Air Traffic Management Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 10.85 Billion |
| Market Size (2029) | USD 14.77 Billion |
| CAGR (2024 - 2029) | 6.36 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Air Traffic Management Market Analysis
The Air Traffic Management Market size is estimated at USD 10.85 billion in 2024, and is expected to reach USD 14.77 billion by 2029, growing at a CAGR of 6.36% during the forecast period (2024-2029).
- Growth in commercial aviation operations coupled with a growing focus on improving air safety globally are some of the factors that are anticipated to lead the market to witness significant growth in the future. Moreover, growth in the modernization of air traffic management infrastructure is also one of the major factors that will lead to the market witnessing substantial growth during the forecast period.
- However, stringent regulatory norms that are associated with aircraft operation coupled with higher costs of acquisition of air traffic management equipment will hamper the growth of the market in the long run.
- Nevertheless, various advancements in unmanned air traffic management, as well as the growing role of digitalization in aviation operations, will lead to the generation of newer business opportunities for the market players.
Air Traffic Management Market Trends
Air Traffic Flow Management Segment To Showcase Remarkable Growth During the Forecast Period
- The global aviation industry in recent years has witnessed noteworthy growth in terms of aviation operations as well as an increase in the number of air passenger traffic. Furthermore, the growth in aviation operations has led to an increase in various airline companies catering to newer routes and destinations, which in turn will eventually lead to growth in the number of commercial aviation acquisitions by major airline companies in the coming years. For instance, in September 2023, Cathay Pacific announced signing an agreement with Airbus to acquire 32 A320neo aircraft. Such acquisition will help the carrier to extend its flight operations across various Asian countries.
- Furthermore, the growing air traffic at various airports worldwide in recent years has led to the creation of bottlenecks, which has stimulated growth in airport expansion/construction projects. For instance, in October 2023, airport officials at the Hector International Airport in the United States announced their plans to extend the existing terminal building under a project which is valued at USD 125 million. Furthermore, the construction is scheduled to commence in March 2024 and is expected to be completed within the next four years.
- Thus, the growth in air travel demand within the region, coupled with the growing number of airport expansion projects to handle the increasing air traffic flow, will generate noteworthy market growth during the forecast period.
Asia-Pacific To Dominate the Market During the Forecast Period
- The growth in the aviation industry within the region has led to the creation of immense stress on existing airports, which are now reaching saturation. This has led to growth in the number of airport constructions/ expansion projects within the region. For instance, in November 2023, airport officials at the Calicut International Airport announced that the airport would undergo a large-scale expansion valued at USD 8 billion to expand the existing runway and construct an additional length of the runway safety area at both ends of the runway.
- Several companies that have already established their presence within the region are now investing substantially in the development of new air traffic management solutions. For instance, in March 2023, Indra Sistemas S.A. announced that they would be providing a pioneering system to India that will help to centralize all the phases of air traffic surveillance and control in India, thereby helping to improve flight safety, increase management capacity, and efficiency and reduce delays, emissions, and noise pollution.
- Furthermore, the Airport Authority of India (AAI) announced awarding a USD 59 million contract to Indra Sistemas S.A. to deploy their system at five main traffic control centers and airports, which are located at Mumbai, Hyderabad, Bangalore, Navi Mumbai, and Mopa. Thus, the growth in aviation operations coupled with an increase in airport construction projects coupled with growth in the development of new air traffic management technologies will lead to the market witnessing significant growth within the Asia-Pacific region during the forecast period.
Air Traffic Management Industry Overview
- The air traffic management market is fragmented with various players dominating the market. Some of the major players in the air traffic management market are Airbus SE, Leidos, Inc., Honeywell International Inc., L3Harris Technologies, Inc., and RTX Corporation, amongst others.
- Various players in the market are now investing significantly in research and development of advanced air traffic management systems, which are aimed at improving air safety globally. Moreover, several companies have also now started to enter into partnerships with airports around the world to understand their requirements and integrate newer generations of advanced artificial intelligence technologies to address the existing challenges regarding capacity, connectivity, forecasting, and delay management amongst others.
- Furthermore, several companies are now investing in the development of newer artificial intelligence (AI)--based air traffic management platforms to help airports overcome existing and upcoming challenges related to congestion in the airspace. Thus, such investments will lead to the market players capturing significant market share in the years to come, thereby driving the market towards growth during the forecast period.
Air Traffic Management Market Leaders
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Leidos, Inc.
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Honeywell International Inc.
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L3Harris Technologies, Inc.
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RTX Corporation
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Airbus SE
*Disclaimer: Major Players sorted in no particular order
Air Traffic Management Market News
- January 2024: Easy Jet announced that they are the first airline partner of the Iris program, which is an initiative led by the European Space Agency (ESA) as well as the global communications company Viasat. Moreover, both of these organizations are now making use of the latest generation of satellite technologies to help modernize air traffic management.
- October 2023: Airport officials at Biju Patnaik International Airport located in Bhubaneswar, Odisha, announced that the airport received a new air traffic management automation system at the newly developed air traffic control center, which will help to improve the operational efficiency of the flight operations at the airport.
Air Traffic Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Domain
5.1.1 Air Traffic Control
5.1.2 Air Traffic Flow Management
5.1.3 Aeronautical Information Management
5.2 Component
5.2.1 Hardware
5.2.2 Software
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Mexico
5.3.4.2 Brazil
5.3.4.3 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Qatar
5.3.5.4 South Africa
5.3.5.5 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Adacel Technologies Limited
6.2.2 ANPC
6.2.3 Airbus SE
6.2.4 Leidos, Inc.
6.2.5 Honeywell International, Inc.
6.2.6 L3Harris Technologies, Inc.
6.2.7 Indra Sistemas, S.A.
6.2.8 RTX Corporation
6.2.9 Saab AB
6.2.10 THALES
6.2.11 Northrop Grumman Corporation
6.2.12 SITA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Air Traffic Management Industry Segmentation
Air traffic management basically encompasses various systems that help assist aircraft to depart and land at airports and transit airspaces. Moreover, air traffic management helps to ensure the safe and efficient flow of air traffic.
The air traffic management market is segmented by domain, component, and geography. By domain, the market is segmented into air traffic control, air traffic flow management, and aeronautical information management. By component, the market is segmented into hardware and software. The report also covers the market sizes and forecasts for the air traffic management market in major countries across different regions.
For each segment, the market size is provided in terms of value (USD).
| Domain | |
| Air Traffic Control | |
| Air Traffic Flow Management | |
| Aeronautical Information Management |
| Component | |
| Hardware | |
| Software |
| Geography | |||||||
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Air Traffic Management Market Research FAQs
How big is the Air Traffic Management Market?
The Air Traffic Management Market size is expected to reach USD 10.85 billion in 2024 and grow at a CAGR of 6.36% to reach USD 14.77 billion by 2029.
What is the current Air Traffic Management Market size?
In 2024, the Air Traffic Management Market size is expected to reach USD 10.85 billion.
Who are the key players in Air Traffic Management Market?
Leidos, Inc., Honeywell International Inc., L3Harris Technologies, Inc., RTX Corporation and Airbus SE are the major companies operating in the Air Traffic Management Market.
Which is the fastest growing region in Air Traffic Management Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Air Traffic Management Market?
In 2024, the Asia-Pacific accounts for the largest market share in Air Traffic Management Market.
What years does this Air Traffic Management Market cover, and what was the market size in 2023?
In 2023, the Air Traffic Management Market size was estimated at USD 10.16 billion. The report covers the Air Traffic Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Air Traffic Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Air Traffic Control Industry Report
Statistics for the 2024 Air Traffic Control market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Air Traffic Control analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
