Air Traffic Management Market by Type (Air Traffic Services, Air Traffic Flow Management, and Airspace Management), Component [Hardware (Radar, Antennas, Display Systems, and Others) and Software], Application (Communication, Navigation, Surveillance, Traffic Control, and Others), Airport Class (Class I, Class II, Class III, and Class IV), Airport Type (Commercial and Military): Global Market Size Estimates and Forecast (2019–2030)

Code: BMIRE00025791 | Pages: 100 | Industry: Aerospace and Defense | Date: Sep 2022 | Type: Global

The air traffic management market was valued to be US$ 12.34 billion in 2021 and is expected to hit US$ 27.26 billion by 2030, recording a CAGR of 9.5% during the forecast period.

The Rising Air Passenger Traffic Catalyzing the Adoption of Air Traffic Management Technologies.

The constantly rising air passenger traffic is leading to the rise in commercial operational aircraft fleet that includes upgraded aircraft and new aircraft fleet that are being delivered to different airlines That is leading to increase in airport traffic handling operations. The airport traffic management departments constantly keep upgrading their systems with advanced and upgraded software to retain their operational efficiency during the airport traffic management operations. Moreover, the increasing air cargo operations across different airports are another major factor generating new demand for software and hardware upgrades for air traffic management operations.

The commercial segment is expected to pace up the adoption of air traffic management worldwide. The rising fleet of commercial aircraft owing to the increasing commercial aircraft deliveries is one of the major factors propelling the growth of air traffic management for commercial airport segment. For instance, the continuous demand for aircraft fleet across airlines is majorly due to the massive rise in passenger volume. Also, there are several new airport projects that are ongoing and some are expected to be commissioned during the forecast period. This is expected to generate new demand for installation of radars, sensors, display systems, etc. across the airport’s traffic management buildings which is expected to drive the demand for air traffic management systems for commercial segment.

Within the report, the market is segmented into type, component, application, airport class, airport type, and geography. By type, the market is further segmented into air traffic services, air traffic flow management, and airspace management. On the basis of component, the market is bifurcated into hardware and software. The hardware segment is further segmented into radar, antennas, display systems, and others. By application, the market is segmented into communication, navigation, surveillance, traffic control, and others. Based on airport class, the market is categorized into class I, class II, class III, and class IV. Based on airport type, the market is further segmented into commercial and military. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Development of New Airports is Further Augmenting New Opportunities for Market Vendors.

The development of new airports across different countries is one of the major factors that is likely to generate huge opportunities for market vendors during the forecast period. Several countries are taking initiatives to build large number of new airports to cater the rising passenger traffic and increasing number of aircraft fleet worldwide. For instance, in March 2020, the Indian government announced their plans to construct 220 new airports by 2025. Similarly, in February 2021, China also released its plans to have 400 civil airports by the end of 2030. For instance, in 2022, the San Diego International Airport announced that it is planning a major airport upgrade wherein a new terminal with 19 gates will be constructed and the old terminal will then be demolished at the airport in California, US. This will also include the installation of new air traffic management systems across the terminals that includes arrival/departure related hardware systems, airport gate assigning systems, etc.   Such developments are likely to generate huge opportunities for air traffic management companies during the forecast period.

The Growing Procurement of Military Aircraft And Unmanned Aerial Vehicles (UAVs) is Another of the Major Factors Accelerating the Air Traffic Management Market Growth.

With the rising military spending on the procurement of military aircraft & helicopters, the demand for air traffic management solutions across military air bases is expected to rise during the forecast period. Several countries are constructing new airbases along with procurement of military aircraft in large volumes. This is further generating the demand for new installation of air traffic management solutions globally.

Moreover, the rising deployment of UAVs is another major factor that is likely to generate huge opportunities for market vendors during the next few decades. This is further expected to augment the unmanned air traffic management market growth. The rising fleet of UAVs across various applications such as surveillance, weather services, inspection, and monitoring applications, etc. across different airports is generating new demand for dedicated unmanned air traffic control centers that will be responsible for managing all types of unmanned operations traffic. For instance, NASA is currently working on the development of unmanned aircraft traffic management systems which is different from the traffic management systems being used by FAA to control the commercial airplanes. This will further catalyze the demand for unmanned air traffic management systems during the next decade period.

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Recent Strategic Developments in Air Traffic Management Market

The air traffic management market has undergone several significant developments in the recent years, and a few of these have been mentioned below:

  • In March 2022, Bharat Electronics Limited (BEL) and Airport Authority of India (AAI) announced a strategic partnership for the development of Civil Air Traffic Management System (ATMS). This system will be integrated with Advanced-Surface Movement Guidance and Control System (ASMGCS) which is a type of ground surveillance system that manages air traffic at airports for safer operation of flights.
  • In March 2022, the Dubai Aviation Engineering Projects (DAEP) had awarded a contract to Thales Group for the supply of an advanced air traffic management system called TopSky.
  • In March 2019, the Civil Aviation Authority of Singapore (CAAS) and Thales had signed an agreement for the development of an open air traffic management system architecture for the future operations.

The air traffic management market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Thales Group, BAE Systems, Indra Systemas, Raytheon Technologies Corporation, L3Harris Technologies Inc., Lockheed Martin Corporation, Honeywell International Inc., SaaB AB, NEC Corporation, and SITA Aero are among the prominent players operating in the air traffic management market.

Target audience for the report:

  • Component providers
  • Air traffic management hardware manufacturers and component suppliers
  • Air traffic management software developers and integrators
  • Air traffic management service providers
  • Military-related associations, organizations, forums, and alliances
  • Commercial aviation-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Electronic component suppliers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Air Traffic Services
    • Air Traffic Flow Management
    • Airspace Management
  • Component
    • Hardware
      • Radar
      • Antennas
      • Display Systems
      • Others
    • Software
  • Application:
    • Communication
    • Navigation
    • Surveillance
    • Traffic Control
    • Others
  • Airport Class:
    • Class I
    • Class II
    • Class III
    • Class IV
  • Airport Type:
    • Commercial
    • Military
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa
    • South America
  • Companies Profiled
    • Thales Group
    • BAE Systems
    • Indra Systemas
    • Raytheon Technologies Corporation
    • L3Harris Technologies Inc.
    • Lockheed Martin Corporation
    • Honeywell International Inc.
    • SaaB AB
    • NEC Corporation
    • SITA Aero
  • Thales Group
  • BAE Systems
  • Indra Systemas
  • Raytheon Technologies Corporation
  • L3Harris Technologies Inc.
  • Lockheed Martin Corporation
  • Honeywell International Inc.
  • SaaB AB
  • NEC Corporation
  • SITA Aero
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