Air Traffic Management Market : Key Players, Applications, Outlook, SWOT Analysis And Forecasts 2022 to 2032

The air traffic management market is projected to produce US$ 10,541.0 million during the forecast period at a CAGR of 4.8%. The market is expected to reach US$ 16,783.0 million by 2032.

As aircraft numbers increase and the aviation industry quickly modernises, more people are expected to use air traffic control systems. Furthermore, due to increasing traffic on the roads brought on by an increase in the number of vehicles on the road, there will probably be an increase in demand for air traffic management throughout the projection period. Recent growth in domestic and international travel has raised the demand for air traffic control systems.

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Global Air Traffic Management Market: Drivers and Restraint

The global market demand for the air traffic management market is primarily driven by the factors such as the increasing focus of the airports on the modernization of Air Traffic Management (ATM) infrastructure which was initially used. In addition to this the other factors such as the constant increase in the number of airports in the emerging economies in developing regions such as India, China, and others are also fueling the global demand for the air traffic management in the coming future.

Due to increasing competition in the airport traveling services, the need for efficient airspace management is also increasing day by day and these factors are anticipated to drive the growth of the air traffic management market over the forecast period.

Along with this the air traffic management systems are also actively contributing to maintaining the balance between the changing weather and airport activities. On the other hand, higher deployment cost and lack of awareness are the major restraining factors for the growth of the global air traffic management demand in the forecast years.

Recent Developments in the Air Traffic Management

Recently, the new 5G air-to-ground is designed to manage the air traffic seamlessly at airports. It is a wireless network which provides real-time analytics, boosting aircraft command and transferring data rapidly. Nokia telecommunication also uses the same technology network at Brussels airport.
FAA is adopting TBO (Trajectory Based Operations) which is more flexible, throughput, efficient and predictable. The technology controls air traffic management and helps aircraft movement.

Global Air Traffic Management Market: Region-wise outlook

The global market for Air Traffic Management is divided on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East Africa. Among these regions, the North America region dominates the market in terms of revenue generation because of the constant innovations of the advanced technologies for improvising the Air Traffic Management offerings and its applications.

Also, North America region has the highest number of the airports. The Western Europe region follows the North America market due to the presence of developed countries and increasing transportation industry in this region followed by Western Europe.

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Other Key Participants in the Air Traffic Management Market