The commercial air traffic management market is expected to reach US$ 10,279.46 million by 2030; it is estimated to grow at a CAGR of 7.8% from 2022 to 2030.
The global aviation industry is transforming in terms of new and innovative products. The stakeholders across industry verticals are continuously investing in R&D to innovate and develop robust solutions to simplify industrial operations. The growing demand for air traffic management systems compelled the commercial air traffic management market players to invest in developing new and innovative products in recent years. A few of the major product developments are mentioned below:
- In June 2022, Indra Sistemas SA and Eurocontrol Maastricht Upper Area Control Centre (MUAC) announced the deployment of an Aeronautical Telecommunications Network (ATN) and Automatic Dependent Surveillance Contract system (ADS-C) enabling air traffic control systems to manage air traffic accurately.
- In June 2022, Thales SA announced the launch of HELIXVIEW, a C3-compliant scanner that combines X-ray nanotechnology-based electronic scanning and 3D imaging reconstruction to provide higher security to airports and seamless travel facilities to passengers.
Such advancements in air traffic management systems and software, supported by high investments from global manufacturers to develop innovative products as per the customer requirements, are speculated to drive the commercial air traffic management market growth.
Commercial Air Traffic Management Market -
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Commercial Air Traffic Management Market: Strategic Insights
Market Size Value in US$ 5,644.85 Million in 2022 Market Size Value by US$ 10,279.46 Million by 2030 Growth rate CAGR of 7.8% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Commercial Air Traffic Management Market: Strategic Insights
| Market Size Value in | US$ 5,644.85 Million in 2022 |
| Market Size Value by | US$ 10,279.46 Million by 2030 |
| Growth rate | CAGR of 7.8% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Commercial Air Traffic Management Market
Due to the COVID-19 pandemic, the APAC commercial air traffic management market size witnessed a decline in growth during the first half of 2020, hindering the revenue of market players such as NEC Corp and Shoghi Communications Ltd operating in the region. In addition, the lockdown restricted the export of various raw materials procured to develop radars, display systems, and other hardware devices and led to a shortage of workers, which delayed the expansion projects of various airports. For instance, the expansion of Patna Airport was delayed due to the lockdown restriction. However, in Q1 of 2021, the airport expansion activities resumed, which is expected to further propel the demand for ATM systems in the region. For instance, in January 2021, the construction of new airports started in Southeast Asian countries such as Cambodia, Indonesia, Myanmar, the Philippines, and Laos. A few of these airports are New Vientiane International Airport, Laos (expected to complete by 2025), Jewel at Singapore Changi Airport, Singapore (expected to complete by 2024), and Mukdahan airport, Thailand (is expected to start in 2025 and will end in 2027). Thus, the restart of airport construction activities in the region will boost the market growth during the forecast period.
Lucrative Regions for Commercial Air Traffic Management Market
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Market Insights - Commercial Air Traffic Management Market
Asia Pacific is expected to be the fastest-growing commercial air traffic management market during the forecast period. The market growth in the region is driven by the presence of new airport construction projects across different countries, including China, India, Indonesia, Vietnam, Malaysia, and Singapore. Several airport authorities in different countries of Asia Pacific have been taking a sheer interest in initiating new airport construction projects across the region. For instance, China and India have already announced the construction of more than 250 airports by the end of 2035. Thus, the rising number of airport construction projects would generate new opportunities for commercial air traffic management market players during the forecast period. Moreover, the rising commercial aircraft fleet across the region is expected to generate the demand for safe air traffic management across countries in Asia Pacific. For instance, according to several industry statistics, the commercial aircraft fleet in Asia Pacific is expected to grow from 7,958 aircraft in 2021 to 14,320 commercial aircraft by 2032. This shows an increase of more than 44% in the region’s commercial aircraft fleet, which is expected to consume a lot of airspace across Asia Pacific in the coming years. For instance, Air Navigation Services Provider (ANWS) of Taipei awarded a contract to Thales Group in February 2022 for modernizing the airport surveillance systems in Taitung, Hualien, and Songshan airports. These factors are expected to contribute to the APAC commercial air traffic management market growth.
Component - Based Insights
Based on component, the commercial air traffic management market is bifurcated into hardware and software. The hardware segment in terms of revenue is expected to continue its dominance in the global commercial air traffic management market size in 2028. The hardware segment of the global commercial air traffic management market includes radar, antennas, display systems, and others. These systems are adopted across commercial airports to constantly collect information and transfer the same to the air traffic control authorities on a real-time basis. Airports across the globe install individual radars, sensors, and display systems for applications such as communication, navigation, surveillance, and traffic control. For instance, in June 2022, Indra announced that it had signed a deal with Airways New Zealand to provide radar to strengthen air traffic security, and reduce CO2 emissions. Under this agreement, Indra will deploy a new Primary Surveillance Radar (PSR3D) and a Secondary Surveillance Radar (MSSR). The company will also build a new radar support tower at Christchurch. Thus, to strengthen air traffic security and obtain accurate and real-time information regarding the flow of aircraft, the demand for hardware components is increasing, leading to the market's growth.
The commercial air traffic management market size is segmented based on type, component, application, airport class, and geography. Based on type, the commercial air traffic management market is segmented into air traffic services, air traffic flow management, and airspace management. Based on component, the market is bifurcated into hardware and software. Based on application, the market is segmented into communication, navigation, surveillance, traffic control, and others. Based on airport class, the market is segmented into class I, class II, class III, and class IV. By geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
Some of the key commercial air traffic management market players operating globally include Thales Group; Indra Systemas; L3 Harris Technologies, Inc.; Leonardo S.p.A; Honeywell International Inc.
Players operating in the commercial air traffic management market are mainly focused on the development of advanced and efficient products.
- In 2022, Polish Air Navigation Services Agency (PANSA) signed a four-year contract with SITA to digitally transform air/ground communications and boost air traffic safety and efficiency.
- In 2020, NEC Corporation partnered with Myanmar’s Department of Civil Aviation to supply air traffic control radars to three international airports in the country.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Component, Application, Airport Class, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global commercial air traffic management market was valued at US$ 5644.85 Mn in 2022
The key driving factors impacting commercial air traffic management market growth includes:
• Growing Aircraft Delivery Volumes
• Continuous Product Innovations and Launches
The key players of commercial air traffic management market are encompassed with Thales SA, BAE Systems Plc, Indra Sistemas SA, L3Harris Technologies Inc, Raytheon Technologies Corp, Honeywell International Inc, Saab AB, SITA SC, NEC Corp, Nita LLC, JSC VNIIRA, Azimut JSC, and Leonardo SpA.
APAC is the fastest-growing regional market in the global commercial air traffic management market between 2022-2030.
US, Germany, India, the UAE, and Brazil are the countries registering high growth rate during the forecast period.
The hardware segment led the global commercial air traffic management market in 2021.
The List of Companies - Commercial Air Traffic Management Market
- Thales SA
- BAE Systems Plc
- Indra Sistemas SA
- L3Harris Technologies Inc
- Raytheon Technologies Corp
- Honeywell International Inc
- Saab AB
- SITA SC
- NEC Corp
- Nita LLC
- JSC VNIIRA
- Azimut JSC
- Leonardo SpA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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