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Air Traffic Management Market worth $11.8 billion by 2027 at a CAGR of 8.1%

Air traffic management market is projected to grow from USD 8.0 billion in 2022 to USD 11.8 billion by 2027 at a CAGR of 8.1%.

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Air Traffic Management Market worth $11.8 billion by 2027 at a CAGR of 8.1%

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  1. Air Traffic Management Market worth $11.8 billion by 2027 at a CAGR of8.1% The report on the Air Traffic Management Marketprovides a detailed trend analysis from 2018 to 2027. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of themarket. MarketsandMarkets: The Air Traffic Management Market is estimated to be USD 8.0 billionin2022andisprojected to reach USD 11.8 billion by 2027, at a CAGR of 8.1% from 2022 to 2027. The market is driven by factors such as rise in global focus on improving air safety, Launch of SESAR 3joint undertaking European to modernize air traffic management,etc. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160955838 Based on platform, Air Traffic Services segment projected to lead the market during the forecastperiod Based on airspace, the Air Traffic Services (ATS) segment is estimated to dominate the air traffic management market in 2022 with a share of 55.6%. This segment is estimated at USD 4.4 billion in 2022 and is expected to reach USD 6.4 billion by 2027, at a CAGR of 7.8% during the forecastperiod. Based on end use, Commercial segment is estimated to dominate the market during the forecastperiod The market is estimated to be dominated by the commercial segment, with a share of 85.4% in 2020. This segment is estimated to be valued at USD 7.7 billion in 2022 and is projected to grow at a CAGR of 8.3% during the forecast period, to reach USD 11.4 billion by 2027. Based on component, Hardware segment to have highest market share in2022 Based on application, the market is estimated to be dominated by the hardware segment, with a market share of 74.6% in 2022. This segment is estimated to be valued at USD 5.9 billion in 2022 and is projected to grow at a CAGR of 7.5% during the forecast period, to reach USD 8.5 billion by2027.

  2. Asia Pacific is projected to grow at a highest CAGR of 9.9% during the forecast period. Asia Pacific is estimated to account for a share of 33.1% of the Air Traffic Management Market in 2022. In the Asia Pacific region, China, India, South Korea, Australia, and New Zealand are considered for the market study. Philippines, Japan, Vietnam, and Indonesia are considered in the Rest of Asia Pacific. The aviation industry is growing at a significant pace in the Asia Pacific region, mainly driven by increasing air passenger traffic. Ask for Sample Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=160955838 AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr.Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441

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