Commercial Air Traffic Management Markets 2021-2029: APAC is Expected to Dominate the Global Market with the Expansion of Existing Airport Infrastructures (Brownfield)

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May 28, 2021, 12:00 ET

DUBLIN, May 28, 2021 /PRNewswire/ -- The "Global Commercial Air Traffic Management - Market and Technology Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The market revenue for the Global Commercial Air Traffic Management Market accounted for USD 4.21 billion in the year 2020, where it came from 7.2 billion in 2019, and it is anticipated to reach a value of around USD 11.00 billion by the year 2029. The market growth dynamics account for a CAGR of around 10.08% during the forecast period.

Air traffic management (ATM) technology is complex and evolving at a rapid pace. Moreover, technological developments, an increase in the number of air passengers, a rise in the number of airports, and a need for safer and secure air transport in developing countries are further boosting the growth of the market.

Factors such as the high cost of technology, and airborne equipment standards, however, hinder the growth of the market to some extent. An increasing number of global aircraft movements and the launch of expansion programs for brownfield and new greenfield projects by many nations around the world have created promising opportunities for the commercial air traffic management market to grow.

APAC is expected to dominate the Global Commercial Air Traffic Management Market in 2029 with a market value of around USD 2.86 billion owing to the increasing investment in this sector (Greenfield) coupled with a rise in daily air passenger numbers.

The rising global investments for the expansion of existing airport infrastructures (Brownfield) in countries including China, India, South Korea, Japan, and Others in the APAC region is another factor that is expected to fuel the growth of the Global Commercial Air Traffic Management Market.

Europe is expected to be the second-largest market with a value of around USD 2.75 billion. APAC is expected to be the fastest-growing market over the forecast period with a CAGR of around 11.94%.

Current Market Overview of the Global Commercial Air Traffic Management Market

History
Air Navigation Services (ANS)
U.S. System
Traffic Management Network
Traditional Approach
Digital Age Concepts
Operational Concepts & Functional Structure
ATM Objectives
NAS Airspace Structure
Performance Incompatibilities

Current Market Trends of the Global Commercial Air Traffic Management Market

Technological Background
Types of Air Traffic Control
Airspace
Remote Virtual Towers Services
Information Management and Decision-Making
Rapidly Developing Navigation Technologies
Global Navigation Satellite System (GNSS)
Performance-Based Navigation (PBN)
Automatic Dependent Surveillance-Broadcast (ADS-B)
Space-Based Automatic Dependent Surveillance-Broadcast
Comparison Between Traditional ATM and ATM Using Advanced Technology
International Programs
The International Civil Aviation Organization (ICAO)
SESAR
Next Generation Air Transport System (NextGen)

Leading Companies in the Global Air Traffic Management Market

BAE Systems
Honeywell
Indra Sistemas S.A.
L3 Harris Technologies
Leonardo S.p.A.
Lockheed Martin
Northrop Grumman
Raytheon Technologies
Saab AB
Thales Group

Segmentation covered in this report

The market is segmented based on Region, Services, Components, Airport Size, Type, and Offering:

By Region

North America
Europe
APAC
Middle East
ROW

By Services

Air Traffic Services
Airspace Management
Air Traffic Flow Management
Aeronautical Information Management

By Components

Communication
Navigation
Surveillance
Automation

By Airport Size

Small
Medium
Large

By Type

Brownfield
Greenfield

By Offering

Hardware
Software

Country Analysis

United States of America
China
France
United Kingdom
Netherlands
Canada
Germany
Japan
Turkey
Mexico

For more information about this report visit https://www.researchandmarkets.com/r/7s9a85

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SOURCE Research and Markets