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(EMAILWIRE.COM, August 29, 2018 ) The Global Air Traffic Management market is expected to grow from $47.9 billion in 2016 to reach $102.35 billion by 2022 with a CAGR of 13.5%. Growing air traffic, development of new airports infrastructure, introduction of new aircrafts and modernization of ATM infrastructure are the factors driving the market. However, high cost associated with ATM systems and stringent regulatory norms may hinder the market growth. Growth in emerging economies is the major opportunity for vendors in Air Traffic Management (ATM) market.
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Some of the key players in the market include:
Thales Group, Aquila, Aeronav Group, BAE Systems PLC., Comsoft Solution GmbH, Harris Corporation, Honeywell International, Inc., Indra Sistemas, S.A., Lockheed Martin, Northrop Grumman Corporation, Raytheon, Saab AB, Intelcan Technosystems and Searidge Technologies.
In 2016, Air Traffic Control (ATC) segment accounted for the largest share of the Air Traffic Management (ATM) market during the forecast period. This is mainly attributed to the advancement of existing airspace and increase in air traffic and airspace congestion. Communication segment among applications is rising at the extreme rate and is likely to remain the leading segment throughout the forecast period due to increasing investments in advanced technology communication systems such as digital voice aeronautical telecommunications (ATN) network and voice recognition control.
North America accounted for the largest share in market owing to the implementation of latest air traffic management technologies and different initiatives taken by the FAA (U.S.) and Nav Canada to reduce environmental impact. While, Asia Pacific is expected to grow at a highest CAGR owing to development of greenfield airport and modernization of existing airports in emerging economies such as India and China.
Systems Covered:
Software
Hardware
Applications Covered:
Automation & Simulation
Communication
Navigation
Surveillance
Investment Types Covered:
Greenfield
Brownfield
Domains Covered:
Aeronautical Information Management (AIM)
Air Traffic Control (ATC)
Air Traffic Flow Management (ATFM)
Airport Classes Covered:
Class A
Class B
Class C
Class D
Other Classes
Regions Covered:
North America
Europe
Asia Pacific
Rest of the World
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Table of Content
1 Executive Summary
2 Preface
3 Market Trend Analyses
4 Porters Five Force Analysis
5 Global Air Traffic Management (ATM) Market, By System
6 Global Air Traffic Management (ATM) Market, By Application
7 Global Air Traffic Management (ATM) Market, By Investment Type
8 Global Air Traffic Management (ATM) Market, By Domain
9 Global Air Traffic Management (ATM) Market, By Airport Class
10 Global Air Traffic Management (ATM) Market, By Geography
11 Key Developments
12 Company Profiling
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Source: EmailWire.Com
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