“Commercial Air Traffic Management Market Analysis to 2030” is a specialized and in-depth study with a particular focus on global market trend analysis.
NEW YORK, USA, November 24, 2022 /EINPresswire.com/ — According to The Insight Partners, the latest research report on “Commercial Air Traffic Management Market Size, Revenue, Global Analysis and Forecast to 2030”, the market size is expected to reach US$10,279.46 million by 2030 and register a CAGR of 7.8% from 2022 to 2030.
Another major factor supporting the deployment of air traffic management systems at new airports around the world. In addition, supportive policies from governments and an increase in investments from airport authorities in different countries are catalyzing the start of new airport construction projects, which include the construction of new ATC towers and the deployment of control or management systems. air traffic at these airports. For example, in 2020, the Civil Aviation Administration of China (CAAC) announced the construction of new airports at different locations in China. Plans published by the CAAC aim to build 150 new airports by the end of 2035, with an average construction of 10 airports per year. Additionally, the new construction of ATC towers at existing airports is another major factor propelling the deployment of new air traffic management systems worldwide.
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Commercial air traffic management market players include both hardware manufacturers and software vendors, which depend on each other. Hardware manufacturers and software vendors include Thales SA, BAE Systems Plc, Indra Sistemas SA, L3Harris Technologies Inc, Raytheon Technologies Corp, Honeywell International Inc, Saab AB, SITA SC and NEC Corp. These market players provide the airport with updated and advanced services. air traffic management systems and software. However, system manufacturers and software vendors are required to acquire approval certification for their products from various government authorities such as the Federal Aviation Administration (FAA) and the Union Aviation Safety Agency. European (EASA). After approval, manufacturers and software vendors start manufacturing and delivering the same product to customers.
The commercial air traffic management market size is segmented on the basis of type, component, application, airport class and geography. Based on type, the commercial air traffic management market is segmented into air traffic services, air traffic flow management and airspace management. Based on components, the market is divided into hardware and software. Based on application, the market is segmented into communication, navigation, surveillance, traffic control, and others. On the basis of airport class, the market is segmented into Class I, Class II, Class III and Class IV. By geography, the market is primarily segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America.
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The end users are the end players in the global commercial air traffic management market. All commercial airports are end users of the commercial air traffic management market. One of the major factors driving the commercial air traffic management market is the growth in the number of new airports across the globe. Additionally, several existing airports are upgrading their ATM solutions to improve their ability to handle ever-increasing air traffic. It is also an important factor that strengthens the commercial air traffic management market.
Main results of the study:
The commercial air traffic management market is segmented into five regions: North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA) and South America (SAM). North America dominated the commercial air traffic management market analysis in 2021, and it is expected to maintain its dominance throughout the forecast period. North America has the largest fleet of commercial aircraft in the world, with thousands of daily flights at different airports. This requires continuous monitoring and air traffic management systems for better traffic management and efficient airport operations. North America’s airport infrastructure is among the oldest. For this reason, the demand for periodic replacement and upgrades of air traffic management systems is often increased. Furthermore, the demand for upgrading the existing air traffic management systems in the region is driven by the continuous increase in air passenger traffic and commercial aircraft operations at different airports in countries such as the United States. and Canada. The presence of major players in the commercial air traffic management market such as L3Harris Technologies Inc., Collins Aerospace and Honeywell International Inc. is another major factor that is catalyzing the growth of the commercial air traffic management market in North America.
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The US aviation industry is one of the leading countries in the global aviation industry. The country has the largest fleet of aircraft which handles millions of passengers per year. For example, according to the U.S. Department of Transportation, the airways carried about 674 million passengers across the country in 2021, up 82% from 369 million passengers in 2020. The increase in passenger traffic is leading to the purchase of more passengers. of aircraft across US carriers and generating more demands on ATM operations. Additionally, modernization of existing ATC towers at different US airports and commissioning of new ATC towers at different airports in the US is catalyzing the growth of the commercial air traffic management market across the country.
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