The
Air
Traffic Management Market Report provides an analysis of the market
from 2018 to 2025. It discusses industry and technology trends currently
prevailing in the market, along with drivers, challenges, and opportunities.
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.
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.
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