Global Air Traffic Management
Market Report
2024
Air Traffic Management Market size will be USD 7.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 6.2 % from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Air Traffic Management Market size will be USD 7.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 6.2 % from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Air Traffic Management Market Sales Revenue 2024 | $ 7.5 Billion |
Global Air Traffic Management Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Market Split by Type |
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Market Split by Component |
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Market Split by System |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Air Traffic Management Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Air traffic management is the control of traffic in and around airports, airport terminals, and surrounding airspace. It offers integrated dynamic management of air traffic by utilizing air traffic services, airspace management, and air traffic flow management. These systems provide safe and effective air traffic control, including both airborne and ground-based activities. Furthermore, air traffic services are used to efficiently regulate the flow of aircraft in real-time, ensuring their safe operation. Air traffic services include air traffic control, alerting, and flight information. Ground-based controllers provide air traffic control services that direct aircraft on the ground and contribute to the prevention of aircraft collisions. Additionally, the global air traffic management market is growing due to increased air traffic worldwide, modernization of air traffic management infrastructure, and a rising requirement for improved air safety. However, potential cyber threats and the high cost of traffic management infrastructure are concerns impeding market expansion. Furthermore, technological developments and increased demand for air traffic solutions from emerging countries are likely to drive growth during the forecast period.
Soaring Air Passenger Traffic - Air passenger traffic is the total number of individuals who fly onboard commercial aircraft in a given period and is an important indicator for monitoring air travel demand and overall activity in the aviation industry. Air traffic control is vital to guaranteeing the safety, efficiency, and dependability of air passenger traffic and facilitating travel from departure to arrival, both inside and beyond borders. For instance, the International Air Transport Association (IATA), a Canada-based international airline trade association, reported in February 2023 that total traffic (measured in revenue passenger kilometres, or RPKs) climbed 64.4% in 2022 compared to 2021. Global traffic in 2022 was 68.5% of pre-pandemic (2019) levels. Total traffic in December 2022 climbed by 39.7% over December 2021, reaching 76.9% of the amount in December three years earlier. Regulatory initiatives
High initial investment Cybersecurity Risks
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In July 2023, Honeywell stated that its European research and development unit will seek to digitize air traffic management in Europe. The SESAR 3 Joint Undertaking initiatives aim to modernize the European air traffic management system and accelerate the transition to a climate-neutral, digital Europe.
Top Companies Market Share in Air Traffic Management Industry: (In no particular order of Rank)
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According to Cognitive Market Research, the North America region had the biggest market share in 2024. The growing use of next-generation technologies for improving airport and airport operating efficiency, together with the region's huge aviation industry, will be major drivers of market expansion throughout the forecast period. Furthermore, the presence of major market participants such as Northrop Grumman Corporation, Honeywell International Inc., Raytheon Technologies Corporation, and Lockheed Martin Corporation is expected to drive demand and growth for air traffic management systems in the region.
The Asia Pacific region has the fastest CAGR during the projection period. High industrialization, upgrading of existing airports, and rising consumer disposable income are important drivers expected to drive regional market expansion in the future years. Moreover, expanding airport buildings and a greater emphasis on aircraft security are driving demand for ATM systems in the Asia Pacific area.
The current report Scope analyzes Air Traffic Management Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Air Traffic Management Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Air Traffic Management Industry growth. Air Traffic Management market has been segmented with the help of its Type, Component System, and others. Air Traffic Management market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Air Traffic Management market.
Type of Air Traffic Management analyzed in this report are as follows:
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Air Traffic Management from 2019 to 2031. This will also help to analyze the demand for Air Traffic Management across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Component of Air Traffic Management are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, the automation and simulation segment is expected to grow the fastest over the projection period. High involvement in stimulations among airports and air traffic controllers, combined with the increasing usage of remote towers around the world, is expected to boost segment market expansion in the next years. Moreover, a rapid expansion in the number of flights supplied by various airlines for international and domestic passenger movement has boosted demand for the sector market significantly.
Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
Anjali is a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis in aerospace and defence category. She thrive on the challenges of data exploration and analysis.Her goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
In her current role, Anjali manages research for aerospace and defence category, leading pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. She possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams.She played a key role in shaping successful business strategies grounded in robust research.She dedicated to staying at the forefront of research methodologies and industry advancements. Anjali remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Air Traffic Management Market is witnessing significant growth in the near future.
In 2023, the Air Traffic Control (ATC) segment accounted for noticeable share of global Air Traffic Management Market and is projected to experience significant growth in the near future.
The Hardware segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies FrequentisComsoft GmbH (Germany) , Saab AB (Sweden) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Air Traffic Control (ATC), Air Traffic Flow Management (ATFM), Aeronautical Information Management (AIM) |
Component | Hardware, Software |
System | Communication, Navigation, Surveillance, Automation and Simulation |
List of Competitors | FrequentisComsoft GmbH (Germany), BAE Systems (UK), Saab AB (Sweden), Honeywell International Inc. (US), Northrop Grumman Corporation (US), Harris Corporation (US), Indra Sistemas SA (Spain), Raytheon Company (US), Thales Group (France), ANPC (US) |
This chapter will help you gain GLOBAL Market Analysis of Air Traffic Management. Further deep in this chapter, you will be able to review Global Air Traffic Management Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Component Analysis 2019 -2031
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Chapter 12 Market Split by System Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Air Traffic Management market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Air Traffic Control (ATC) have a significant impact on Air Traffic Management market? |
What are the key factors affecting the Air Traffic Control (ATC) and Air Traffic Flow Management (ATFM) of Air Traffic Management Market? |
What is the CAGR/Growth Rate of Hardware during the forecast period? |
By type, which segment accounted for largest share of the global Air Traffic Management Market? |
Which region is expected to dominate the global Air Traffic Management Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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