The air
traffic management market is projected to grow from an estimated USD
14.1 billion in 2018 to 18.8 billion by 2025, at a CAGR of 4.20% during the
forecast period. Increasing airport investments, and modernization of ATM
infrastructure are expected to drive the growth of the market.
Browse 101 market data Tables and 39 Figures spread
through 169 Pages and in-depth TOC on "Air
Traffic Management Market - Global Forecast to 2025"
View
detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/air-traffic-management-market-160955838.html
Based on
airspace, the Aeronautical Information Management (AIM) segment is projected to
grow at the highest CAGR from 2018 to 2025
The growth of this segment
can be attributed to the constant need to update real-time aeronautical
information for safe, efficient, and economical ATM. AIM’s emphasis is on the
distribution of updated aeronautical data as well as the digital conversion of
data.
Based on
component, the software segment is projected to grow at the highest CAGR from
2018 to 2025
Based on component, the software segment is
projected to grow at the highest CAGR during the forecast period. Growth of
this segment can be attributed to the need to enhance software with regular
updates as well as increasing automation, which relies on software algorithms.
Based on end
use, the commercial segment is projected to grow at a higher CAGR from 2018 to
2025
Based on end use, the commercial segment is
projected to grow at a higher CAGR during the forecast period. Commercial air
traffic has been higher and has greater frequency than tactical air traffic.
The extensively used ATM system and timely upgradations of these systems in
growing commercial air traffic is the driver in the commercial segment being
the fastest-growing.
Get a Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=160955838
Based on
investment type, the brownfield segment is projected to grow at a higher CAGR
from 2018 to 2025
Based on investment type, the brownfield segment is
projected to grow at a higher CAGR during the forecast period. Growth of this
segment can be attributed to increasing investments in order to modernize
existing airports.
Europe is
expected to be the fastest-growing ATM market during the forecast period
Europe is expected to be the fastest-growing market
during the forecast period. Growth is largely due to increased brownfield
airport investments as well as the Single European Sky program, which is
expected to bring in modernization into the existing ATM system.
Major players operating in the ATM market include
Thales Group (France), Raytheon Company (US), Indra Sistemas, S.A.
(Spain), Harris Corporation (US), Northrop Grumman Corporation (US), Honeywell
International, Inc. (US), BAE Systems PLC (UK), and Saab AB (Sweden). These
players offer various air traffic management solutions covering both, hardware
components as well as software services. These companies have well-equipped
manufacturing facilities and strong distribution networks across North America,
Europe, and Asia Pacific.
Don’t miss out on business
opportunities in Air Traffic Management Market. Speak to our analyst and gain
crucial industry insights that will help your business grow.
