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. Read More

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. Read More

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. Read More

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). Read More

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. Read More

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. Read More

Air Traffic Management Market

Air Traffic Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Air Traffic Management Market Report is Segmented by Domain (Air Traffic Control, Air Traffic Flow Management, and Aeronautical Information Management), Component (Hardware and Software), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

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.