Air Traffic Management Market Growing at the Fastest Rate in Asia Pacific and Middle East regions

1
According to the latest market research the
report "Air Traffic Management Market
by Airspace (Air Aeronautical Management),
Traffic Services, Flow Management, Airspace
Management, Info 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
increase in the airports in Asia
in airport, number of Pacific
Region, and
modernization of air traffic management
infrastructure drive the growth of the market.
Though the market has witnessed a slow growth in
recent years, introduction of unmanned traffic
management framework, introduction of remote and
digital towers and adoption of satellite-based
ATC as an opportunity for the market growth up
to 2025. Browse 527 market data Tables and 55
Figures spread through 378 Pages and in-depth
TOC on Air Traffic Management Market - Global
Forecast to 2025" 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,
2
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. 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. These companies
have well-equipped manufacturing facilities as
well as strong distribution networks across the
North American, European, Asia Pacific, Middle
East, Latin America and Africa region. Ask for
Sample Report _at_ https//www.marketsandmarkets.com/
requestsampleNew.asp?id160955838 About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70
to 80 of worldwide companies revenues.
Currently servicing 7500 customers worldwide
including 80 of global Fortune 1000 companies
as clients. Almost 75,000 top officers across
eight
3
industries worldwide approach MarketsandMarkets
for their painpoints around revenues
decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441