Report : Middle East & Africa Commercial Air Traffic Management Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Type (Air Traffic Services, Air Traffic Flow Management, and Airspace Management), Component (Hardware and Software), Application (Communication, Navigation, Surveillance, Traffic Control, and Others), and Airport Class (Class I, Class II, Class III, and Class IV)
At 6.4% CAGR, the Middle East & Africa Commercial Air Traffic Management Market is speculated to be worth US$ 898.27 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa commercial air traffic management market was valued at US$ 547.82 million in 2022 and is expected to reach US$ 898.27 million by 2030, registering a CAGR of 6.4% from 2022 to 2030. Growing aircraft delivery volumes and increasing partnerships & collaborations are the critical factors attributed to the Middle East & Africa commercial air traffic management market expansion.
The growing air passenger traffic worldwide is catalyzing the procurement of commercial aircraft fleets. To cater to the increasing passenger traffic and rising aircraft fleet, several countries with huge air passenger traffic have planned to construct new airports across their respective countries. Thus, the construction of new airports and the expansion of existing ones are likely to generate new opportunities for air traffic management market vendors.
On the contrary, longer lifespan of air traffic management systems hurdles the growth of Middle East & Africa commercial air traffic management market.
Based on type, the Middle East & Africa commercial air traffic management market is segmented into air traffic services, air traffic flow management, and airspace management. The airspace management segment held 45.7% market share in 2022, amassing US$ 250.39 million. It is projected to garner US$ 401.69 million by 2030 to expand at 6.1% CAGR during 2022–2030.
Based on component, the Middle East & Africa commercial air traffic management market is segmented into hardware and software. The hardware segment held 65.6% market share in 2022, amassing US$ 359.15 million. It is projected to garner US$ 571.25 million by 2030 to expand at 6.0% CAGR during 2022–2030.
Based on application, the Middle East & Africa commercial air traffic management market is segmented into communication, navigation, surveillance, traffic control, and others. The surveillance segment held 33.5% market share in 2022, amassing US$ 183.56 million. It is projected to garner US$ 327.15 million by 2030 to expand at 7.5% CAGR during 2022–2030.
Based on airport class, the Middle East & Africa commercial air traffic management market is segmented into Class I, Class II, Class III, and Class IV. The Class I segment held 67.3% market share in 2022, amassing US$ 368.71 million. It is projected to garner US$ 626.09 million by 2030 to expand at 6.8% CAGR during 2022–2030.
Based on country, the Middle East & Africa commercial air traffic management market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 39.0% market share in 2022. It was assessed at US$ 213.64 million in 2022 and is likely to hit US$ 380.15 million by 2030, exhibiting a CAGR of 7.5% during the forecast period.
Key players dominating the Middle East & Africa commercial air traffic management market are BAE Systems Plc, Honeywell International Inc, Indra Sistemas SA, L3Harris Technologies Inc, Leonardo SpA, NEC Corp, Raytheon Technologies Corp, Saab AB, SITA SC, and Thales SA, among others.
- In 2021, Thales announced the launch of a new digital secondary surveillance radar named RSM NG for air traffic management (ATM). This new radar can track around 2,000 flights and disseminate 64 simultaneous data outputs to different air traffic control centers.
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