Air Traffic Management Market projected to reach $17.6 Billion by 2025 - PowerPoint PPT Presentation

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Air Traffic Management Market projected to reach $17.6 Billion by 2025

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The Air Traffic Management Market 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%. – PowerPoint PPT presentation

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Date added: 16 September 2020
Updated: 16 September 2020
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Title: Air Traffic Management Market projected to reach $17.6 Billion by 2025


1
Air traffic management is the integrated
management of air traffic and airspace safely,
economically, and efficiently, through the
provision of facilities and seamless services in
collaboration with all parties. This operational
concept defines 7 interdependent
concept components that will be integrated to
form the future ATM system. This
comprises organization management,
airspace and aerodrome
operations, demand and capacity balancing,
traffic synchronization, conflict management,
airspace user operations, and ATM
service delivery management. The primary
functions of the air traffic management are to
enable flights from and to runways or aerodromes
into airspace, safely separated from hazards,
within capacity limits, making optimum use of all
system resources. The report analyzes the
factors that are driving and restraining the
growth of the air traffic management market as
well as the challenges faced by this market. It
also provides information on the growth
opportunities for the market. The Air Traffic
Management Market 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 recommencement of global
economic growth, an increase in number of
passenger traffic, need of airspace management
and modernization of air traffic management
infrastructure are expected to drive the growth
of the market. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id160955838 Based on airspace, the Air
Traffic Services (ATS) segment is estimated to
dominate the air traffic management market in
2020. Increasing air traffic and airspace
congestion and the need for advanced capabilities
of the existing airspace are major factors that
are expected to contribute to the growth of the
ATS segment of the market during the forecast
period. Based on the offering, the market has
been segmented into hardware and software and
solutions. Hardware is also used to provide
positioning of aircraft, send alerts weather
data, communicate via voice text, and
facilitate safe landing take-off, among
others. 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. Based
on the application, the market has been segmented
into communication, navigation, surveillance and
automation. The automation segment accounts for
the
2
largest market size during the forecast period.
The OEM segment is the fastest- growing market
during the forecast period. The automation
segment is growing substantially as airports and
air traffic controllers are investing in
simulators, and increased adoption of remote
towers is fuelling the market. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.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
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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
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