Global Air Traffic Management (ATM) Market worth USD 122.65 Billion by 2024

The report "Global Air Traffic Management Market - Premium Insight, Industry Trends, Company Usability Profiles, Market Sizing & Forecasts to 2024", published by 360iResearch, states that the global market was valued at USD 56.15 billion in 2017 and is projected to reach USD 122.65 billion by 2024, growing at a CAGR of 11.81% from 2017 to 2024.

The major forces driving the growth of the air traffic management market include the upsurge in airspace congestion and upgrading of air traffic management infrastructure. Moreover, increasing entry of private sector in airspace & defense industry is also one of the factors that is driving the market growth. However certain factors such as the stringent regulatory norms may hinder the market growth. In the middle of difficulty lies opportunity such as the future air traffic management infrastructure for unmanned aircraft. The possible challenges for the market growth is high cost of infrastructure. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on market, the global air traffic management market is studied across Air Traffic Control, Air Traffic Flow & Capacity Management, and Air Traffic Services. Based on type, the global air traffic management market is studied across Air Traffic Control, Air Traffic Flow & Capacity Management, and Air Traffic Services. Based on airport class, the global air traffic management market is studied across Class A, Class B, and Class C. Based on investment, the global air traffic management market is studied across Brownfield, and Greenfield. Based on application, the global air traffic management market is studied across Automation, Communication, Navigation, Simulation, and Surveillance. Based on end user, the global air traffic management market is studied across Civil & Commercial, and Military & Defense. Based on geography, the global air traffic management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the air traffic management market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Adacel Technologies Limited, BAE Systems PLC, Comsoft Solution GmbH, Harris Corporation, Honeywell International, Inc., Indra Sistemas, S.A., Northrop Grumman Corporation, Raytheon Company, Saab AB, and Thales S.A..

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