Air Traffic ManagementIndustry Value Reaches USD23Billion by 2033, Driven by the Modernization of Air Traffic Management Infrastructure during the forecast,2023-2033
According to the report, the global Air Traffic Management market is expected to grow from $10Billion in 2022, which is expected to reach $23Billion by 2033, growing at a CAGR of 9% from 2023 to 2033.Controlling traffic at and around airports, airport terminals, and surrounding airspace is known as air traffic management. It makes use of air traffic services, airspace management, and air traffic flow management to provide integrated dynamic management of air traffic. These systems provide secure air traffic control that combines operations on the ground and in the air.In order to effectively control the movement of aircraft in real-time and assure their safe operation, air traffic services are used. Air traffic control, alerting, and flight information services are all included in the category of air traffic services. Ground-based controllers provide air traffic control services to guide aircraft on the ground and help avoid collisions between aircraft.
The increase in air traffic throughout the world, modernization of the infrastructure for air traffic management, and a larger demand for improved air safety are what are fueling the expansion of the worldwide air traffic management market. Additionally, it is anticipated that the increased demand for air traffic control systems from growing nations and technological developments would create growth possibilities throughout the projection period.
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Key Highlights:
- The global Air Traffic Management Market size was valued at USD 10Billionin 2022 growing at a CAGR of 9% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence is going to publish a new market research report providing market analysis that examines and evaluates the current and future conditions to identify trends, opportunities, and potential risks that may impact the performance of businesses operating within that market. This analysis typically involves collecting and analyzing data related to various factors such as economic indicators, consumer behavior, technological advancements, and regulatory policies that affect the market.
The purpose of global market analysis is to provide businesses with insights and information that can help them make informed decisions about product development, marketing strategies, investment opportunities, and risk management. This analysis can be conducted using a range of tools and techniques, including statistical analysis, market research surveys, and trend analysis.
The New Normal
Different industrial sectors have been negatively impacted by the coronavirus outbreak. The continuous pandemic has also spread to the market for air traffic management. Transport services and even individuals moving were stopped as a result of the severe lockdown requirements. The Air Traffic Management Market Outlook’s growth rate has been slowed down by this circumstance. Since there was no longer a need for air traffic control as a result of the suspension of transportation activity, this factor has had a negative influence on the market
In terms of COVID-19 impact, the Air Traffic Management market report also includes the following data points:
- COVID-19 Impact on Air Traffic Management market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Air Traffic Managementmarket
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Key Players
Some of the major Air Traffic Management players holding high market share include Thales Group, Raytheon company, Indra Sistemas, Harris Corporation.These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- Thales Group
- Raytheon company
- Indra Sistemas
- Harris Corporation
- Northrop grumman corporation
- Honeywell
- BAE systems
- Saab AB
- Lockheed Martin
- Frequentis AG
Segmental Analysis
Market Segment ByServicewith focus on market share, consumption trend, and growth rate of Air Traffic Management Market:
- ATM as a service
- Maintenance Service
- Support Service
Based on Service,The Maintenance Service sub-segment of the ATM Market refers to the services provided for the maintenance and repair of ATM systems, including equipment upgrades, software updates, and regular maintenance checks.
Market Segment ByAirspacewith focus on market share, consumption trend, and growth rate of Air Traffic Management Market:
- Air Traffic Services
- Air Traffic Flow Management
- Airspace Management
- Aeronautical Information Management
Based on Airspace,The Air Traffic Flow Management (ATFM) sub-segment of the ATM Market refers to the system used to manage the flow of air traffic within a given airspace, ensuring that air traffic is evenly distributed and reducing congestion and delays. ATFM systems rely on real-time data and analytics to optimize air traffic flow, taking into account factors such as weather, runway availability, and aircraft performance.
Market Segment ByApplicationwith focus on market share, consumption trend, and growth rate of Air Traffic Management Market:
- Communication
- Navigation
- Surveillance
- Automation
Based on the Application,Thesurveillance segment holds the largest market share in the Air Traffic Management market by application. Surveillance systems are critical to ensuring safe and efficient air traffic flow and supporting air traffic control operations.
Global Air Traffic Management Geographic Coverage:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordic Countries
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Reasons to Buy this Report:
- Industry and Market Understanding: This report provides a comprehensive overview of a particular industry or market, including its size, trends, key players, and future outlook. By purchasing this research report, you can gain a better understanding of the industry you are operating in or considering entering.
- Competitive Intelligence: This report provides detailed information on competitors, including their strengths and weaknesses, market share, financial analysis, key developments and strategies adopted, and product offerings. This information can help businesses develop effective competitive strategies.
- Investment Decisions: This report helps investors make informed decisions by providing data on market size, growth potential, and key trends. This information can be useful for identifying investment opportunities and evaluating risk.
- Regulatory Compliance: This report includes information on regulatory policies and requirements that affect a particular industry or market. This can be valuable information for businesses seeking to comply with regulations and avoid potential legal issues.
Overall, Air Traffic Management market research reports provide valuable insights and information that can help businesses and individuals make informed decisions in a rapidly changing global marketplace.
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