The increasing number of aircraft deliveries is raising the demand for various types of aircraft operations, ultimately generating new opportunities for the commercial air traffic management market vendors across different regions. The rising need for aircraft communication, navigation, pilot interfaces, flight plan negotiation, and other types of flight operations catalyze the global aircraft deliveries. Thus, the growing volume of worldwide aircraft deliveries is likely to augment the commercial air traffic management market growth. The introduction of next-generation fuel-efficient commercial aircraft models and low-cost airlines are driving aircraft movement volumes in airports worldwide. This is urging the civil aviation authorities across developed and developing countries to develop new airports for supporting the rising aircraft fleet. The rising construction of new airports across different countries is also fueling the demand for commercial air traffic management. These factors elevate the fleet of aircraft models in the country and also assist the installation of air traffic management systems across the new airports. Such developments are expected to surge the Europe commercial air traffic management market growth.
Europe Commercial Air Traffic Management Market Overview
The Europe commercial air traffic management market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The presence of major air traffic management system vendors, including BAE Systems Plc, Indra Sistemas, Saab AB, Leonardo SpA, and HENSOLDT AG, is driving the commercial air traffic management market across Europe. Moreover, the rising commercial aircraft deliveries across the region is another major factor expected to generate new opportunities for Europe commercial air traffic management market vendors during the forecast period.
Europe Commercial air traffic management Market Segmentation
The Europe commercial air traffic management market is segmented into type, component, application, airport class, and country.
Based on type, the Europe commercial air traffic management market is segmented into air traffic services, air traffic flow management, and airspace management. The airspace management segment accounted for the largest share in the market in 2022.
Based on component, the Europe commercial air traffic management market is segmented into hardware and software. The hardware segment accounted for the larger share in the market in 2022.
Based on application, the Europe commercial air traffic management market is segmented into communication, navigation, surveillance, traffic control, and others. The surveillance segment accounted for the largest share in the market in 2022.
Based on airport class, the Europe commercial air traffic management market is segmented into Class I, Class II, Class III, and Class IV. The Class I segment accounted for the largest share in the market in 2022.
Based on country, the Europe commercial air traffic management market is segmented into France, Germany, Italy, UK, Russia, and the Rest of Europe. Russia dominated the market share in 2022.
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, Nita LLC, JSC VNIIRA, Azimut JSC are the leading companies operating in the Europe commercial air traffic management market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,442.97 Million |
| Market Size by 2030 | US$ 2,734.54 Million |
| CAGR (2022 - 2030) | 8.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Commercial Air Traffic Management Market is valued at US$ 1,442.97 Million in 2022, it is projected to reach US$ 2,734.54 Million by 2030.
As per our report Europe Commercial Air Traffic Management Market, the market size is valued at US$ 1,442.97 Million in 2022, projecting it to reach US$ 2,734.54 Million by 2030. This translates to a CAGR of approximately 8.3% during the forecast period.
The Europe Commercial Air Traffic Management Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Commercial Air Traffic Management Market report:
The Europe Commercial Air Traffic Management Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Commercial Air Traffic Management Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Commercial Air Traffic Management Market value chain can benefit from the information contained in a comprehensive market report.
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