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The Air Traffic Management (ATM) market is projected to grow from an estimated $14.1 billion in 2018 to $18.8 billion by 2025, at a CAGR of 4.20% during the forecast period. Increasing global airport investments and upgradation of ATM systems are expected to drive the growth of the market.
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The Air Traffic Management Market is projected to grow from an estimated $14.1 billion in 2018 to $18.8 billion by 2025, at a CAGR of 4.20% during the forecast period. Increasing airport investments, and modernization of ATM infrastructure are expected to drive the growth of the market. Based Aeronautical Management (AIM) segment is projected to grow at the highest CAGR from 2018 to 2025 on airspace, Information the The growth of this segment can be attributed to the constant need to update real- time aeronautical information for safe, efficient, and economical ATM. AIM’s emphasis is on the distribution of updated aeronautical data as well as the digital conversion of data. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160955838 Based on component, the software segment is projected to grow at the highest CAGR from 2018 to 2025 Based on component, the software segment is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the need to enhance software with regular updates as well as increasing automation, which relies on software algorithms. Based on end use, the commercial segment is projected to grow at a higher CAGR from 2018 to 2025 Based on end use, the commercial segment is projected to grow at a higher CAGR during the forecast period. Commercial air traffic has been higher and has greater frequency than tactical air traffic. The extensively used ATM system and timely upgradations of these systems in growing commercial air traffic is the driver in the commercial segment being the fastest-growing. Based on investment type, the brownfield segment is projected to grow at a higher CAGR from 2018 to 2025 Based on investment type, the brownfield segment is projected to grow at a higher CAGR during the forecast period. Growth of this segment can be attributed to increasing investments in order to modernize existing airports. Europe is expected to be the fastest-growing ATM market during the forecast period
Europe is expected to be the fastest-growing market during the forecast period. Growth is largely due to increased brownfield airport investments as well as the Single European Sky program, which is expected to bring in modernization into the existing ATM system. Key Market Players Major players operating in the ATM market include Thales Group (France), Raytheon Company (US), Indra Sistemas, S.A. (Spain), Harris Corporation (US), Northrop Grumman Corporation (US), Honeywell International, Inc. (US), BAE Systems PLC (UK), and Saab AB (Sweden). Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=160955838 About MarketsandMarkets™ 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. Sanjay Gupta MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441
