Market Size of Air Traffic Management Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 10.85 Billion |
Market Size (2029) | USD 14.77 Billion |
CAGR (2024 - 2029) | 6.36 % |
Fastest Growing Market | North America |
Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
Air Traffic Management Market Analysis
The Air Traffic Management Market size is estimated at USD 10.85 billion in 2024, and is expected to reach USD 14.77 billion by 2029, growing at a CAGR of 6.36% during the forecast period (2024-2029).
- Growth in commercial aviation operations coupled with a growing focus on improving air safety globally are some of the factors that are anticipated to lead the market to witness significant growth in the future. Moreover, growth in the modernization of air traffic management infrastructure is also one of the major factors that will lead to the market witnessing substantial growth during the forecast period.
- However, stringent regulatory norms that are associated with aircraft operation coupled with higher costs of acquisition of air traffic management equipment will hamper the growth of the market in the long run.
- Nevertheless, various advancements in unmanned air traffic management, as well as the growing role of digitalization in aviation operations, will lead to the generation of newer business opportunities for the market players.
Air Traffic Management Industry Segmentation
Air traffic management basically encompasses various systems that help assist aircraft to depart and land at airports and transit airspaces. Moreover, air traffic management helps to ensure the safe and efficient flow of air traffic.
The air traffic management market is segmented by domain, component, and geography. By domain, the market is segmented into air traffic control, air traffic flow management, and aeronautical information management. By component, the market is segmented into hardware and software. The report also covers the market sizes and forecasts for the air traffic management market in major countries across different regions.
For each segment, the market size is provided in terms of value (USD).
Domain | |
Air Traffic Control | |
Air Traffic Flow Management | |
Aeronautical Information Management |
Component | |
Hardware | |
Software |
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Air Traffic Management Market Size Summary
The air traffic management market is poised for significant expansion over the forecast period, driven by the increasing demand for commercial aviation and a heightened focus on global air safety. The modernization of air traffic management infrastructure is a key factor contributing to this growth. However, the market faces challenges from stringent regulatory norms and the high costs associated with acquiring air traffic management equipment. Despite these challenges, advancements in unmanned air traffic management and the growing role of digitalization in aviation operations are expected to create new business opportunities for market players.
The global aviation industry has experienced substantial growth, leading to an increase in air passenger traffic and the expansion of airline routes. This growth has prompted numerous airport expansion and construction projects to accommodate rising air traffic. Companies are investing heavily in developing new air traffic management solutions to enhance flight safety and efficiency. The market is characterized by fragmentation, with major players like Airbus SE, Leidos, Inc., and Honeywell International Inc. investing in research and development of advanced systems. These investments, along with partnerships and the integration of artificial intelligence technologies, are expected to drive market growth and capture significant market share in the coming years.
Air Traffic Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Domain
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2.1.1 Air Traffic Control
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2.1.2 Air Traffic Flow Management
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2.1.3 Aeronautical Information Management
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2.2 Component
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2.2.1 Hardware
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2.2.2 Software
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Mexico
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2.3.4.2 Brazil
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2.3.4.3 Rest of Latin America
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2.3.5 Middle East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 Qatar
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2.3.5.4 South Africa
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2.3.5.5 Rest of Middle East and Africa
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Air Traffic Management Market Size FAQs
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.
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.