Global Air Traffic Management Market By Component (Hardware {Communication, Navigation, and Surveillance} and Software & Solutions), By System (Air Traffic Control, Airspace Management, Air Traffic Flow Management, and Aeronautical Information Management) – Global Analysis & Forecast 2020-2030.

Report ID : 402  |  Published Date : Oct 2020  |  Pages : 150  |  Region : Global  |  Report Code : AD-7





Global Air Traffic Management Market Overview and Introduction

Air traffic management is controlled by a conglomerate of government bodies and private players across the globe. Air traffic management is an international affair and regions across borders need to communicate effectively for smooth operations. Major government regulatory bodies, such as the FAA and Eurocontrol, have established global regulations & standards. Moreover, every region has its set of regulations, which they follow to ensure smooth business operations.

The growing demand for safe & reliable air operations, owing to an increasing number of airborne flights, will proliferate the air traffic management market size during the forecast timeframe. The expansion of fleets by airline operators to cater to the growing number of air passengers has raised concerns regarding aircraft safety and that of its occupants. Airport authorities are continuously enhancing their technologies and systems to ease air activities around the airports. The latest technological upgrades in air traffic management allow controllers to visualize 4D trajectory routes of aircraft and alert operators in cases of possible collisions well in advance. Also, they allow operators to control air traffic from a remote location, enhancing the scope of applications. Recent developments related to linking air traffic management with communication satellites have allowed controllers to access aircraft locations irrespective of their proximities with airports.

Airport infrastructure is witnessing improvisation and expansion on a massive scale with governments avidly supporting private participants. Airports will witness substantial growth in the air traffic management market size owing to growing investments in new modern airports equipped with all essential technologies and systems. The growing number of air passengers has boosted airport activities and triggered governments and investors to invest in new airports. For instance, in September 2018, Suresh Prabhu, the Civil Aviation Minister of India said that India is planning to construct 100 new airports in the coming 10 to 15 years to cater to the needs of growing air passengers in India, which is estimated to account for approximately 520 million.

Stringent regulations, standards, and requirements have been formulated by different government agencies and aviation regulatory bodies for the smooth management of air traffic. According to ICAO (International Civil Aviation Organization), the operational concept of air traffic management at a global level refers to the required performance levels of systems in terms of safety, regularity, efficiency, certification, and quality assurance along with situational awareness, flight anatomy, traffic flow optimization, collision avoidance, etc. Various initiatives by regulatory bodies have supported the surging size of the air traffic management market share.

The air traffic management market can be segmented into the following categories – By Component, By System, and By Region

Global Air Traffic Management Market By Component

Based on the component, the market can be segmented into hardware and software & solutions. The software & solutions segment is anticipated to showcase the fastest growth in the air traffic management market size owing to the increasing requirement of advanced software technologies to read & analyze air activities. The rising requirement for enhanced applications and services with better interfaces and accuracy are prompting airport operators to upgrade their systems with the latest software. Their integration with hardware for its appropriate functioning and proper interfaces between users and systems define the criticality and importance of software, which may severely impact the overall operations. For instance, in April 2018, Eurocontrol, an air traffic management organization in Europe underwent a technical software glitch that delayed around 15,000 flights across Europe.

Global Air Traffic Management Market By System

Based on the system, the market can be classified into air traffic control, airspace management, air traffic flow management, and aeronautical information management. The aeronautical information management segment will grow at a significant rate in the air traffic management market owing to the requirement of real-time information on aeronautical activities for efficient and safe operations. Organizations are gradually shifting their focus from Aeronautical Information Services (AIS) to Aeronautical Information Management (AIM) with the implementation of System Wide Information Management (SWIM) for better operations, further proliferating the market share.

Global Air Traffic Management Market By Region

Based on the region, the global air traffic management market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America will hold the highest market share in the global air traffic management market. This major share of North America can be attributed to the immense number of flights and intensified air traffic in the region. Regulatory agencies and controlling authorities, such as the Federal Aviation Authority (FAA), are handling over 16,100,000 flights yearly with a daily average of over 87,000 flights crossing the U.S. skies. The need for managing huge numbers of flights with increasing traffic density requires enormous coordination and accuracy, which will propel the market growth.

Global Air Traffic Management Market Prominent Players

Some of the major players present in the air traffic management market include            Raytheon Company, Harris Corporation, Thales Group, Northrop Grumman Corporation, Honeywell International Inc., Saab AB, BAE Systems, Lockheed Martin Corporation, and Kongsberg, among others. The market players are engaging in various strategies, such as partnerships, new product developments, and others, to expand their market size. For instance, in July 2018, Inmarsat, in association with the European Space Agency (ESA), completed the first successful test flight. The flight was equipped with the most advanced aviation satellite technology for the Iris program aiding the upgrading of European air traffic management. This will subsequently enhance the company’s market share over the coming years.