The global air traffic control equipment market is set to gain momentum from the increasing investment by public & private companies in the aviation industry. This information is given by Fortune Business Insights™ in a recently published report, titled, “Air Traffic Management & Consulting Market Size, Share and Industry Analysis by System (Air Traffic Services, Airspace Management, Air traffic Flow Management, Aeronautical Information Management), By Component (Hardware, Software), By End Use (Commercial, Tactical), and Regional Forecast, 2020- 2027.” The report further states that the air traffic management & consulting market size was USD 13.30 billion in 2019 and is projected to reach USD 16.53 billion by 2027, thereby exhibiting a CAGR of 5.58% during the forecast period.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

This Report Answers the Following Questions:

  • What are the significant market trends, challenges, opportunities, growth drivers, and barriers?
  • Which region is anticipated to lead the market by generating the largest revenue?
  • How will the key companies cope up with the outbreak of Covid-19 pandemic?
  • Which segment is likely to hold the highest share in the near future?

Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/air-traffic-management-market-101813

Fortune Business Insights™ lists out the names of all the organizations providing air traffic management & consulting. They are as follows:

  • Thales Group (France)
  • Raytheon Company (The U.S)
  • Indra Sistemas, S.A. (Spain)
  • Harris Corporation (The U.S.)
  • Northrop Grumman Corporation (The U.S.)
  • Honeywell International, Inc. (The U.S.)
  • BAE Systems PLC (The UK)
  • Saab AB (Sweden)
  • Lockheed Martin Corporation (The S.)

Drivers & Restraints-

Rising Adoption of AI Technology to Drive Growth

The officials of a large number of prominent agencies, such as Council of International Civil Aviation Organization (ICAO) and Civil Air Navigation Services Organization (CANSO) are expressing their concerns regarding the high air traffic by air taxi services and unmanned aircraft. These regulatory bodies are apprehensive about the security and safety of air congestion that is occurring because of the rising usage of such services. Many of these agencies are gradually shifting towards artificial intelligence (AI) to improve the communication process. It would also help in enhancing the exchange of information between the air traffic control (ATC) authority and the aircraft in real-time. It is set to thereby boost the air traffic management & consulting market growth in the coming years.

How Will the Outbreak of Covid-19 Pandemic Affect the Market?

  • The global economy is falling persistently because of the spread of the deadly coronavirus worldwide.
  • The aviation industry is expected to suffer a heavy loss throughout the forthcoming years.
  • The International Air Transport Association (IATA) mentioned that the global aviation industry is anticipated to experience a drop of USD 314 in 2020. It refers to a revenue loss of around -55%.
  • Owing to the rapid spread of the virus, almost every country is under lockdown. It has thus, brought the industry to a standstill.
  • Since the past three months, there has been a tremendous decline in the number of passengers. It is also set to severely affect the investments by the key companies in developing unique air traffic management & consulting systems.

Get Your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/air-traffic-management-market-101813

Segment-

Aeronautical Information Management Segment to Grow Rapidly Owing to Rising Operation of Flights

Based on system, the market is segregated into aeronautical information management, air traffic flow management, airspace management, and air traffic services. Amongst these, the air traffic flow management segment generated 21% air traffic control equipment market share in 2019. The aeronautical information management segment is expected to grow at a fast pace in the coming years backed by its ability to perform the most vital tasks efficiently. The increasing operation of numerous flights across the globe would also augment growth.

Regional Analysis-

Rising Investment in Tourism Sector to Bolster Growth in the Middle East

In 2019, North America procured USD 4.30 billion in terms of revenue stoked by the increasing number of air traffic management & consulting system manufacturers in this region. Europe would lead the market owing to the presence of industry giants, such as Saab AB, Indra Sistemas, BAE System, and Thales Group. In Asia Pacific, the market would exhibit rapid growth fueled by the rising number of airports in various countries. Airport authorities are therefore planning to upgrade and modernize the existing air traffic management & consulting systems. In addition to this, developing countries, such as China and India possess several planned airport construction projects. In the Middle East, the presence of international airports would accelerate growth. The region is likely to exhibit high CAGR backed by the growing investment in the tourism sector.

Inquire before buying:

https://www.fortunebusinessinsights.com/enquiry/queries/air-traffic-management-market-101813

Competitive Landscape-

Key Players Focus on Introducing Innovative Air Traffic Control Equipment

The market houses various companies that are mainly following the organic or inorganic strategies of signing long-term contracts with the airport authorities, launching state-of-the-art air traffic management & consulting systems, and acquiring other start-ups companies. Below are two of the latest industry developments:

  • May 2018: Harris Corporation was awarded a contract by the Airport Authority of India (AAI). It is worth USD 141 million and will enable the company in creating Futuristic Telecommunication Infrastructure. It will not only help in enhancing the performance of India’s air traffic management, but also improve air safety and network operation.
  • October 2018: Inverness Airport in Scotland recently operated with the help of InNOVA approach. It also included the Tower display surveillance data processing system. These were provided to the airport by Indra Navia.

Read Other Related News:

https://www.theexpresswire.com/pressrelease/Marine-Sensors-Market-Forecast-by-2029-Industry-Size-Share-Business-Insights-Scope-and-Analysis-by-2029_15301090

https://www.theexpresswire.com/pressrelease/Land-Survey-Equipment-Market-Regional-Analysis-Competitive-Landscape-Industry-Development-Factor-and-Forecast-by-2029_15301245

https://www.theexpresswire.com/pressrelease/Space-Rover-Market-Insights-Industry-Segmentation-Development-Demand-Top-Companies-and-Forecast-by-2029_15301358

https://www.theexpresswire.com/pressrelease/Military-Gas-Mask-Market-Scope-Industry-Insights-Growth-Status-and-Forecast-by-2029_15301418

https://www.theexpresswire.com/pressrelease/Airport-Ground-Support-Vehicle-Market-Scope-Application-Industry-Dynamics-Qualitative-Insights-and-Forecast-by-2029_15301533

https://www.theexpresswire.com/pressrelease/Marine-Sensors-Market-Report-2022-Industry-Insights-Dynamics-Competitive-Landscape-and-Forecast-by-2029_15301737

https://www.theexpresswire.com/pressrelease/Land-Survey-Equipment-Market-Analysis-Report-by-2022-2029-Latest-Trends-Industry-Dynamics-Demand-Sales-Scope-and-Forecast-by-2029_15301948

https://www.theexpresswire.com/pressrelease/Space-Rover-Market-Dynamics-New-Emerging-Technologies-Business-Revenue-Demand-Growth-and-Forecast-by-2029_15302015

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:[email protected]

Fortune Business Insights™

Linkedin | Twitter | Blogs

By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

197 thoughts on “Air Traffic Management & Consulting Market Insights, Development Factor, Industry Dynamics, Emerging Technologies and Forecast by 2027”
  1. Howdy I am so delighted I found your website, I really found you by accident, while I was searching on Digg for something else, Regardless I am
    here now and would just like to say cheers for a marvelous
    post and a all round entertaining blog (I also love the theme/design),
    I don’t have time to look over it all at the moment but I
    have saved it and also added in your RSS feeds, so
    when I have time I will be back to read more, Please do
    keep up the excellent work.

  2. I’m impressed, I must say. Seldom do I encounter a blog that’s both equally educative and engaging, and let me tell you, you have hit the nail on the head. The problem is something that not enough folks are speaking intelligently about. Now i’m very happy that I came across this during my search for something relating to this.

  3. I blog frequently and I really appreciate your content. This great article has truly peaked my interest. I am going to bookmark your blog and keep checking for new information about once a week. I subscribed to your RSS feed too.

  4. Howdy! This post could not be written much better! Looking through this post reminds me of my previous roommate! He constantly kept talking about this. I am going to forward this information to him. Pretty sure he will have a very good read. I appreciate you for sharing!

  5. Aw, this was an exceptionally good post. Taking a few minutes and actual effort to make a good article… but what can I say… I put things off a whole lot and don’t seem to get nearly anything done.

  6. Hi there! This blog post could not be written any better! Going through this post reminds me of my previous roommate! He constantly kept preaching about this. I will forward this post to him. Fairly certain he’s going to have a very good read. I appreciate you for sharing!

  7. I really love your site.. Pleasant colors & theme. Did you develop this website yourself? Please reply back as I’m trying to create my own personal site and want to know where you got this from or just what the theme is named. Thanks!

  8. Hi, I do think your web site might be having internet browser compatibility issues. When I look at your site in Safari, it looks fine however, when opening in IE, it has some overlapping issues. I merely wanted to provide you with a quick heads up! Besides that, wonderful website!

  9. You are so awesome! I do not think I’ve truly read anything like this before. So great to discover another person with a few genuine thoughts on this subject. Seriously.. thank you for starting this up. This web site is something that is needed on the internet, someone with some originality.

  10. Aw, this was an extremely nice post. Spending some time and actual effort to make a really good article… but what can I say… I procrastinate a whole lot and never manage to get nearly anything done.

  11. I absolutely love your website.. Great colors & theme. Did you develop this website yourself? Please reply back as I’m attempting to create my own personal website and would like to know where you got this from or exactly what the theme is called. Appreciate it!

  12. I’m amazed, I must say. Rarely do I come across a blog that’s equally educative and entertaining, and let me tell you, you have hit the nail on the head. The problem is something that not enough folks are speaking intelligently about. I’m very happy that I found this during my search for something relating to this.

  13. When I originally commented I appear to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive four emails with the exact same comment. Is there a way you can remove me from that service? Cheers.

  14. Can I simply just say what a relief to find someone that really understands what they are discussing on the net. You definitely realize how to bring an issue to light and make it important. More people have to check this out and understand this side of the story. I can’t believe you aren’t more popular given that you surely possess the gift.

Leave a Reply

Your email address will not be published.