Air Traffic Management Market to 2027 | Segments, Trends and Regional Analysis

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Air Traffic Management Market to 2027 - Analysis
by Driving Factors with Leading Players

• Growing tourism across the world has increased
  transportation through airplanes. With increasing
  tourist destinations, the number of flight routes
  are soaring. Surging flight traffic has increased
  the probability of causing airplane accidents.
  This demands the implementation of a
  sophisticated air traffic management system for
  averting such incidents. According to a recent
  research report by Global Market Insights Inc.,
  the air traffic management market size is
  projected to cross USD 10 billion by 2027.
• Technological advancements have reduced the
  congestion of airplane traffic whilst promoting a
  superior traveling experience. For instance,
  Acubed has developed an air traffic management
  technology named Airbus UTM and it has advanced
  simulation tools that manage air traffic without
  any human intervention. They also offer low
  altitude notification and authorization via a
  company named DroneDeploy.

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• To add to this point, many players have
  collaborated with airport authorities for
  installing advanced traffic management systems.
  Citing an instance, NATS, in January 2019,
  installed a digital control tower powered by
  Artificial Intelligence (AI) at Heathrow Airport,
  London. In this case, AI was used to analyze if
  it can assist in reducing the number of flight
  delays experienced at the airport. Such
  developments will propel the usage of air traffic
  management systems.

• Along with flight delays, surveillance is another
  aspect when it comes to air traffic management.
  With increasing flight routes, a strong
  surveillance system is required to manage this
  air traffic without causing any security
  concerns. This is the reason airport authorities
  are integrating advanced surveillance systems.
  For instance, the Airport Authority of India
  (AAI), in July 2019, collaborated with Aireon LLC
  for installing air traffic surveillance systems
  across the oceanic airspaces of Chennai, Kolkata
  and Mumbai, covering an area of around six
  million sq. kms. Such collaborations will prove
  beneficial in the proliferation of the air
  traffic management market.

• Many industry players are emphasizing on
  establishing partnerships and collaborations for
  improving their market position and expanding
  their businesses. For instance, Honeywell
  partnered with the AAI in June 2018 for upgrading
  its air traffic system with voice recognition
  software across the country. These ventures are
  major contributors to the growth of the air
  traffic management market.

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• Regional Analysis

• The number of airports constructed in countries
  like Saudi Arabia, UAE, Tanzania and Rwanda are
  aiding the augmentation of the air traffic
  management market in the Middle East and Africa
  region. In addition, governments are focusing on
  upgrading airport facilities for giving
  passengers a hassle-free traveling experience.
  For instance, the government of Dubai declared to
  invest around USD 3 billion in November 2016 for
  bolstering the expansion of two major airports of
  the nation. These airports are predicted to be
  completed by the end of 2025 and they will then
  be able to serve over 146 million passengers
  annually.

• Competitive Analysis

• Some of the other key market players include BAE
  Systems, Leonard S.p.A, Honeywell International
  Inc., Northrop Grumman Corp., L3Harris Corp.,
  Thales Group and Lockheed Martin Corp.

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