Air Traffic Management Market Evolving Technology, Segmentation and Industry Analysis 2021 to 2027
The air traffic management market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.
Rising international travel and tourism and increased number of passengers worldwide has propelled several airline companies to expand their flight capacity and number of airplanes to meet the growing demand. As a result, there has been a considerable rise in the air traffic which is fostering the demand for efficient air traffic management solutions. This is expected to provide major impetus to the global air traffic management market over the coming years.
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Rising need to establish improved management of traffic at airports is the major factor contributing to the deployment of surveillance systems at airports. Considering this, various Industry players are focusing on partnerships and joint ventures for incorporating air traffic surveillance systems at airports. For instance, in 2019, Airport Authority of India inked an agreement with Aireon LLC for installing air traffic surveillance systems in Mumbai, Chennai and Kolkata Ocean airspaces to cover an area of more than six million square kilometers.
Hardware components for air traffic management systems are in high demand owing to rising investment initiatives by governments and airport authorities for the development of airports across various nations. To illustrate, in 2019, Airports Authority of India solicited proposals from interested companies to deliver new air traffic management system for Mumbai Airport. Reportedly, this initiative came as a result of increasing air traffic and need to upgrade the systems at the airport.
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Air traffic management is gaining major significance in Middle East and Africa on account of increasing airport construction activities in countries such as the UAE, Rwanda, Tanzania and Saudi Arabia. In addition, government authorities are inclined on upgrading the facilities at the airports for facilitating smooth passenger transits. Citing an instance, in 2020, Sharjah Airport Authority announced its plans for the expansion of Sharjah International Airport and increasing its capacity to around 20 million passengers per year by 2025.
Some of the other key air traffic management market players include BAE Systems, Leonard S.p.A, Honeywell International Inc., Northrop Grumman Corp., L3Harris Corp., Thales Group and Lockheed Martin Corp.
Major Key Points from Table of Content:
Chapter 5 Air Traffic Management Market, By Component
5.1 Key trends by component
5.2 Hardware
5.2.1 Air traffic management market estimates and forecast, 2015 - 2027
5.2.2 Communication
5.2.2.1 Market estimates and forecast, 2015 - 2027
5.2.3 Navigation
5.2.3.1 Market estimates and forecast, 2015 - 2027
5.2.4 Surveillance
5.2.4.1 Market estimates and forecast, 2015 - 2027
5.3 Software
5.3.1 Market estimates and forecast, 2015 - 2027
Chapter 6 Air Traffic Management Market, By System
6.1 Key trends by system
6.2 Air traffic control
6.2.1 Market estimates and forecast, 2015 - 2027
6.3 Airspace management
6.3.1 Market estimates and forecast, 2015 - 2027
6.4 Air traffic flow management
6.4.1 Market estimates and forecast, 2015 - 2027
6.5 Aeronautical information management
6.5.1 Market estimates and forecast, 2015 - 2027
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