Air Traffic Management Market value $17.6 billion by 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, number Pacific
increase of airports Region,
in the in Asia and
modernization of air traffic
management drive the growth of
infrastructure
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. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.
asp?id160955838 COVID-19 impact on the Air
Traffic Management Market The COVID-19 outbreak
has impacted the aviation industry adversely due
to air travel restrictions on domestic as well
as international flights across countries,
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.
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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. Key
Market Players Major players operating in the air
traffic management market include Thales Group
(France), Raytheon Technologies (US), Indra
Sistemas S.A. (Spain), and L3Harris
Technologies, Inc (US) are some of the key
manufacturers and suppliers of the ATM
market. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id160955838
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