Air Traffic Management Market Overview and Future Trends

1
Air Traffic Management Market worth 11.8 billion
by 2027 at a CAGR of 8.1 The report on the Air
Traffic Management Market provides a detailed
trend analysis from 2018 to 2027. It discusses
industry and technology trends currently
prevailing in the market, along with drivers,
restraints, challenges, and opportunities that
influence the growth of the market. MarketsandMar
kets The Air Traffic Management Market is
estimated to be USD 8.0 billion in 2022 and is
projected to reach USD 11.8 billion by 2027, at
a CAGR of 8.1 from 2022 to 2027. The market is
driven by factors such as rise in global focus
on improving air safety, Launch of SESAR 3 joint
undertaking European
to modernize air traffic
management, etc. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id160955838 Based on platform, Air Traffic
Services segment projected to lead the market
during the forecast period Based on airspace, the
Air Traffic Services (ATS) segment is estimated
to dominate the air traffic management market in
2022 with a share of 55.6. This segment is
estimated at USD 4.4 billion in 2022 and is
expected to reach USD 6.4 billion by 2027, at a
CAGR of 7.8 during the forecast period. Based on
end use, Commercial segment is estimated to
dominate the market during the forecast
period The market is estimated to be dominated by
the commercial segment, with a share of 85.4 in
2020. This segment is estimated to be valued at
USD 7.7 billion in 2022 and is projected to grow
at a CAGR of 8.3 during the forecast period, to
reach USD 11.4 billion by 2027. Based on
component, Hardware segment to have highest
market share in 2022 Based on application, the
market is estimated to be dominated by the
hardware segment, with a market share of 74.6
in 2022. This segment is estimated to be valued
at USD 5.9 billion in 2022 and is projected to
grow at a CAGR of 7.5 during the forecast
period, to reach USD 8.5 billion by 2027.
2
Asia Pacific is projected to grow at a highest
CAGR of 9.9 during the forecast period. Asia
Pacific is estimated to account for a share of
33.1 of the Air Traffic Management Market in
2022. In the Asia Pacific region, China, India,
South Korea, Australia, and New Zealand are
considered for the market study. Philippines,
Japan, Vietnam, and Indonesia are considered in
the Rest of Asia Pacific. The aviation industry
is growing at a significant pace in the Asia
Pacific region, mainly driven by increasing air
passenger traffic. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id160955838
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