Air management

Air traffic management market worth US$11.8 billion by 2027, at a CAGR of 8.1%

“Air Traffic Management Market”

Air Traffic Management Market Size is Expected to Reach 11.8 Billion by 2027 Growing at a CAGR of 8.1%

According to a research report air traffic management market by Application (Communication, Navigation, Surveillance, Automation), End Use (Commercial, Military), Airspace, Investment Type, Supply, Service, Airport Size and Region – Global Forecast to 2027″ published by MarketsandMarkets, the air traffic management market is expected to grow from USD 8.0 billion in 2022 to USD 11.8 billion by 2027 at a CAGR of 8.1%.

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Browse 294 market data tables and 55 figures spread over 288 pages and a detailed table of contents at “Air Traffic Management Market Size & Region – Global Forecast to 2027” View Detailed TOC Herehttps://www.marketsandmarkets.com/Market-Reports/air-traffic-management-market-160955838.html

air traffic management market

According to Doc 9854 AN, 458 Global Air Traffic Management Operational Concept of the International Civil Aviation Organization (ICAO), air traffic management is the integrated management of air traffic and airspace in a safe, economical and efficient manner through to the provision of ongoing facilities and services in conjunction with all parties. This operational concept defines seven interrelated components that will be integrated to form the future ATM system. This includes airspace organization and management, aerodrome operations, demand and capacity balancing, traffic synchronization, conflict management, airspace user operations and management of ATM service delivery.

The main functions of air traffic management are to enable flights to and from runways or aerodromes in airspace, safely separated from hazards, within capacity, making optimum use of all the resources of the system.

Based on application, Communication segment is estimated to be the largest growing market

Modern aircraft are equipped with several communication technologies to enable real-time communication between pilots and ground control operators to ensure an orderly flow of air traffic and maintenance trends. Previously, voice communication systems were mainly used to manage air traffic. However, conventional voice communication systems cannot operate effectively in congested airspace, which has propelled the need to develop advanced communication technologies for air traffic control.

The 4 main communication channels used in air traffic management systems are controller-pilot data link communications (CPDLC), very high frequency (VHF) communications, automatic terminal information systems (ATIS) and voice communication control systems (VCCS). With the introduction of data link communications, air traffic controllers prefer to use VHF and HF voice communication channels. The wide use of all these systems is contributing to the growth of the air traffic management market

On the basis of supply, the software and solutions segment is the fastest growing

Software is an essential component of ATM as it is responsible for processing all data and information collected and exchanged between the various hardware described above. It also helps in automating some of the ATM procedures.

Computers equipped with software solutions are required in various components of ATM. These are the components of the database management systems, radar data compression unit, incident management, data link server, recording and communications management, platforms and combinations, capacity and demand balance manager and network solutions. Increased use of database management systems for automation, upgrade of primary and secondary surveillance radars are some of the factors responsible for the growth of the air traffic management market.

Asia-Pacific is set to become the largest air traffic management market

Due to continued economic growth and a growing population with a propensity for air travel, the market in the region is growing alongside the growing demand for ATM systems. For example, only 16% of Chinese airports have implemented Airport Collaborative Decision Making (A-CDM) systems, and 68% expect to do so within the next three years.

In addition, to keep pace with the US NextGen project and European SESAR, a process is currently underway to integrate air transport and ATM systems through a Seamless Asian Sky initiative. Various Asian governments have supported the initiative, with some key countries actively involved in developing the roadmap.

Thales Group (France), Raytheon Technologies Corporation (US), L3Harris Technologies, Inc. (US), Indra Sistemas, SA (Spain) and Saab AB (Sweden) are the major players in the global risk management market. air traffic.

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