October 18, 2019
According to the latest study titled ‘Global Air Traffic Management Market Size, Status and Forecast 2019-2025’ available with Market Study Report LLC, the global air traffic management market is estimated to grow substantially by the year 2025.
Air traffic management involves assisting aircrafts during departure from aerodrome, throughout airspace transit, and while landing at the destination aerodrome. Airports are gradually deploying the air traffic management systems to be able to generate the alarms and alerts in case of airspace mismanagement. Rising concern regarding the safety of passengers, and focus on providing safe air travel is augmenting the air traffic management market.
Rising disposable income and changing trends among the millennials are compelling the people around the globe to travel, hence boosting the travel & tourism industry, which is further aiding the growth of air traffic management market.
The study analyzes air traffic management market for revenue shares and growth trends for each segment. It also provides a detailed synopsis of trends, challenges, threats, drivers, and opportunities influencing the market growth. Details encompassing acquisitions, mergers, and expansion plans for each market player are also given.
Based on type, air traffic management market is segmented as air traffic control (ATC), aeronautical information management (AIM), and air traffic flow management (ATFM). The ATFM segment is projected to grow momentously by the year 2025, owing to its ability to ensure smooth air traffic flow, claims the report.
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Speaking of application spectrum, the market is divided into navigation, communication, automation & simulation, and Surveillance. While considering the geographical landscape, the global air traffic management market is fragmented into regions, namely, China, Europe, United States, Japan, India, Southeast Asia, and Central & South America.
Some of the vendors that operate in the air traffic management market are Raytheon, Thales, Harris, Indra Sistemas, Honeywell, Northrop Grumman, BAE Systems, Saab, Advanced Navigation and Positioning, and Comsoft Solution.
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