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Air Traffic Management Market Research Report Information by Type (ATC, ATFM, & AIM), Component (Hardware Software), Airport Type (Greenfield Brownfield), System (Communication, Navigation, Surveillance, & Automation & Simulation) Region Forecast till 2030


ID: MRFR/A&D/5311-HCR | 146 Pages | Author: Sejal Akre| April 2024

Air Traffic Management Market Overview


Air Traffic Management Market Size Valued at USD 17.15 Billion, market Grow at a CAGR Of 5.15% by 2020-2030


The increased rate of air traffic is due to the wide preference for air traveling by the passengers. People mostly prefer a comfortable and short duration journey to reach their destination. Therefore, they prefer to travel by air, which boosts the aviation sector to provide more affordable and comfortable air travel services for the market, simultaneously increasing theĀ Air Traffic Management Market. When the preference and demand get high for air travel, proper traffic management is even required to smoothly run the planes and flights, preventing the risk factors.Ā Air Traffic Management MarketĀ assists the operations at airports and airspace. It controls the air traffic and helps it function smoothly, and it even directs aircraft and flights on the ground and through controlled airspace.Ā 


The air traffic system provides important information like flight delays and other necessary details during bad weather conditions. This system completely manages the air traffic by providing necessary information during requirements. The key players are focusing on improving the features of the air traffic system by installing advanced equipment to provide the best service. The higher demand for comforting traveling and reliable air traffic infrastructure and renovation of airports are boosting theĀ Air Traffic Management Market Growth.Ā The need for air traffic management is increasing in the number of unmanned aerial vehicles (UAVs), landing aircraft, vertical take-off, and hybrid aircraft. The increased rate of these vehicles for various commercial purposes demands air traffic management, enhancing the growth of theĀ Air Traffic Management Market Size. The market faces different challenging factors that are looked at by the key players, and they target the challenges to overcome them and handle every issue smoothly.Ā 


Government is concerned aboutĀ the Air Traffic Management Market; the aviation sector is increasing its investment rate to meet the market demand. The government officials related to aviation sectors pay attention to the air traffic management system. TheĀ Air Traffic Management Market ValueĀ is expected to witness a CAGR of 5.15% during the evaluation period.


COVID-19 Analysis


The coronavirus outbreak has shown a negative impact on different industrial sectors. The Air Traffic Management Market has even become prey to the ongoing pandemic. Due to the strict lockdown guidelines, the transportation services were halted, and the movement of people even stopped. This situation has hampered the growth rate of the Air Traffic Management Market Outlook. As the transportation activities stopped, the requirement for air traffic management didnā€™t need, so this factor has shown a bad impact on the Air Traffic Management Market Value. But as the lockdown period started to end, the Air Traffic Management Market started noticing a gradual growth. Therefore, the market will recover its growth rate in the post-pandemic period.


Key Market Drivers

The key driving factors of theĀ Air Traffic Management Market OutlookĀ are the increased rate of airspace congestion. The advancement in data processing and communication technologies is driving the market and high demand for reliable air traffic infrastructure. The improvement for modernizing the airports boosts theĀ Air Traffic Management Market.


Market Challenges


TheĀ Air Traffic Management MarketĀ faces challenges due to the financial loss during the pandemic. Another challenging factor of theĀ Air Traffic Management Market isĀ the high cost of installing advanced equipment.Ā 


Market Opportunities


TheĀ Air Traffic Management MarketĀ is getting good opportunities due to the valuable service for the aviation sectors. Public preference to travel through air vehicles is even setting open opportunities for theĀ Air Traffic Management Market Growth.


Market Restraints


TheĀ Air Traffic Management MarketĀ is even facing restraining factors that hamper the market's growth. One of the major restraining factors of the market is the lack of a skilled workforce to operate the air traffic systems. The increased cyber threats are even hampering theĀ Air Traffic Management MarketĀ growth rate.


Cumulative Evaluation Of The Market


TheĀ Air Traffic Management Market TrendsĀ evaluation shows that the market will show an improved growth rate during the forecast period. The drivers and the growth opportunities will boost the market to compete at the global level. The restraining and challenging factors hinder the growth, but the key players pay core attention to target these factors. Various growth factors drive theĀ Air Traffic Management Market TrendsĀ to emerge worldwide. These will boost theĀ Air Traffic Management Market toĀ achieve the estimated CAGR in the review period.


Air Traffic Management Market Segmentation


TheĀ Air Traffic Management MarketĀ is divided into different segments based on type, component, airport type, and system.



  • By TypeĀ 


TheĀ Air Traffic Management MarketĀ type segment comprises air traffic control, air traffic flow management, and aeronautical information management. Among these segments, air traffic control is accounted to witness the largest market share of theĀ Air Traffic Management Market Share. Meanwhile,Ā Air Traffic Management Market isĀ estimated to register the highest CAGR during the review period. The air traffic control segment is driven due to the increased air traffic and airspace congestion.



  • By Component


TheĀ Air Traffic Management Market SizeĀ is subdivided into hardware and software segments in the component segment. The hardware segment is regarded as the largest segment because the complete air traffic management depends upon the hardware deployment for collecting data such as real-time information, transmitting data, and maintaining the orderly flow of air traffic.



  • By System


Based on the terms segment, theĀ Air Traffic Management MarketĀ is classified into communication, navigation, surveillance, and automation & simulation. Among the system segment, the communication segment is the largest market share of theĀ Air Traffic Management Market. The communication segment has shown a vital role in directing flights.


Air Traffic Management Market Regional Analysis


Overall, geographical data of the Air Traffic Management Market Analysis shows the market's growth in different regions worldwide, such as North America, Europe, Asia Pacific, the Middle & Africa, and Latin America. Among all these above regions, North America is considered the largest market in recent years because of the stringent air safety regulations in prominent regions such as the US and Canada. Followed by North America, the Asia Pacific is expected as the fastest growing market due to the rise in demand forĀ Air Traffic Management MarketĀ systems for the modernization of airports. The other regions are even going to show steady growth during the forecast period.


Global Air Traffic Management Market


On Jul.27, 2023, Skykraft, an Australian space services company, announced that it is all set to deliver the first space-based VHF communication for air traffic management. Voice radio communications in the VHF band are used to improve communication between pilots and air traffic controllers. The first trial of space-based VHF voice communications has also been completed.


On Jul.25, 2023, The Civil Aviation Authority of Singapore (CAAS) and the Japan Civil Aviation Bureau (JCAB) announced their collaboration to implement green air traffic management (ATM). Deploying green ATMs will improve air connectivity to meet robust air travel demand and make flying greener between the two countries. The two authorities agreed to facilitate the resumption of flights and city links, implement green aviation initiatives, foster a strong & positive safety culture, and leverage technology to overcome manpower shortages & raise productivity.


On Jul.17, 2023, Honeywell announced that its Europe-based research and development arm will work to digitize air traffic management in Europe. SESAR 3 Joint Undertaking projects aim to modernize the European air traffic management system and advance the transition toward a climate-neutral and digital Europe.


The company will participate in new research and development projects under the SESAR 3 Joint Undertaking partnership and its Digital European Sky program. These projects will see the development of innovative solutions focused on advanced automation across airspaces to improve operational efficiency and sustainability through new or improved ways of working.


On Feb.07, 2023, Skye Air, a leading drone solutions provider, launched a traffic management system for drones in India. The Skye UTM solution will allow drone operators to plan routes, make flight plans, and assess risks before running drone-based operations in the country. The software imports data from the government's Digital Sky platform, created to help drone operators plan flights in Indian airspace. First launched in 2018, the platform offers operators essential information for running drone missions nationwide.


Competitive Intensity Within The Industry


The key players of theĀ Air Traffic Management MarketĀ play a crucial role in lifting the market from any circumstances. Their marketing strategies effectively help the market grow in the proper direction to achieve the estimated USD value. The list of key players of theĀ Air Traffic Management MarketĀ are mentioned below:



  • 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)


Recent Market Development



  • According to the recent update, Skykraft Air Traffic Management Constellation will launch the SpaceX Transporter 5 Mission in Mid 2022.

  • The KLATCC (Kuala Lumpur Air Traffic Control Centre) improves the efficiency of the nationā€™s air traffic services.

  • The recent RISE project will successfully increase the automation for drone flight and air traffic control approvals.

  • In the Asia Pacific, the ICAO Regional Office in Thailand has developed a Seamless ATM Plan intended to set expectations for ATM upgrades in the world's busiest aviation region in terms of Revenue Passenger Kilometres.Ā 


Report Overview


The overall report of theĀ Air Traffic Management Market AnalysisĀ shows the market's growth in recent years. The chief drivers are why theĀ Air Traffic Management MarketĀ is enhancing across the globe. Despite facing a challenging situation during the pandemic, the market is trying to recover its growth rateā€”theĀ Air Traffic Management MarketĀ segments to provide their best services per the marketā€™s need. The regional analysis report of the market stated the market's progress in various regions. TheĀ Air Traffic Management Market ForecastĀ shows a significant growth rate with a healthy CAGR in the upcoming years.


Key Industrial Segments


By Type



  • Air Traffic Control (ATC)

  • Air Traffic Flow Management (ATFM)

  • Aeronautical Information Management (AIM)


By Component



  • Hardware

  • Software


By System



  • Communication

  • Navigation

  • Surveillance

  • Automation and Simulation


Ā 

Report Attribute/Metric Details
Market Size2032 USD 17.15 Billion
Compound Annual Growth Rate (CAGR) 5.15% (2020-2030)
Base Year 2019
Market Forecast Period 2020-2030
Historical Data 2018- 2019
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Airport Type, System, Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled 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)
Key Market Opportunities The valuable service for the aviation sectors
Key Market Dynamics The need for air traffic management is increasing in the number of unmanned aerial vehicles


Frequently Asked Questions (FAQ) :

The Air Traffic Management Market Forecast to reach a CAGR of 5.15% during the forecast period.

The hardware segment of the component type is the largest segment of the Air Traffic Management Market.

The North American region holds the highest share of their Traffic Management Market Share.

The prominent players of the Air Traffic Management Market are Harris Corporation (US), Cobham plc (UK), Comrod Communications AS (Norway), Terma A/S (Denmark), MTI Wireless Edge (Israel), Eylex Pty Ltd. (Australia), Cojot Oy (Finland), Raytheon Company (US), Lockheed Martin Corporation (US), Rohde & Schwarz (Germany), Barker and Williamson (US), and RAMI (US).

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