NEW
YORK, June 21, 2024 /PRNewswire/ -- The
global air traffic management and control
market size is estimated to grow by USD 3.91 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of
5.72% during the forecast period. Increasing air
traffic is driving market growth, with a trend
towards preference for inorganic strategies among vendors.
However, high costs associated with networking technologies
and connectivity hardware poses a challenge. Key market
players include Adacel Technologies Ltd., Advanced Navigation and
Positioning Corp., Aquila Air Traffic Management Services Ltd., BAE
Systems Plc, Frequentis AG, Honeywell International Inc., Indra
Sistemas SA, Intelcan Technosystems Inc., L3Harris Technologies
Inc., Leidos Holdings Inc., Leonardo Spa, NEC Corp., Northrop
Grumman Corp., QinetiQ Ltd., RTX Corp., Saab AB, SITA, SkySoftATM,
Telephonics Corp., and Thales Group.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application
(Communication, Navigation, Surveillance, and Automation), End-user
(Commercial and Military), and Geography (North America, APAC,
Europe, Middle East and Africa, and South America)
|
Region
Covered
|
North America, APAC,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Adacel Technologies
Ltd., Advanced Navigation and Positioning Corp., Aquila Air Traffic
Management Services Ltd., BAE Systems Plc, Frequentis AG, Honeywell
International Inc., Indra Sistemas SA, Intelcan Technosystems Inc.,
L3Harris Technologies Inc., Leidos Holdings Inc., Leonardo Spa, NEC
Corp., Northrop Grumman Corp., QinetiQ Ltd., RTX Corp., Saab AB,
SITA, SkySoftATM, Telephonics Corp., and Thales Group
|
Key Market Trends Fueling Growth
The global air traffic management and control market faces
challenges due to strict regulations, making it hard for new
vendors to enter. To grow, companies are adopting inorganic
strategies like acquisitions and collaborations. For instance,
Indra acquired Selex ES Inc.'s Air Traffic Management business in
2022. These strategies help expand market reach and share technical
expertise, leading to faster product development. The demand for
advanced air traffic management and the global air traffic growth
will drive such strategies.
The Air Traffic Management and Control market is experiencing
significant growth due to increasing air traffic and the need for
efficient and safe air travel. Technologies like Contrails,
Kongsberg Defence & Aerospace, and SpaceX are playing crucial
roles in this industry. Traffic management systems are being
improved with advanced technologies such as artificial intelligence
and real-time data processing. The use of cloud computing and
passive surveillance systems is also increasing. The global market
for Air Traffic Management and Control is expected to continue
growing in the coming years, driven by the need for more efficient
and secure air travel solutions. The industry is also focusing on
reducing delays and improving safety through the use of advanced
technologies and systems.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global air traffic management and control market faces
challenges from substantial investments, regulatory requirements,
and high installation costs. Advanced digital content demand and
maintenance expenses add to the market's complexity. Upgrading
existing systems involves significant operational costs, long
installation times, and certification needs. Consistency across
aircraft fleets increases technological complexities, necessitating
high returns on investments. These factors negatively impact market
growth during the forecast period.
- The Air Traffic Management and Control market faces several
challenges. Congested airspace requires effective traffic
management and control systems. The need for real-time information
and communication is crucial. Technological advancements like
automation and digitalization are essential to enhance efficiency
and safety. However, implementing these technologies can be costly
and complex. Security is another major concern, with the need for
robust systems to prevent unauthorized access and ensure data
privacy. Additionally, adapting to changing regulations and keeping
up with technological innovations can be challenging. Overall, the
Air Traffic Management and Control market requires continuous
investment and innovation to address these challenges and ensure
safe and efficient air travel.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This air traffic management and control market report
extensively covers market segmentation by
- Application
- 1.1 Communication
- 1.2 Navigation
- 1.3 Surveillance
- 1.4 Automation
- End-user
- 2.1 Commercial
- 2.2 Military
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Communication- Air traffic management and
control is a crucial aspect of aviation safety and efficiency. This
market involves the use of advanced technologies and communication
systems to manage and direct the movement of aircraft in the sky.
Key components include air traffic control towers, radar systems,
and digital communication networks. The market continues to grow,
driven by increasing air travel demand and technological
advancements. Effective air traffic management enhances safety,
reduces delays, and optimizes airspace utilization.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Air Traffic Management and Control Market encompasses
integrated dynamic management systems for airport terminals and
associated airspace. These solutions provide essential air traffic
services, including alerting and flight information, to
ground-based controllers. Collision prevention is a critical aspect
of air safety, ensuring the secure handling of civilian transport
aircraft and cargo capacities. Airspace management is crucial in
addressing flight delays caused by bad weather conditions or
landing aircraft. Emerging nations with increasing consumer
disposable income are investing in airport construction and
expanding passenger handling capacities. However, cyber threats
pose a significant challenge to air traffic solutions,
necessitating robust traffic management infrastructure. Vertical
take-off and hybrid aircraft are the future of aviation, further
complicating air traffic management requirements.
Market Research Overview
The Air Traffic Management and Control Market encompasses
innovative technologies and solutions designed to manage and
control the movement of air traffic efficiently and safely. This
market focuses on optimizing airspace capacity, reducing delays,
enhancing safety, and improving communication and navigation
services. Advanced technologies such as Automatic Dependent
Surveillance-Broadcast (ADS-B), Performance-Based Navigation (PBN),
and Free Flight are driving the growth of this market. Ground-based
systems, including Area Navigation (RNAV) and Precision Approach
Path Indicators (PAPIs), play a crucial role in ensuring safe and
efficient air traffic management. Additionally, the integration of
real-time data and predictive analytics is revolutionizing the
industry, enabling proactive decision-making and improving overall
operational efficiency.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Communication
- Navigation
- Surveillance
- Automation
- End-user
-
- Geography
-
- North America
- APAC
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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