Air Traffic Management, abbreviated as ATM, is an umbrella term consisting of a host of vital services to airplanes to help them navigate their way around airspace. It includes Air Traffic Services, Air Traffic Flow and Capacity Management, and Airspace Management.
Air Traffic Management market revenue is estimated to be $59.95 Billion in 2021 and shall grow with a CAGR of 4.2% during the forecast period of 2022 to 2027.
Analysis by Component
According to the component, the segments are Hardware and Software. Further, Hardware is categorized into Communication, Navigation, and Surveillance. An Air Traffic Management market report states that rapidly increasing digitization of existing airports and construction of new ones will result in a large boost for the Hardware segment. Another Air Traffic Management market research has found that the Software segment will get a lift due to the incorporation of Artificial Intelligence with the Traffic systems. These advances would call for business opportunities for Software developing companies.
Analysis by System
According to the system, the main segments are Air Traffic Control, Airspace Management, Air Traffic Flow Management, and Aeronautical Information Management. A large portion of the Air Traffic Management market share is served by the Air Traffic Control segment. This is because of the launch of new airlines following increased commercial air traffic. The integration of Air Traffic Flow Management services is bound to increment the Air Traffic Management market size to new levels. The Air Traffic Management market estimation suggests that Airspace Management and Aeronautical Information Management sectors will also witness a boost in sales in some select geographies in this area. Expansion of existing airport facilities will also bring out fresh trade opportunities for the corporations in this industry.
Analysis by Region
North America serves as a major trade hub for these systems owing to the presence of several Air Traffic Management system manufacturers. The Air Traffic Management forecast looks very healthy for both the U.S. and Canada because of the planned upgrades of multiple airports in the region. On the other side, the Asia-Pacific region will depend on the Air Traffic Management price trend as this geography comprises of developing countries such as India, Thailand, and Malaysia. While the commercial air-traffic has risen considerably, the systems will need to be priced with credit support to accelerate sales. Tourism will also play a defining role in the application of Air Traffic Management services. This is because the airport owners will look to expand the size of their operations or enhance the quality levels of their systems.
Analysis by Leading Companies
The major companies in this industry include Saab AB, Indra Sistemas, Raytheon, Thales Group, Harris Corporation, Honeywell International Inc., and Frequentis Group. The Air Traffic Management companies will engage with airport authorities to create a safer revenue cycle for their stakeholders. This step would also boost their market share. Large companies develop industry-specific programs as a result of which, the product adoption is fastened. While mergers & acquisitions remain a viable business decision to gain a technological edge over the competition, it also unlocks a lot of hidden potential on the marketing front. The upcoming period looks bright for the businesses who have stayed invested in it for long. The Human Resource development in this industry is vital for sustained growth. Other industries in this domain that are growing at a high CAGR include Marine Fuel Management System Market and Property Management Software Market.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2022 – 2031)
● Market Production Estimation and Forecast (2022 – 2031)
● Market Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
● Breakdown of Revenue by Segments (2022 – 2031)
● Breakdown of Production by Segments (2022 – 2031)
● Breakdown of Sales Volume by Segments (2022 – 2031)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Component Outlook ($Revenue and Unit Sales, 2022-2031)
• Hardware
o Communication
o Navigation
o Surveillance
• Software
By System Outlook ($Revenue and Unit Sales, 2022-2031)
• Air Traffic Control
• Air Space Management
• Air Traffic Flow Management
• Aeronautical Information Management
By Regional Outlook ($Revenue and Unit Sales, 2022-2031)
• U.S.
• Canada
• Germany
• U.K.
• France
• Italy
• Spain
• Poland
• Russia
• China
• India
• Japan
• New Zealand
• Singapore
• Australia
• Vietnam
• Brazil
• Mexico
• Argentina
• Chile
• Costa Rica
• Egypt
• Rwanda
• Kuwait
• Tanzania
• Saudi Arabia
• U.A.E.
• South Africa
Leading Companies
• Raytheon Company
• Indra Sistemas
• Harris Corporation
• Thales Group
• Northrop Grumman Corporation
• Honeywell International Inc.
• Saab AB
• BAE Systems
• Frequentis Group
• Lockheed Martin Corporation
• Saipher ATC
• Advanced Navigation & Positioning Corporation
• Intelcan Technosystems Inc.
• ALTYS Technology
• Searidge Technologies
• Leonardo S.p.A
• Adacel Technologies Limited
• ACAMS Airport Tower Solutions
• ARTISYS, s.r.o, Sky Soft
• Nav Canada
• Avinor AS
• Serco group PLC
• Kongsberg
• NATS Limited
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