impose stringent rules and guidelines. Air traffic management systems must be upgraded and modernised in order to comply with these requirements, which further fuels the market's expansion.
The aviation industry is facing challenges in air traffic management systems due to the rising congestion in the airspace and limited capacity to accommodate increased air traffic. The surge in air traffic has resulted in various issues, including delays, reduced operational efficiency, and difficulties in maintaining safe distances between aircraft. These constraints have led to a need for improved strategies and technologies to manage and optimize air traffic. The industry is actively seeking solutions to enhance airspace capacity, implement more efficient routing systems, and adopt advanced technologies such as automation and artificial intelligence to mitigate the impact of air traffic congestion and ensure safe and smooth operations in the skies.
Market Competitive Landscape
Airbus, Honeywell, Lockheed Martin, and Thales Group are among the well-known market leaders in the highly competitive global air traffic management market. Adacel Technologies, Indra Sistemas, and Saab AB are important companies that support the market's competitiveness. Maintaining a competitive edge in addressing the issues caused by air traffic congestion and constrained airspace capacity requires ongoing research, technological advancements, and partnerships with governments and stakeholders. The dynamic nature of the market encourages innovation and motivates businesses to strive for excellence in offering effective solutions for air traffic management.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Domain, By Component, By Application, By End User |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Adacel Technologies Limited, Advanced Navigation and Positioning Corporation, Airbus SE, Honeywell International Inc., Indra Sistemas S.A., L3Harris Technologies Inc., Leidos, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation. |
COVID-19 Impact on Global Air Traffic Management Market
Air travel drastically decreased as a result of the COVID-19 pandemic due to travel restrictions, lockdown procedures, and passenger concerns about their health and safety. As a result, there was a significant drop in air traffic, which had a negative impact on how often air traffic management systems were used. Due to the decline in air travel, industry stakeholders, including airlines, airports, and others, experienced severe financial hardship. These organisations found it difficult to allocate funds for modernising the air traffic management infrastructure and implementing new technologies due to budget constraints and declining revenues.
Key Target Audience:
- Air Navigation Service Providers (ANSPs)
- Airlines
- Airports
- Aviation Authorities and Regulatory Bodies
- Government Agencies
- Industry Associations and Consultants
- Technology Providers and Solution Integrators
- Others
Our in-depth analysis of the Philippines Medical Education Market includes the following segments:
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Key Topics Covered in the Report:
- Global Air Traffic Management Market Size (FY’2023-FY’2033)
- Overview of Global Air Traffic Management Market
- Segmentation of Global Air Traffic Management Market By Domain (Aeronautical Information Management, Air Traffic Control, Air Traffic Flow Management)
- Segmentation of Global Air Traffic Management Market By Component (Hardware, Software)
- Segmentation of Global Air Traffic Management Market By Application (Automation, Communication, Navigation, Surveillance)
- Segmentation of Global Air Traffic Management Market By End User (Commercial, Military)
- Statistical Snap of Global Air Traffic Management Market
- Expansion Analysis of Global Air Traffic Management Market
- Problems and Obstacles in Global Air Traffic Management Market
- Competitive Landscape in the Global Air Traffic Management Market
- Impact of COVID-19 and Demonetization on Global Air Traffic Management Market
- Details on Current Investment in Global Air Traffic Management Market
- Competitive Analysis of Global Air Traffic Management Market
- Prominent Players in the Global Air Traffic Management Market
- SWOT Analysis of Global Air Traffic Management Market
- Global Air Traffic Management Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Air Traffic Management Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Air Traffic Management Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Air Traffic Management Market
7. Global Air Traffic Management Market, By Domain (USD Million)
7.1. Global Air Traffic Management Market Value Share and Forecast, By Domain, 2023-20337.2. Aeronautical Information Management7.3. Air Traffic Control7.4. Air Traffic Flow Management
8. Global Air Traffic Management Market, By Component (USD Million)
8.1. Global Air Traffic Management Market Value Share and Forecast, By Component, 2023-20338.2. Hardware8.3. Software
9. Global Air Traffic Management Market, By Application (USD Million)
9.1. Global Air Traffic Management Market Value Share and Forecast, By Application, 2023-20339.2. Automation9.3. Communication9.4. Navigation9.5. Surveillance
10. Global Air Traffic Management Market, By End User (USD Million)
10.1. Global Air Traffic Management Market Value Share and Forecast, By End User, 2023-203310.2. Commercial10.3. Military
11. Global Air Traffic Management Market Forecast, 2019-2033 (USD Million)
11.1. Global Air Traffic Management Market Size and Market Share
12. Global Air Traffic Management Market, By Domain, 2019-2033 (USD Million)
12.1. Global Air Traffic Management Market Size and Market Share By Domain (2019-2026)12.2. Global Air Traffic Management Market Size and Market Share By Domain (2027-2033)
13. Global Air Traffic Management Market, By Component, 2019-2033 (USD Million)
13.1. Global Air Traffic Management Market Size and Market Share By Component (2019-2026)13.2. Global Air Traffic Management Market Size and Market Share By Component (2027-2033)
14. Global Air Traffic Management Market, By Application, 2019-2033 (USD Million)
14.1. Global Air Traffic Management Market Size and Market Share By Application (2019-2026)14.2. Global Air Traffic Management Market Size and Market Share By Application (2027-2033)
15. Global Air Traffic Management Market, By End User, 2019-2033 (USD Million)
15.1. Global Air Traffic Management Market Size and Market Share By End User (2019-2026)15.2. Global Air Traffic Management Market Size and Market Share By End User (2027-2033)
16. Global Air Traffic Management Market, By Region, 2019-2033 (USD Million)
16.1. Global Air Traffic Management Market Size and Market Share By Region (2019-2026)16.2. Global Air Traffic Management Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Adacel Technologies Limited17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Advanced Navigation and Positioning Corporation17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Airbus SE17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Honeywell International Inc.17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Indra Sistemas S.A.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. L3Harris Technologies Inc.17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Leidos,17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Leonardo S.p.A.17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Lockheed Martin Corporation17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Northrop Grumman Corporation17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Air Traffic Management Market is projected to reach USD 20.54 billion by 2033, growing at a CAGR of 7.72% during the forecast period.
Air Traffic Management Market grew in market size from 2023. The Market is expected to reach USD 20.54 billion by 2033, at a CAGR of 7.72% during the forecast period.
Air Traffic Management Market CAGR of 7.72% during the forecast period.
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Air Traffic Management Market size is USD 20.54 billion from 2023 to 2033.
Air Traffic Management Market Segment is Covered By Domain, By Component, By Application, By End User
The North America region is anticipated to have the highest market share in Air Traffic Management Market.
The key players in the market include Companies Covered Adacel Technologies Limited, Advanced Navigation and Positioning Corporation, Airbus SE, Honeywell International Inc., Indra Sistemas S.A., L3Harris Technologies Inc., Leidos, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation.
The aviation industry is facing challenges in air traffic management systems due to the rising congestion in the airspace and limited capacity to accommodate increased air traffic.
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