During the forecast period, the air traffic management market is anticipated to generate US$ 10,541.0 million at a CAGR of 4.8%. By 2032, the market is anticipated to reach US$ 16,783.0 million.
The use of air traffic management systems is predicted to rise as a result of the aviation industry’s fast modernization and growth in aircraft numbers. Also, during the projection period, there will likely be a rise in demand for air traffic management due to increased traffic on the roads brought on by an increase in the number of vehicles on the road. The demand for air traffic management systems has increased recently due to an increase in both domestic and international travel.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5719
Global Air Traffic Management Market: Drivers and Restraint
The global market demand for the air traffic management market is primarily driven by the factors such as the increasing focus of the airports on the modernization of Air Traffic Management (ATM) infrastructure which was initially used. In addition to this the other factors such as the constant increase in the number of airports in the emerging economies in developing regions such as India, China, and others are also fueling the global demand for the air traffic management in the coming future.
Due to increasing competition in the airport traveling services, the need for efficient airspace management is also increasing day by day and these factors are anticipated to drive the growth of the air traffic management market over the forecast period.
Along with this the air traffic management systems are also actively contributing to maintaining the balance between the changing weather and airport activities. On the other hand, higher deployment cost and lack of awareness are the major restraining factors for the growth of the global air traffic management demand in the forecast years.
Recent Developments in the Air Traffic Management
- Recently, the new 5G air-to-ground is designed to manage the air traffic seamlessly at airports. It is a wireless network which provides real-time analytics, boosting aircraft command and transferring data rapidly. Nokia telecommunication also uses the same technology network at Brussels airport.
- FAA is adopting TBO (Trajectory Based Operations) which is more flexible, throughput, efficient and predictable. The technology controls air traffic management and helps aircraft movement.
Global Air Traffic Management Market: Region-wise outlook
The global market for Air Traffic Management is divided on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. Among these regions, the North America region dominates the market in terms of revenue generation because of the constant innovations of the advanced technologies for improvising the Air Traffic Management offerings and its applications.
Also, North America region has the highest number of the airports. The Western Europe region follows the North America market due to the presence of developed countries and increasing transportation industry in this region followed by Western Europe.
Other Key Participants in the Air Traffic Management Market
- Presagis
- M3 Systems
- Saab
- Croatia Control
- AvitechGmbh
Key Segments
By Component:
- Software Platform
- Support Services
By Application:
- Communication & Navigation Management
- Aerodrome Operations Management
- Surveillance
By Region:
- North America
- Latin America
- Europe
- MEA
- Asia Pacific
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-5719
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
