Air Traffic Management Market

GMI Research analysis indicates that the Air Traffic Management Market estimated at USD 8.4 billion in 2022 and is slated to register a double digit CAGR 7.8% over the forecast period, and is projected to reach USD 15.3 billion in 2030.

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Major Air Traffic Management Market Drivers

The global air traffic management market is driven by several factors, including increasing air passenger travelers, rising tourisms, a surge in demand for fast-speed transportation and rising globalization. For instance, according to International Civil Aviation Organization (ICAO), the total number of passengers carried on airport services globally increased to 4.5 Billion in 2019, which was increased by 3.6% compared to 2018 departures reached 38.3 Million in 2019. Thus, rising air passengers around the globe increased the aircraft’s traffic. Thus, air traffic management fulfills the aircraft’s requirements, regulates the capacity of the flow of aircraft efficiently, and avoids the congestion of aircraft using specific control sectors.

Further, rising trends towards the adoption of advanced technology services such as IoT devices, wireless communication equipment, devices etc., along with rising effective utilization of the Radar systems for surveillance are expected to witness potential demand for the growth of the air traffic management market around the globe. For instance, in 2021, Thales Group, one of the leading Aerospace companies has unveiled a RSM NG new digital secondary surveillance radar system for effective and efficient air traffic management (ATM). The radar-equipped with a two-in-one meta-sensor, automatic dependent surveillance-broadcast (ADS-B), and radar (Mode S) for tracking up to 2,000 flights and disseminates 64 simultaneous data outputs at different air traffic control centers (ATCC).

Restraint in the Air Traffic Management Market

An increase in cybersecurity risk while data transmission through air traffic management systems and the high cost of the advanced information and communications technology (ICT) for air traffic management systems may hamper the market growth. During the Covid-19 pandemic, air traffic management systems market demand declined due to lockdown in several countries and travel restrictions around the globe.

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System – Segment Analysis

Based on the system, air traffic control is expected to grow at the fastest rate in the global air traffic management market during the forecast period due to rising commercial air traffic due to growing demand for effective landing to avoid aircraft collision at airports. Air traffic control is provided by ground-based air traffic controllers that help and guides the pilot in ensuring the safety of the aircraft and safe landing in the controlled airspace on the ground. Also, several leading players are providing these ATC services on a contract basis to facilitate safe landing and manage the air traffic of the aircraft across the commercial, military, and defense areas. For instance, recently 2021, BAE Systems has received a contract from the US Navy valued at USD 65.7 Million to sustain air traffic control systems. This contract will facilitate engineering, lifecycle, and sustainment support for ensuring the safety of the United State’s war fighters.

Offerings – Segment Analysis

Based on the offerings, hardware is projected to capture the largest market share over the forecast period in the global air traffic management market due to the rising launching of various satellite communication devices to control the aircraft’s direction across several airports around the globe.

Application – Segment Analysis

Based on the application, communication holds the highest market share in 2020 in the global air traffic management market due to the rising usage of high-tech communication devices and rising advanced technology-based wireless devices worldwide.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to capture a significant market share in the global air traffic management market in 2020 due to the rising adoption of advanced technology-based air traffic management systems, the presence of leading aerospace companies, and growing air traffic control due to surge in air travellers. For instance, according to the Bureau of Transportation Statistic in 2019, the United State’s domestic’s airlines have carried 69.3 million passengers while registering 9.70 Million international passengers on flights in the year 2019. Thus, it created a massive demand for the growth of the air traffic management market in this region.

Top Market Players

Various notable players operating in the market, include, Adacel Technologies Limited, BAE Systems, Frequentis AG, SkySoft-ATM, Raytheon Technologies Corporation, Saab AB, Indra Sistemas SA, Leonardo S.p.A, Northrop Grumman Corporation, Thales Group, among others. 

Key Developments:

• • In 2020, Rohde & Schwarz Australia signed a contract with BAE Systems to provide software-driven backup systems, radios, and monitoring of Royal Australian Air Force air traffic control (ATC).
  • In 2018, the OneSKY system Australian aerospace company launched the world’s first Airservices Australia, in partnership with the Department of Defence and with Thales Australia to integrate the country’s military and civil air traffic management systems.

Segments covered in the Report:

The global air traffic management market has been segmented on the basis of system, offerings, application, end-use and key regions. Based on system, the market is segmented into aeronautical information management, air traffic control, air traffic flow management, and airspace management. Based on offerings, the market is segmented into software & solutions, hardware, and services. Based on application, the market is segmented into communication, navigation, surveillance and automation. Based on end-use the market is segmented into military & defence, and commercial. 

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Report Coverage	Details
Market Revenues (2022)	USD 8.4 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By System, By Offerings, By Application, By End-Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Adacel Technologies Limited, BAE Systems, Frequentis AG, SkySoft-ATM, Raytheon Technologies Corporation, Saab AB, Indra Sistemas SA, Leonardo S.p.A, Northrop Grumman Corporation, Thales Group, and among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Air Traffic Management Market by System

• • Aeronautical Information Management
  • Air Traffic Control
  • Air Traffic Flow Management
  • Airspace Management

Global Air Traffic Management Market by Offerings

• • Software & Solutions
  • Hardware

Global Air Traffic Management Market by Application

• • Communication
  • Navigation
  • Surveillance
  • Automation

Global Air Traffic Management Market by End-Use

• • Military & Defence
  • Commercial

Global Air Traffic Management Market by Region

• • North America Air Traffic Management Market (Option 1: As a part of the free 25% customization)

    • By System
    • By Offerings
    • By Application
    • By End-Use
    • US Market All-Up
    • Canada Market All-Up

  • Europe Air Traffic Management Market (Option 2: As a part of the free 25% customization)

    • By System
    • By Offerings
    • By Application
    • By End-Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Air Traffic Management Market (Option 3: As a part of the free 25% customization)

    • By System
    • By Offerings
    • By Application
    • By End-Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Air Traffic Management Market (Option 4: As a part of the free 25% customization)

    • By System
    • By Offerings
    • By Application
    • By End-Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Air Traffic Management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Adacel Technologies Limited
  • BAE Systems
  • Frequentis AG
  • SkySoft-ATM
  • Raytheon Technologies Corporation
  • Saab AB
  • Indra Sistemas SA
  • Leonardo S.p.A
  • Northrop Grumman Corporation
  • Thales Group