Air Traffic Management Market by Airspace (Air Traffic Services, Flow Management, Airspace Management, and Aeronautical Information Management), Offerings (Hardware, Software & Solutions, and Services), Airport Size (Large, Medium, and Small), and Sectors (Commercial, and Military & Defense), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global air traffic management market size was valued at USD 8.84 billion in 2020 and is estimated to surpass USD 16.5 billion by 2028, expanding at a CAGR of 10.3% during the forecast period, 2021–2028. The growth of the market is attributed to the rapid growth of number of airports in emerging economic regions world-wide and increasing investments in airport infrastructure.
Air traffic management can be defined as an aviation term consisting of all the systems which assist aircrafts to safely depart from an aerodrome, transit airspace assistance, and landing at the destination airport. It is an integrated management system which includes air traffic control (ATC), air traffic services (ATS), airspace management (ASM), and air traffic flow and capacity management (ATFCM). Air traffic management is an essential aspect of air travel whose role is to ensure the safety, efficiency, and economic operational costs by providing facilities and seamless services in association with all parties involved in airborne and ground-based functions.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid growth in construction of new airports and expansion of existing ones with new age modern technology to enhance operational efficiency of air traffic management are anticipated to drive the market growth in the coming years.
- Increasing demand for air travel and air cargo activities in the emerging economic regions globally are expected to propel the market expansion during the forecast period.
- Increasing cyber security concerns attributed with data transmission through air traffic management systems are anticipated to hinder the market growth during the forecast period.
- Onset of Covid-19 pandemic which has led to restrictions in travel and full capacity on boarding is projected to restrict the market growth in the coming years.
- Infrastructural investments, technological advancement, introduction of remote and digital towers, and adoption of satellite-based ATC are projected to create immense opportunities for the market players.
Scope of the Report
The report on the global air traffic management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Air Traffic Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Airspace (Air Traffic Services, Flow Management, Airspace Management, and Aeronautical Information Management), Offerings (Hardware, Software & Solutions, and Services), Airport Size (Large, Medium, and Small), and Sectors (Commercial, and Military & Defense) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Lockheed Martin Corporation, Raytheon Company, BAE Systems, Thales Group, Northrop Grumman Corporation, and Honeywell International |
Air Traffic Management Segment Insights
Aeronautical Information Management segment is projected to expand at a significant CAGR
Based on airspace, the air traffic management system is segmented into air traffic services, flow management, airspace management, and aeronautical information management. The aeronautical information management segment is estimated to expand at a considerable CAGR during the forecast period owing to it being one of the essential and crucial services in air traffic management as it provides reliable and high-quality electronic information, such as meteorological, airspace, aeronautical, and flow management parameters. However, air traffic services segmented is expected to grow at a healthy CAGR during the forecast period due to increasing airspace congestion and dire need to reduce flight delays during an irregular weather situation.
Software & Solutions segment is anticipated to register substantial growth rate
In terms of offerings, the air traffic management market is segregated into hardware, software & solutions, and services. The software & solutions segment is anticipated to grow at a substantial CAGR during the forecast period. The segment growth is attributed to technological advancements and increasing new innovations in air traffic management solutions. Market players are focusing on offering new innovative software & solutions to improve efficiency and allow smooth operations of the airlines.
On the other hand, the hardware segment is expected to expand at a healthy pace in the coming years owing to rapid growth in number of airports and increasing construction activities to build new facilities and expand existing ones. Several airports around the globe are replacing their age-old hardware with new state of the art equipment which is expected to propel the market growth during the forecast period.
Lage Airport segment estimated to represent key market share
On the basis of airport size, the air traffic management system is segmented into large, medium, and small airports. The large airport segment is estimated to account for key market share during the forecast period owing to increasing workloads and rising air travel as well as air cargo shipments over the past few years. Large airports handle commercial, military, and cargo flights which puts the airport capacities at maximum. To tackle this, large airports need an efficient and optimum air traffic management system which would help run the facilities smoothly to avoid any delays.
Commercial segment is projected account for large market share
Based on sectors, the air traffic management system is divided commercial, and military & defense. The commercial segment is projected to account for large market share due increasing trade via air cargo and growing demand for air travel in various emerging economies world-wide.
Segments
Segments Covered in the Air Traffic Management Market Report
Airspace
- Air Traffic Services
- Flow Management
- Airspace Management
- Aeronautical Information Management
Offerings
- Hardware
- Software & Solutions
- Services
Airport Size
- Large
- Medium
- Small
Sectors
- Commercial
- Military & Defense
Key Players
- Lockheed Martin Corporation
- Raytheon Company
- BAE Systems
- Thales Group
- Northrop Grumman Corporation
-
Honeywell International
Competitive Landscape
Key players competing in the air traffic management market include Lockheed Martin Corporation, Raytheon Company, BAE Systems, Thales Group, Northrop Grumman Corporation, and Honeywell International.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Air Traffic Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Air Traffic Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Air Traffic Management Market - Supply Chain
4.5. Global Air Traffic Management Market Forecast
4.5.1. Air Traffic Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Air Traffic Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Air Traffic Management Market Absolute $ Opportunity
5. Global Air Traffic Management Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Air Traffic Management Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Air Traffic Management Demand Share Forecast, 2019-2026
6. North America Air Traffic Management Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Air Traffic Management Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Air Traffic Management Demand Share Forecast, 2019-2026
7. Latin America Air Traffic Management Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Air Traffic Management Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Air Traffic Management Demand Share Forecast, 2019-2026
8. Europe Air Traffic Management Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Air Traffic Management Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Air Traffic Management Demand Share Forecast, 2019-2026
9. Asia Pacific Air Traffic Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Air Traffic Management Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Air Traffic Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Air Traffic Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Air Traffic Management Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Air Traffic Management Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Air Traffic Management Market: Market Share Analysis
11.2. Air Traffic Management Distributors and Customers
11.3. Air Traffic Management Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Lockheed Martin Corporation Raytheon Company BAE Systems Thales Group Northrop Grumman Corporation
Segments Covered in the Air Traffic Management Market Report
Airspace
- Air Traffic Services
- Flow Management
- Airspace Management
- Aeronautical Information Management
Offerings
- Hardware
- Software & Solutions
- Services
Airport Size
- Large
- Medium
- Small
Sectors
- Commercial
- Military & Defense
Key Players
- Lockheed Martin Corporation
- Raytheon Company
- BAE Systems
- Thales Group
- Northrop Grumman Corporation
-
Honeywell International
Key players competing in the air traffic management market include Lockheed Martin Corporation, Raytheon Company, BAE Systems, Thales Group, Northrop Grumman Corporation, and Honeywell International.
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