Air Traffic Management Market Growth During Forecast Period

1
Air Traffic Management Market Size Growth
During Forecast Period.
2
Key Insights from Air Traffic Management Market

• Air Traffic Management Market size is poised to
  retain substantial gains over the forecast
  timeframe on account of requirement for safe,
  reliable, efficient, and integrated movement of
  air traffic. Increasing airplane movements owing
  to rising air passenger traffic along with
  expanded network of air routes are expanding the
  industry share. The increasing number of airborne
  flights owing to significant increase in the
  low-cost carriers are positively influencing the
  market growth.
• Industry players are continuously investing in
  RD for developing advanced and efficient
  communication technologies for improving their
  market share. For instance, in February 2019, the
  U.S. Air Force awarded USD 59 million contract to
  Northrop Grumman for carrying out the engineering
  manufacturing development (EMD) of embedded GPS
  and inertial navigation systems.

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Continued

• Researchers along with government organizations
  are carrying out multiple research projects for
  accelerating the development of air traffic
  management systems. For instance, the Single
  European Sky ATM Research (SESAR) project is
  aimed at developing reliable, affordable, and
  efficient air traffic management systems, that
  enables for superior trajectory-based operations
  using System Wide Information Management (SWIM)
  technologies.
• This contributes towards improving the
  communication efficiency and precision, thereby
  expanding the industry size over the study
  timeframe.

4

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Market research reports Key analytical
components

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Major Companies Air Traffic Management Market

• ADACEL
• Harris Corporation
• Inmarsat Aviation
• Frequentis
• Indra Sistemas

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Regional Insights Air Traffic Management Market

Europe will account for a significant share in
the air traffic management market. This can be
credited to the proliferation of low-cost
carriers across the region. The region also
witnesses significant growth in air passenger
travel on account of improving sector along with
improving disposable income. Additionally, the
aviation governing bodies are continuously
engaged in forming new policies and enacting
certain recommendation for ensuring smoother
airlines operations, thereby expanding the
regional share. The growth in the North America
air traffic management market can be attributed
to the increasing investments by government
agencies in the defense and military sector.
Additionally, the defense operations require
precise and efficient air traffic management for
carrying out specialized missions. For instance,
the U.S. Defense budget for 2019 amounted to
around USD 690 billion.
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