Rising Passenger Traffic boosts Global Air Traffic Management Market Prospects

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Rising Passenger Traffic boosts Global Air
Traffic Management Market Prospects
As per Inkwood Research, the Global Air Traffic
Management Market is estimated to rise with a
CAGR of 5.57 in terms of revenue during the
forecasting period of 2023-2032. "Browse 54
Market Data Tables and 82 Figures spread over 220
Pages, along with an in-depth TOC on the Global
Air Traffic Management Market Forecast 2023-2032."
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e-of-contents
Air traffic management is used to ensure the safe
and disciplined flow of air traffic without
errors. The primary objective of the system is to
minimize the congestion problem at the airports
and control the flow of traffic day in and day
out.
GLOBAL AIR TRAFFIC MANAGEMENT INKWOOD MARKET
2023-2032 E s A R c H
North America '" Europe
Air Traffic Control 01

Air Traffic Flow Management

Aeronautical Information Management 03
"Ranking is based on Revenue 2022
.0 Asia-Pacific
0 Rest of World
Ranking is based on Revenue 2022
01. Medium Airport Size 02. large Airport
Size 03. Small Airport Size
MARKET BY AIRPORT SIZE
TOP COMPANIES THALES CROUP RAYTHEON
TECHNOLOGIES LOCKHEED MARTIN NORTHROP GRUMMAN
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Growing Passenger Traffic boosts Growth
Opportunities
Air travel is a time-saving and efficient mode of
transportation. Accordingly, air traffic is on
the rise, necessitating the effective use of air
traffic management to ensure secure and safe air
travel. Also, airlines are expanding their fleet
to accommodate more passengers. They are buying
more aircraft and adding more routes. Similarly,
airspace congestion highlights the need for air
traffic management. Further, the growing
passenger traffic has led to the construction of
new airports and the expansion of the existing
ones, which has further raised the need for new
air traffic management (ATM) infrastructure and
increasing the capacity of the existing ATM
systems. Besides, almost every country globally
is engaged in airport construction or expansion
activities encompassing significant investments.
In this regard, Europe and Asia-Pacific witnessed
increased funding. Such factors drive the global
air traffic management market growth.
Air Traffic Flow Management is the
Fastest-Growing Domain Air traffic flow
management (ATFM) was established to contribute
to a safe, expeditious, and orderly flow of air
traffic. It has existed as a subset of air
traffic management (ATM). It is gaining relevance
for tactical approaches needed for
capacity-reducing and off-nominal instances and
long-term demand balancing. Besides, the demand
for pre-tactical and tactical ATFM procedures is
emerging, with optimal operation conditions
becoming increasingly rare.
Asia-Pacific is the Largest Revenue-Generating
Region The rapidly-growing passenger traffic in
Asia-Pacific is attracting investments alongside
the airports increasing their passenger and
flight handling capacities. Besides, the airlines
in the region are expanding their fleet size to
cater to more passengers. Additionally, the
rising emphasis on modernizing the old ATM
infrastructure offers growth opportunities. Market
rivalry is characterized by intense competition
with vendors competing on factors like
reliability and technological innovations while
minimizing costs. Some of the eminent companies
in the market include Indra Sistemas SA, L3Harris
Technologies, Leonardo SpA, Honeywell, etc.
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About Inkwood Research Inkwood Research
specializes in syndicated customized research
reports and consulting services. Market
intelligence studies with relevant fact-based
research are customized across industry verticals
such as technology, automotive, chemicals,
materials, healthcare, and energy, with an
objective comprehension that acknowledges the
business environments. Our geographical analysis
comprises North South America, CEE, CIS, the
Middle East, Europe, Asia, and Africa.
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