Air Traffic Management Market Overview Report by 2020-2025

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The report "Air Traffic Management Market by
Airspace (Air Traffic Services, Flow Management,
Airspace Management, Aeronautical Info
Management), Offering, Application,
Services, End Use, Investment Type, Airport type
and Region - Global Forecast to 2025", size is
projected to grow from an estimated USD 9.7
billion in 2020 to USD 17.6 billion by 2025, at
a CAGR of 12.6 during the forecast
period. The increasing investments in airport,
increase in the number of airports in Asia
Pacific Region, and modernization of air traffic
management infrastructure drive the growth of
the market. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id160955838 The COVID-19 outbreak has
impacted the air traffic management market
adversely due to air travel restrictions on
domestic as well as international flights across
countries, resulting in the resulting in the
sudden decrease in the air traffic. This is
expected to negatively impact the air traffic
management market in the short term slow
recovery is expected in Q1 of 2021. The aviation
industry could take 2-3 years to recover from
the financial effects of COVID-19, leading to
lower air travels and passenger traffic compared
to previous estimates. Based on Airspace,
Aeronautical Information Management segment is
expected to grow at the highest CAGR in the air
traffic management market during the forecast
period Based on airspace, the aeronautical
information management segment is projected to
grow at the highest CAGR from 2020 to 2025. The
growth of this segment can be attributed as its
one of the crucial and important services in ATM
as it provides high- quality and reliable
electronic information, such as aeronautical,
meteorological, airspace, and flow management
parameters. The global ATM system foreseen in the
operational concept is based on a collaborative
decision-making environment in which real-time
information and historical data are essential
components. Based on offering, the software
and solutions sub-segment of offering
is projected to grow at the highest CAGR from
2020 to 2025 The growth of this segment can be
attributed as software is an essential component
of ATM as it is responsible for processing all
the data and information collected and exchanged
between various hardware described above. It also
helps in automating some of the ATM procedures.
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Europe and Middle East are expected to be the
fastest-growing region for air traffic
management market during the forecast
period Europe and Middle East are among the
fastest-growing regions for air traffic
management market. The growth of the market in
Europe is driven by the increase in air travel
in the region. BAE Systems PLC (UK) is one of the
leading manufacturers of air traffic management
based in UK. Europe had a record 11 million
flights in 2018, but this was forecasted to
increase to 17 million flights a year by 2020
and 20.4 million by 2030. Eurocontrol estimates a
12 shortage in available capacity by 2035.
Thus, it is necessary to modernize air transport
management systems, which is expected to drive
the market during the forecast period. Middle
Eastern countries such as the UAE and Saudi
Arabia are witnessing significant growth in air
passenger traffic as a result of international
tourism and increasing immigration in these
countries. According to ICAO, there are 13 Flight
Information Regions (FIR), and Middle Eastern
Air Navigation Service Providers (ANSPs) handle
over 1.7 million movements between 15
international airports and 700,000 movements
between 45 domestic airports every year. On
average, the regions ANSPs handle around 800
flights per day. Increasing air passenger traffic
in these countries is expected to drive the ATM
market in this region. Key Market
Players Raytheon Company (US), Indra Sistemas
S.A. (Spain), Harris Corporation (US), Thales
Group (France), Honeywell International Inc.
(US), Northrop Grumman Corporation (US),
Advanced Navigation and Positioning Corporation
(US), and Saab AB (Sweden) are the key
manufacturers of ATM systems in the North
American and European regions. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/reques
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