Aviation being a dynamic sector attracts the technical innovation at first hand. There are new entrants in air traffic management (ATM) market providing cost-effective, innovative and efficient technologies to control and manage the air traffic with gradually making airspace boundaries less dependent on national boundaries. With the shift in demographics of emerging markets of the world, air services are expected to grow as a commercial service and ensure global interoperability and harmonious operations.

The air traffic management market size is set to reach USD 99.28 billion by 2024, registering a CAGR of 11.56% over the forecast period. Expansions of aircraft manufacturing industry along with the upcoming technological advancements are the two key factors which are triggering the growth of air traffic management market.

The report covers the present ground scenario and the future growth prospects of the air traffic management market for 2016-2024 along with the statistics of its application in various segments. We have calculated the market size and revenue share on the basis of revenue generated from the major players and total sales of air traffic management components across the globe. The rising trend of advance technology based air traffic management systems in developed nations such as the United States, Australia are triggering the sales of the air traffic management system equipment. On the basis of these aspects, we have forecasted the global air traffic management market until 2024.

Global Air Traffic Management Market Segmentation

By Domain
Air traffic controllers (ATC)
Air traffic flow management (ATFM)
Aeronautical information management (AIM)

By Investment Type
Greenfield
Brownfield

By Airspace Class
A, B, C, D, Others (E, F, G)

By Application
Communication
Surveillance
Navigation
Automation
Simulation
Based on Geography
North America
Latin America
Europe
Asia-Pacific
Middle East & Africa

On the basis of the domain, air traffic controllers (ATC) have the highest share in air traffic management system due to the gradual increase in air traffic and an addition of the bulk of travelers from across the globe. Air traffic with respect to the year 2015 has increased by 6.8% in 2016. Other than ATC, application of air traffic management in communication is also leading due to its vital importance between air traffic controllers and pilots for control operations, thus leading to development in equipment technologies of direct communication channels at different radio frequencies.

Trends, Drivers and Challenges
According to our global market study on the basis of extensive primary and secondary research, “.The recent trend is the full implementation of the ICAO Aviation System Block Upgrades (ASBU) framework. It provides a roadmap for measurable operation improvement, necessary equipment, and standards and procedures to achieve the goal of global interoperability. Implementation of this framework will lead to progress in the technological advancement and growth of the market by achieving the goal of global interoperability.”

According to the report, the major driving factor for the expansion of global air traffic management market is the enhanced construction projects of new airports, renovation of the existing ones, aircraft movement, and heavy passenger and freight traffic has led to the innovation and growth of the air traffic management systems. Expenditure on global airport transportation in 2015 was USD 55 billion which increased to USD 64 billion in 2016 showing the need for expansion and parallelly the need for air traffic management system.

Further, the major challenge this industry is facing is the regulatory norms as per the different regions of the world. For instance in Europe, before investing in this market there is a need to have full knowledge of the market, which can be obtained from various bodies working in parallel, but they add complexity, waste of resources and efforts regarding the supply of necessary reports. Few such bodies are APATSI project board for air traffic services, Joint Aviation authorities, EUROCONTROL and ICAO European regional authorities for air traffic management.

Global Air Traffic Management Market Analysis
Based on geography, North America dominated the air traffic management market owing to the maximum number of air travelers which are 822,949 passengers alone from the US, it requires a larger number of aircraft to fly and to manage them through air traffic management system. Whereas, Asia-Pacific is an emerging market for the air traffic management system, due to the technological development and increased government spending on aviation sector which has resulted in USD 7.3 billion profits in 2016 from APAC.

Key Players
Thales Group
Aquila
Aeronav Group
BAE Systems PLC.
Comsoft Solution GmbH
Harris Corporation
Honeywell International Inc.
Lockheed Martin, Frequentis.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and technological landscape in addition to a SWOT analysis of the key players.

Category: Travel And Tourism Market Research
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