The Air
Traffic Management (ATM) market is projected to grow from USD 50.01 Billion
in 2016 to USD 97.30 Billion by 2022, at a CAGR of 11.73% during the forecast
period.
Browse and in-depth TOC on “Air Traffic Management Market”
114– Tables
60– Figures
202 – Pages
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Increase in airspace congestion and collective efforts to
reduce fuel emission is anticipated to drive the air traffic management market.
In addition, modernization of existing airports and construction of new
Greenfield airports is expected to fuel the growth of the air traffic
management market.
Among domains, the Air traffic Control (ATC)
segment is projected to lead the air traffic management market during the
forecast period
Based on domain, the Air Traffic Control (ATC) segment is
expected to account for the largest share of the air traffic management market
in 2016. Increasing air traffic and airspace congestion, and need for advanced
capabilities of the existing airspace are the major factors contributing to the
growth of the ATC segment of the air traffic management market.
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Based on end-use, the communication segment
of the air traffic management market is projected to grow at the highest CAGR
from 2016 to 2022
Based on end-use, the air traffic management market has
been segmented into communication, navigation, surveillance, and automation
& simulation. The communication segment of the air traffic management
market is projected to grow at the highest CAGR during the forecast period. The
growth of the communication segment can be attributed to the increasing demand
for emerging technologies of datalink communications such as voice recognition
control, and digital voice aeronautical telecommunications (ATN) network,
among others.
North America is estimated to account for the
largest share of the air traffic management market during the forecast period
North America is estimated to lead the air traffic
management market during the forecast period, owing to technological
advancements in air traffic management systems and various initiatives taken by
the FAA (U.S.) and Nav Canada (Canada) to reduce environmental impact of the
aviation industry. North America is focusing on the implementation of latest
air traffic management technologies to make air travel safer and efficient.
These initiatives such as Next Generation Air Transportation System Program
(by FAA) and Collaborative Initiatives for Emissions Reductions (By Nav
Canada) are expected to lead to modernization of existing airports with latest
air traffic management technologies, thus driving the growth of the market in
the region.
The Raytheon Company (U.S.), Indra Sistemas S.A. (Spain),
Thales Group (France), Harris Corporation (U.S.), Saab AB (Sweden), and
Honeywell International (U.S.), among others, are the key players in the air
traffic management market.