Air Traffic Management Market Size (2024 - 2029)

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).