Growing Aircraft Delivery Volumes is Driving the North America Commercial Air Traffic Management Market
The aircraft manufacturing industry has been witnessing constant pressure from the commercial aviation sector to deliver the required volumes of aircraft fleet of various models. Commercial airlines experienced a significant rise in the annual air passenger volume till early 2020. The growing demand for aircraft fleets among the commercial airlines is due to the surging number of low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). The aircraft manufacturers, such as Airbus and Boeing, are receiving increasing order volumes and adding substantial fleets due to the growing number of LCCs. Currently, the demand for wide-body and narrow-body aircraft fleets is high. However, the inclination toward long-range, narrow body type is increasing as the majority of commercial aviation companies are focusing on enlarging fleet size and lowering operational costs. Such developments are expected to surge the North America commercial air traffic management market growth.
North America Commercial Air Traffic Management Market Overview
The North America commercial air traffic management market is segmented into the US, Canada, and Mexico. North America has the largest commercial aircraft fleet worldwide, with thousands of daily flights across different airports. This requires continuous monitoring and air traffic management systems for better traffic management and efficient airport operations. North America airport infrastructure is among the oldest infrastructures. Due to this, the demand for replacement and periodic upgrades of air traffic management systems is often raised. Also, the demand for upgrading the existing air traffic management systems across the country is driven by its continuously rising air passenger traffic and commercial aircraft operations across different airports in the countries such as the US and Canada.
North America Commercial air traffic management Market Segmentation
The North America commercial air traffic management market is segmented into type, component, application, airport class, and country.
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 accounted for the largest share in the market in 2022.
Based on component, the North America 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 North America 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 North America 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 North America commercial air traffic management market is segmented into the US, Canada, and Mexico. The US 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 are the leading companies operating in the North America commercial air traffic management market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2,127.89 Million |
| Market Size by 2030 | US$ 3,717.70 Million |
| CAGR (2022 - 2030) | 7.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Commercial Air Traffic Management Market is valued at US$ 2,127.89 Million in 2022, it is projected to reach US$ 3,717.70 Million by 2030.
As per our report North America Commercial Air Traffic Management Market, the market size is valued at US$ 2,127.89 Million in 2022, projecting it to reach US$ 3,717.70 Million by 2030. This translates to a CAGR of approximately 7.2% during the forecast period.
The North America 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 North America Commercial Air Traffic Management Market report:
The North America 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 North America Commercial Air Traffic Management Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Commercial Air Traffic Management Market value chain can benefit from the information contained in a comprehensive market report.
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