Global Air Traffic Management Market is anticipated to grow at a high CAGR from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Global Air Traffic Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the Global Air Traffic Management Market is anticipated to grow at a high CAGR from 2020 to 2030.
Remote air traffic management systems termed as digital air traffic control towers were developed by Saab Digital Air Traffic Solutions. They allow operators to manage air traffic from remote locations, making the requirement of physical presence absolute. Advancements in internet connectivity, including 5G networks, are providing effective ways of communication, bridging the gaps of distances for operation. Industry players in the air traffic management market are continuously upgrading their systems in the remote air traffic management vertical. This has enabled them to earn various contracts from major industry players based on their future technologies. For instance, NATO NAEW&CF E3A Component in Geilenkirchen, Germany, an air traffic control provider of the NATO airbase, has ordered to install a second-generation digital air traffic control tower that will be delivered by 2020.
The introduction of unmanned aerial vehicles has revolutionized several industries including the aviation industry. The increasing demand for cost-effective operations and applications of drones in several other sectors are boosting the global air traffic management market. There have been several cases where flights were canceled or delayed due to the interference of drones. In order to eliminate this rising threat, air traffic management system providers are actively integrating drones into their system for tracking details and preventing undesirable situations. For instance, in June 2019, Raytheon, a developer of Standard Terminal Automation Replacement Systems (STARS), announced its partnership with AirMap, having more than 250,000 UAS registered under their system. Through this partnership, the integration of aircraft data and UAS will enhance operational efficiencies and reduce accidents caused by drones.
North America has one of the busiest skies on the globe owing to a great number of commercial & defense air activities. The U.S. being a leading country to witness the greatest number of flights, has been continuously improving its air traffic management. Government agencies and the regulatory bodies are undertaking various initiatives, such as forming rules& norms, publications, and others, for the efficient functioning of the services, further propelling the size of the air traffic management market in the region. Technological advancements and the introduction of innovative solutions by some of the major market players are making the market more competitive. A dire need for upgrading systems with increased operational efficiency to cater to rising air traffic is boosting the competitive nature of the market. For instance, in 2018, NASA, in partnership with FAA, delivered a software termed as Flight Deck Interval Investment (FIM). FIM enables air traffic controllers to predict airplane arrival times to an airport within five to ten seconds with more accuracy as compared to conventional systems, which take about a minute.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, 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 in detail along with the table of contents:https://www.marketindustryreports.com/global-air-traffic-management-market/402
Some of the prominent players 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. Airport authorities are signing technical assistance agreements with several companies to develop air traffic management roadmaps that enable authorities to efficiently perform various airport operations. For instance, in June 2019, the Airport Authority of India signed an agreement with Boeing to analyze current traffic management technologies and develop a roadmap to achieve optimal airspace capacity.
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