Report : South 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 5.8% CAGR, the South America Commercial Air Traffic Management Market is speculated to be worth US$ 602.93 Million by 2030, says Business Market Insights
According to Business Market Insights’ research, the South America commercial air traffic management market was valued at US$ 383.98 million in 2022 and is expected to reach US$ 602.93 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Growing aircraft delivery volumes and increasing partnerships & collaborations are the critical factors attributed to the South America commercial air traffic management market expansion.
The growing demand for air transport worldwide compels the government to invest in more reliable and accurate management systems. Various countries are investing in technologies for safe and efficient air transport. The government focuses on repairing and replacing hundreds of buildings and pieces of equipment to enhance flight operations. Thus, for the safer flights and efficient air transport, governments of various countries are investing in ATCs to create lucrative market growth opportunities.
On the contrary, longer lifespan of air traffic management systems hurdles the growth of South America commercial air traffic management market.
Based on type, the South America commercial air traffic management market is segmented into air traffic services, air traffic flow management, and airspace management. The airspace management segment held 58.5% market share in 2022, amassing US$ 224.45 million. It is projected to garner US$ 355.91 million by 2030 to expand at 5.9% CAGR during 2022–2030.
Based on component, the South America commercial air traffic management market is segmented into hardware and software. The hardware segment held 64.5% market share in 2022, amassing US$ 247.65 million. It is projected to garner US$ 381.47 million by 2030 to expand at 5.5% CAGR during 2022–2030.
Based on application, the South America commercial air traffic management market is segmented into communication, navigation, surveillance, traffic control, and others. The surveillance segment held 33.3% market share in 2022, amassing US$ 128.02 million. It is projected to garner US$ 222.71 million by 2030 to expand at 7.2% CAGR during 2022–2030.
Based on airport class, the South America commercial air traffic management market is segmented into Class I, Class II, Class III, and Class IV. The Class I segment held 73.8% market share in 2022, amassing US$ 283.38 million. It is projected to garner US$ 454.55 million by 2030 to expand at 6.1% CAGR during 2022–2030.
Based on country, the South America commercial air traffic management market is segmented into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 58.5% market share in 2022. It was assessed at US$ 224.45 million in 2022 and is likely to hit US$ 355.91 million by 2030, exhibiting a CAGR of 5.9% during the forecast period.
Key players dominating the South America commercial air traffic management market are BAE Systems Plc, Honeywell International Inc, Indra Sistemas SA, L3Harris Technologies Inc, Leonardo SpA, NEC 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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