According to the report titled ‘Europe Air Traffic Management Market Forecast 2027 By System, By Component, Research Report, Regional Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Europe air traffic management market value is anticipated to multiply manifold during 2015-2027.
 

Rise in the percentage of air passengers, along with emphasis among companies to provide efficient customer service through innovative products and high-end technologies are boosting the growth of Europe air traffic management market.
 

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Furthermore, introduction of innovative products and technological advancements to enhance the overall systems that control the flow of airplanes is adding momentum to the industry expansion as well.
 

Apart from that, computing technologies used in traffic air control in Europe are also being transformed with the help of innovative technologies. Several players have come up with cutting edge airspace management software aimed at reduction of environmental impact by airplanes and improve customer travel experience.
 

On the downside, COVID-19 pandemic had a severe effect on the progress of the industry owing to strict lockdowns and travel bans. Several European nations had sealed their international and inter-state borders, massively hampering both international and domestic air travel.
 

But as the effect of the pandemic is subsiding, countries have begun to open their borders which is likely to increase air traffic in the coming years, thereby contributing to the overall market progression.
 

Europe air traffic management market is segmented on the basis of component as hardware (navigation, surveillance, communication) and software. Among these, hardware segment is anticipated to capture a significant market share during 2015-2027, owing to strong demand for collecting real-time data about the movements of flights from airports. Moreover, upgradation of hardware systems with high-end technology to enhance travel experience of passengers as well as staff will foster the segmental growth.
 

Based on system type, the industry is classified into airspace management, air traffic flow management, air traffic control, and aeronautical information management.
 

Key players operating in Europe air traffic management market are ACAMS AS, Frequentis Group, BAE Systems plc, Honeywell International, Inc., L3Harris Technologies, Inc., Lockheed Martin Corporation, NAV Canada, Raytheon Technologies Corporation, Saab AB, Saipher ATC, Serco Group plc, Northrop Grumman Corporation, NATS Holdings Limited, SkySoft-ATM, and Thales Group.