Air Traffic Management Market

Air Traffic Management Market Outlook (2023 to 2033)

The air traffic management market is estimated to acquire USD 10,889.2 million by 2023, with a CAGR of 4.9% during the forecast period. The market is likely to reach USD 17,624.5 million by 2033.

Due to rapidly increasing modernization and the rise in airplanes, the adoption of air traffic management systems is anticipated to increase. Moreover, increasing traffic on the roads due to the increase in vehicles is likely to increase the demand for air traffic management during the forecast period.

The growth in travelers and increased international tourism have increased the demand for air traffic management systems in recent years. Moreover, the air traffic management industry share is expanding in the military & defense areas for managing and controlling the air traffic issues around the defense planes.

Report Attribute	Details
Air Traffic Management Market Value (2023)	USD 10,889.2 million
Air Traffic Management Market Anticipated Value (2033)	USD 17,624.5 million
Air Traffic Management Industry Projected Growth Rate (2023 to 2033)	4.9%

For managing and controlling the air traffic concerns around the defense planes, the air traffic management industry share is growing in the military and defense sectors.

The airports are increasingly deploying air traffic management systems to generate alerts and alarms when any other aircraft gets closer to the airplanes. These factors are estimated to increase the demand for air traffic management in recent years. However, the vendors are focusing on technological developments in the systems to expand their product portfolios. This is expected to propel the air traffic management industry size during the forecast period.

What are the Key Operator Factors in the Air Traffic Management Market?

Rising Airports

The demand for air traffic management is primarily driven by the increase in airports globally during the forecast period. In addition, there has been a constant increase in airports in developing regions such as India and China. This factor is likely to fuel the global air traffic management industry share in the coming future.

Investments

There has been an increase in the demand for smart ATM systems. Furthermore, governments have been increasingly investing in airports in the last decade. These pivotal factors are likely to support global market growth.

Remote & Virtual Towers

The deployment of remote and virtual towers has increased in the air traffic management sector. As a result, both developed and developing regions anticipate seeing an increase in the application of air traffic management.

Increased Competition

Due to increasing competition in airport traveling services, the need for efficient airspace management is further growing progressively. The airport management team is also looking to advance the technology, which provides their need for better requirements. These factors are anticipated to drive the air traffic management industry growth over the forecast period.

Safety Awareness

The air traffic management update about the plane or airplane movement, departure, and landing leads to improving the safety of the plane and the passengers. This factor is anticipated to increase the demand for air traffic management.

Along with this, the air traffic management systems are also actively contributing to maintaining the balance between the changing weather and airport activities.

Deleterious Factors that May be Holding Back the Air Traffic Management Market

The two main factors holding back the growth of the market for global air traffic management in the predicted term are higher deployment costs and a lack of awareness.

Creative Opportunities that Support the Future Growth of the Air Traffic Management Market

Airlines and airport operators are constantly investing in the modernization of the air traffic management infrastructure. They are also focusing on improving the existing ATM equipment. This considerably aids in the probable acceleration of the market size.

How is North America Amplified with Advance Technology in the Air Traffic Management Market?

The North American region dominates the air traffic management industry share, acquiring 32.4% of the share during the forecast period.

Attributes	Details
Advance Technology	The North American air traffic management manufacturers are using unique & innovative advanced technology to generate maximum revenue in the market. This increased the adoption of air traffic management in this region in recent years.
Surge in Airports	As a dominating region, North America houses several airports in various countries, another reason for the increase in the air traffic management market share.

Overview of Europe Air Traffic Management Market

The Europe region is likely to hold the second position in the air traffic management industry share by acquiring more than 23.7% of the share during the forecast period.

Europe’s air traffic management market is rapidly increasing. The transportation industry has increased the production of air traffic management in recent years. In Europe, the increase in infrastructures, education, and tourism are leading to a rise in the market during the forecast period.

Top Air Traffic Management Start-ups v/s Established Key Players.

Air traffic start-up businesses are emphasizing cutting-edge technologies with their strategies to increase the adoption of air traffic management in a simple manner. Moreover, start-up businesses are identifying several opportunities to create new products and increase the market share for air traffic management.

The leading players operating globally have consolidated the air traffic management industry. To improve their product offerings, the key vendors continually concentrate on new technology developments in air traffic management.

Companies/ Start-ups	Details
TrafficButter	TrafficButter is a Nigerian-based start-up company that helps to reduce traffic congestion. Several cities and countries face traffic jams; hence, the start-up focuses on traffic management solutions with a real-time traffic information system.
Nedap	Nedap is a Dutch-based company that provides smart parking solutions for vehicles in the city. It includes an automatic vehicle identification solution with IoT sensors which helps to monitor vacant parking spaces. They utilize RFID sensors and ANPR sensors to recognize the vehicle and pay parking fees automatically.
Thales Group	They are a French multinational company that designs, develops, and manufactures electrical systems, devices, and equipment for the aerospace, defense, transportation, and security sectors.
FREQUENTIS AG	They are an Austrian high-tech company that develops communication and information systems in air traffic management and public safety & transport.
Indra Sistemas	They are a Spanish information technology and defense systems company. They are a world leader in providing proprietary solutions in Transport, Air Traffic, and Defense markets.

Recent Developments in the Air Traffic Management

• Recently, the new 5G air-to-ground has been designed to manage air traffic seamlessly at airports. It is a wireless network that provides real-time analytics, boosting aircraft command and transferring data rapidly. Nokia Telecommunication also uses the same technology network at Brussels airport.
• FAA is adopting TBO (Trajectory Based Operations), which is more flexible, throughput, efficient and predictable. The technology controls air traffic management and helps aircraft movement.

Other Key Participants in the Air Traffic Management Market :

• Presagis
• M3 Systems
• Saab
• Croatia Control
• AvitechGmbh

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4.9% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Component, Application, Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa
Key Countries Profiled	The United States, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	FREQUENTIS AG; Thales Group; Indra Sistemas; Lockheed Martin; Harris Corporation; Presagis; M3 Systems; Saab; Croatia Control; AvitechGmbh
Customization	Available Upon Request

Key Segments

By Component:

• Software Platform
• Support Services

By Application:

• Communication & Navigation Management
• Aerodrome Operations Management
• Surveillance

By Region:

• North America
• Latin America
• Europe
• The Middle East and Africa
• Asia Pacific

Frequently Asked Questions

What is the Growth Potential of the Market?

The growth potential of the market is 4.9% through 2033.

Which Region Holds High Lucrativeness?

North America holds high lucrativeness.

What Limits the Growth Potential of the Market?

Higher deployment costs limit the market growth.

Who are the Key Players in the Air Traffic Management Market?

Presagis, M3 Systems, and Saab are the key players in the market.

What Drives Sales in the Air Traffic Management Market?

Rising road traffic spurs demand for air traffic management.