Air Traffic Management Market Statistics 2021 | Trend & Growth Forecast To 2027

According to report air traffic management market size is estimated to surpass USD 10 billion by 2027.

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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To add to this point, many players have collaborated with airport authorities for installing advanced traffic management systems. Citing an instance, NATS, in January 2019, installed a digital control tower powered by Artificial Intelligence (AI) at Heathrow Airport, London. In this case, AI was used to analyze if it can assist in reducing the number of flight delays experienced at the airport. Such developments will propel the usage of air traffic management systems.

List of the Key Companies that are Operating in the Air Traffic Management Market. They are as follows:

Martin Corporation, Raytheon Company, BAE Systems, Thales Group, Northrop Grumman Corporation, Honeywell International, Inc., and Leonardo S.p.A.

Along with flight delays, surveillance is another aspect when it comes to air traffic management. With increasing flight routes, a strong surveillance system is required to manage this air traffic without causing any security concerns.

This is the reason airport authorities are integrating advanced surveillance systems. For instance, the Airport Authority of India (AAI), in July 2019, collaborated with Aireon LLC for installing air traffic surveillance systems across the oceanic airspaces of Chennai, Kolkata and Mumbai, covering an area of around six million sq. kms. Such collaborations will prove beneficial in the proliferation of the air traffic management market.

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Table Of Content:

Chapter 5   Air Traffic Management Market, By Component

5.1    Key trends by component

5.2    Hardware

5.2.1    Market estimates and forecast, 2015 - 2027

5.2.2    Communication    Market estimates and forecast, 2015 - 2027

5.2.3    Navigation    Market estimates and forecast, 2015 - 2027

5.2.4    Surveillance    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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