Latest News:- Air Traffic Management And Control Market: Communication is expected to lead the Application segment during 2024-2028

Air Traffic Management And Control Market to grow at a CAGR of 5.72% during 2024-2028

The Air Traffic Management And Control Market is expected to grow at a CAGR of 5.72% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3913.3 million. In the global air traffic management and control market, stringent regulatory norms pose significant challenges for new entrants. Given the industry's dynamic nature and the importance of keeping pace with evolving demand and supply conditions, established vendors are increasingly adopting inorganic growth strategies. Acquisitions and collaborations are becoming common, enabling companies to broaden their market reach and capitalize on emerging opportunities. For instance, Indra's acquisition of Selex ES Inc.'s Air Traffic Management business in November 2022 underscores this trend, as Indra integrates the new line of business into Indra Air Traffic Inc. This strategic move allows Indra to expand its footprint and enhance its capabilities in the competitive air traffic management landscape. 

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The Communication subsegment is expected to dominate the Application segment during the forecast period 

Technavio analysts predict that the Communication subsegment will lead the Application segment during 2024 and 2028 The Air Traffic Management and Control (ATM/C) market is a critical sector in aviation, ensuring safe and efficient air traffic flow. It encompasses advanced technologies like Automatic Dependent Surveillance-Broadcast (ADS-B) and Performance-Based Navigation (PBN), enhancing situational awareness and reducing air traffic congestion. Market growth is driven by increasing air travel demand, technological advancements, and regulatory compliance. Key players include Thales, Indra Sistemas, and Saab.

Here are the various ways based on which the market is segmented: 

• Application
  • Communication
  • Navigation
  • Surveillance
  • Automation
• End-user
  • Commercial
  • Military
• Geography
  • North America
  • APAC
  • Europe
  • Middle East and Africa
  • South America

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish increasing air traffic

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Air Traffic Management and Control market is experiencing significant growth due to the increasing demand for efficient and safe air travel. With the emergence of hybrid aircraft and vertical take-off and landing (VTOL) aircraft, the market is witnessing new challenges in managing airspace and ensuring safety. In bad weather conditions, flight delays are common, leading to increased demand for advanced air traffic solutions. Civil transport airports are expanding their cargo and passenger handling capacities to cater to the growing consumer disposable income and the rising demand from emerging nations. Airport construction and aircraft security are major concerns, requiring robust traffic management infrastructure. Air traffic management involves the use of ground-based controllers, flight information services, alerting services, and air traffic services to ensure integrated dynamic management of airspace. Cyber threats and air safety are critical concerns, necessitating advanced collision prevention systems. Associated airspace and airport terminals are integral parts of the air traffic management system. The market for air traffic management and control is expected to grow significantly due to the increasing number of flights and the need for efficient and safe air travel. The market also offers opportunities for innovation in areas such as real-time data analysis and predictive maintenance.

Market Research Overview

The Air Traffic Management and Control market falls under the broader category of the global IT systems software market. This market encompasses organizations specializing in the development and production of various types of software, such as application development and management software, cloud computing software, data center solutions, IT management software, mobility software, networking software, security software, and storage software. Notably, this market excludes entities involved in the production of home entertainment software. According to Technavio's market analysis, the global IT systems software market size is determined by the consolidated revenue generated by companies providing all types of systems software, including cloud-based solutions.

The Air Traffic Management And Control Market is experiencing significant growth, fueled by the increasing air traffic. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/