Report : North America 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 7.2% CAGR, the North America Commercial Air Traffic Management Market is speculated to be worth US$ 3,717.70 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the North America commercial air traffic management market was valued at US$ 2,127.89 million in 2022 and is expected to reach US$ 3,717.70 million by 2030, registering a CAGR of 7.2% from 2022 to 2030. Growing aircraft delivery volumes and continuous product innovations and launches are the critical factors attributed to the North America commercial air traffic management market expansion.
The aviation industry is transforming in terms of new and innovative products. The stakeholders across industry verticals are continuously investing in R&D to innovate and develop robust solutions to simplify the industrial operations. The growing demand for air traffic management systems compelled the market players to invest in the development of new and innovative products in recent years. A few of the major product developments are mentioned below:
• In June 2022, Thales SA announced the launch of HELIXVIEW, a C3-compliant scanner that combines X-ray nanotechnology-based electronic scanning and 3D imaging reconstruction, to provide higher security to airports and seamless travel facilities to passengers.
• In September 2021, Federal Aviation Administration (FAA) and NASA announced finishing the testing of air traffic management software designed to calculate gate pushbacks to allow aircraft to roll directly on runway and take off.
Such advancements in air traffic management systems and software, supported by high investments from global manufacturers to develop innovative products as per the customer requirements, are speculated to drive the growth of the North America commercial air traffic management market.
On the contrary, longer lifespan of air traffic management systems hurdles the growth of North America commercial air traffic management market.
Based on type, the North America commercial air traffic management market is segmented into air traffic services, air traffic flow management, and airspace management. The airspace management segment held 43.8% market share in 2022, amassing US$ 932.67 million. It is projected to garner US$ 1488.64 million by 2030 to expand at 6.0% CAGR during 2022–2030.
Based on component, the North America commercial air traffic management market is segmented into hardware and software. The hardware segment held 62.9% market share in 2022, amassing US$ 1,338.32 million. It is projected to garner US$ 2,283.21 million by 2030 to expand at 6.9% CAGR during 2022–2030.
Based on application, the North America commercial air traffic management market is segmented into communication, navigation, surveillance, traffic control, and others. The surveillance segment held 40.1% market share in 2022, amassing US$ 854.11 million. It is projected to garner US$ 1,648.84 million by 2030 to expand at 8.6% CAGR during 2022–2030.
Based on airport class, the North America commercial air traffic management market is segmented into Class I, Class II, Class III, and Class IV. The Class I segment held 75.5% market share in 2022, amassing US$ 1,605.53 million. It is projected to garner US$ 2,876.47 million by 2030 to expand at 7.6% CAGR during 2022–2030.
Based on country, the North America commercial air traffic management market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 63.4% market share in 2022. It was assessed at US$ 1,348.57 million in 2022 and is likely to hit US$ 2,457.77 million by 2030, exhibiting a CAGR of 7.8% during the forecast period.
Key players dominating the North America 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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