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
An increasing amount of airports and an increasing amount of passenger traffic require better management of air traffic, thus creating market demand.Developing airport infrastructure and increasing demand for reliable air traffic & security are some of the market’s major growth drivers. With the quickly growing modernization in developed countries and growing business globalization, the amount of airports is increasing day by day and the need to manage airports effectively is growing.
The market is segmented into Hardware and Software based on component and software segment is anticipated to witness highest growth over the estimated period.The military and defense sectors are also increasingly getting organized to manage and control air traffic problems in the vicinity of defense aircraft and other aircrafts.This implementation and its advantages have led to the huge popularity of air traffic management systems.
As the competitiveness at the airport transport services increasing, there is also a growing daily need for effective airspace management, and these factors are expected to stimulate aerial traffic management market growth over the projected era. Furthermore, Air traffic management systems also contribute actively to the maintenance of the equilibrium between altering weather and airport operations.The greater price of installation and absence of understanding of the global air traffic management demand in the predicted years are projected to be the main constraints for this market growth.
As a result of the continual developments in sophisticated air traffic management techniques and their applications, North America dominates the air traffic management market. Furthermore, highest number of airports in this region justifies the major market of air traffic management in North America. The main player operating in this market are continuously focusing on fresh technological developments in Air Traffic Management in order to improve their product range.Companies are also focusing on strategies for geographical expansion such as partnerships, acquisitions and fusions.
The comprehensive report provides market estimates and forecast for leading domestic markets across the world for the period 2020 to 2030. In addition, the report includes dedicated leading companies covering 10 leading Air traffic managementplayers. The study also includes a thorough overview of the business sector and comprehensive overview of the current Air traffic managementevaluation.
The report on the Air traffic managementMarket 2020 – 2030 will stand useful for companies that want to better understand the part of the market in which they are already involved or those who want to enter or expand into another regional or technical part of Air traffic managementindustry.
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