Increased airport investments is one of the significant factors driving the air traffic management market The Air Traffic Management (ATM) market is projected to grow from an estimated USD 14.1 billion in 2018 to 18.8 billion by 2025, at a CAGR of 4.20% during the forecast period. This growth can be attributed to increasing airport investments and modernization of ATM infrastructure.
Based on end use, the commercial segment is projected to lead the ATM market during the forecast period Based on end use, the commercial segment is estimated to account for the largest share of the ATM market in 2018.Increasing air travel has led to an increase in commercial air traffic.
Commercial air traffic has been higher and has greater frequency than tactical air traffic. This in turn, leading to the increasing need for ATM systems to cope with the increasing commercial air traffic.
Asia Pacific is estimated to account for the largest share of the ATM market in 2018 and the Europe market is projected to grow at the highest CAGR during the forecast period
Asia Pacific is estimated to account for the largest share of the ATM market in 2018.Air traffic in the Asia Pacific has been growing at a very high rate; this has led to a demand for more airports and modernization of existing ones.
China is the largest market in this region, followed by India.Rise in air passenger traffic has led to the introduction of new airlines, which has led to an increase in the number of aircraft deliveries, which is simultaneously expected to boost the market for ATM in this region.
The Europe market is projected to grow at the highest CAGR during the forecast period, owing to increased brownfield airport investments as well as the Single European Sky program, which is expected to spur an increase in demand for ATM systems.
Break-up of profile of primary participants in the Air Traffic Management market: • By Company Type: Tier 1 – 77%, Tier 2 – 15%, and Tier 3 – 8% • By Designation: Others – 79%, C Level – 16%, and Director Level – 5% • By Region: Asia Pacific – 51%, Africa – 16%, Europe – 15%, Middle East – 9%, and North America – 9%
Major companies profiled in the report include Thales Group (France), Raytheon Company (US), Indra Sistemas, S.A. (Spain), Harris Corporation (US), Northrop Grumman Corporation (US), Honeywell International, Inc. (US), BAE Systems PLC (UK), and Saab AB (Sweden), among others.
Research Coverage: This research report categorizes the ATM market on the basis of Airspace (Air Traffic Services, Air Traffic Flow Management, Airspace Management, and Aeronautical Information Management), Component (Hardware and Software), End Use (Commercial and Tactical), Investment Type (Brownfield and Greenfield). These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World (includes Africa, and Latin America).
Reasons to buy this report: From an insight perspective, this research report has focused on various levels of analyses —industry analysis (industry trends), market share analysis of top players, competitive leadership mapping matrix, and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging and high-growth segments in the ATM market; high-growth regions; and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers: • Market Penetration: Comprehensive information on ATM offered by top players in the market • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the ATM market • Market Development: Comprehensive information about lucrative markets – the report analyzes the ATM market across varied regions • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ATM market • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the ATM market
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