Visiongain Publishes Air Traffic Management Market Report 2021-2031

01 December 2020
Aviation

Visiongain has published a new report on Air Traffic Management Market Report 2021-2031: Forecasts by Component (Communication, Navigation, Surveillance, Others), System (Airspace Management, Air Traffic Control, Air Traffic Flow Management, Aeronautical Information Management), End-use (Tactical, Commercial), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). PLUS Analysis of Leading Air Traffic Management Companies AND COVID-19 Recovery Scenarios.

Global air traffic management market size is estimated to reach US$ xx billion in 2026 from US$ xx billion in 2021 while growing at a CAGR of xx% during the first half of the forecast period i.e. 2021 to 2026. The global market size is further projected to reach US$ xx billion by 2031 at a CAGR of xx% from 2021 to 2031.

COVID-19 Impact
Changes in passenger behaviour following the COVID-19 crisis, restrictions on travel, and the resulting economic crisis have contributed to a drastic decrease in demand for airline services. According to IATA, in April 2020, freight transport, which was almost 30 percent lower year-on-year in April and still about 12 percent lower in August, was affected by the collapse in economic activity and trade. The severity of the shock has put the liquidity reserves of airline companies under pressure, even though a large proportion of their costs are variable (around 50% according to IATA, especially fuel accounting for 25 % of total costs) and the recent drop in oil prices has lowered the operating costs of airlines.

Emerging Economies Willing to Invest in Improving Air Traffic Management
Despite the difficulties and complexities of air traffic management, major developments in both developed and emerging markets for air travel are on the way forward. The growth of the air travel industry in countries such as China and India will enhance air traffic management through the use of processes, instruments, and technologies already used in developed markets such as the United States and Europe. Emerging markets, such as China, are willing to make major investments in improving air traffic management by building new airports, extending existing airports, modifying control procedures, and investing in control instruments. All these factors are projected to offer lucrative growth opportunities for the market players over the forecast period from 2021 to 2031.

Market Opportunities

Transforming Air Traffic Management with Artificial Intelligence
Airline passenger numbers are continuously increasing and are projected to double by 2037. This would greatly increase the number of operating flights regularly, which will have a fundamental effect on the management of air traffic. Also, several areas around the globe are experiencing erratic weather with climate change, causing major flight delays. Therefore, the adoption of new-age technology is becoming imperative in promoting crowded airspace. For instance, London Heathrow Airport has invested in building a digital library tower using ultra-high-definition cameras and AI technology. This tower would boost the capacity of the UK’s busiest airport and ease the air traffic to a great extent. Over the last decade, the airline industry has seen its fair share of challenges, from the emergence of low-cost airlines to bankruptcies to unstable fuel prices. Against all these odds, however, the industry has continued to emerge victoriously. As customer priorities and preferences shift alongside regulatory standards, through their transformation efforts, early adopters will reap full benefits.

Some of the major companies operating in the global Air Traffic Management market are BAE Systems plc, Leonardo, Lockheed Martin Corporation, Northrop Grumman, Thales Group, Honeywell International, L3Harris Technologies, Inc., Raytheon Company, Searidge Technologies, Saab AB, Frequentis AG, and Leidos.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Aviation Test Equipment Market Report 2021-2031

The foundation for effective ground and flight testing in the aviation industry is the development of safe and reliable measurement technology. Over the forecast period, this is expected to fuel the global aviation test equipment market.

01 April 2021

Read

Visiongain Publishes Radar System Market Report to 2031

The increasing application of radar systems in wake of emerging demand for unmanned vehicles, and growing demand of radar systems for homeland security purpose is expected to drive the growth of the radar systems market over the forecast years.

24 March 2021

Read

Visiongain Publishes Small Drones Market Report to 2031

The civil & commercial application drones are projected to grow in high demand over the forecast timeframe. This growth in demand can be credited to the rising adoption of small drones for several civil & commercial applications, for instance, remote sensing, mapping monitoring, and surveying.

24 March 2021

Read

Visiongain Publishes Satellite Communication (SATCOM) Equipment Market Report to 2031

The growing demand for uninterrupted communication in several businesses, along with the growing number of connected and autonomous vehicles have resulted in raising the focus of satellite manufacturing companies and associated firms active in the industry.

24 March 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever