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Air Traffic Management & Consulting Market Size, Share and Covid-19 Impact 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

Region : Global | Format: PDF | Report ID: FBI101813

 

KEY MARKET INSIGHTS

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COVID-19 Cover

This report covers COVID-19 impact analysis on Air Traffic Management Market

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Air traffic management is considered to cover all activities related to ensuring the safe and disciplined flow of air traffic without any mistake. The most important objective of this management is reducing the congestion problem at the airports. Therefore, the key services include Air Traffic Control (ATC), Air traffic Flow Management (ATFM), and Airspace Management (ATFM). This type of management for air traffic is possible by combining major services such as air traffic control and aeronautical information management. It is a dynamic management that ensures airspace safety with proper navigation services. Also, it regulates the flow of traffic day in day out. The primary objective of air traffic control is to maintain a sufficient difference between the aircraft to avoid collision on the ground by suggesting the right direction during a flight. The air-traffic flow & capacity management majorly regulates the aircraft flow as efficiently as possible to avoid congestion.


Moreover, the more working on this direction also ensures the best balance possible among the supply and demand with time and space for aircraft. Besides, it also ensures better planning to control the available capacity for the deployment. The air traffic control equipment market is also segmented by component, which includes high-quality hardware and software for effective management. Recently, there has been advancement in communication technology and airport connectivity.This has led to improved airport efficiency, performance, flight safety, and reduced the overall delay in flights. These factors are projected to fuel the demand for air traffic management & consulting systems during the forecast period.


LATEST TRENDS


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Growing Adoption of Advanced Software and Communication Technologies to Reduce Congestion on Air


The aviation industry is exhibiting a constant increase in air traffic, especially from the international airlines in several countries. Mostly, the air traffic control units of numerous airports are operated from the conventional systems that are decades old.  Air traffic control mainly serves in communication, navigation, and surveillance. The digitalization of numerous towers to reduce congestion is necessary for the counties. Therefore, air traffic management has become the most important area which needs a major transformation to adopt modern platforms. The next-generation aircraft fleets and construction of smart airports are providing attractive opportunities to the companies. This trend is projected to fuel the demand for air traffic management & consulting system across the globe in future.


Increasing Adoption of Artificial Intelligence in ATC Towers to Enhance Communication, Navigation, and Surveillance 


Most organizations such as Civil Air Navigation Services Organization (CANSO) and Council of International Civil Aviation Organization (ICAO) are expressing concerns regarding air traffic by the unmanned aircraft and air taxi services. The authorities are concerned about the safety and security of air traffic congestion due to the flying of unmanned aircraft near the airport. Several countries are adopting artificial intelligence (AI) to enhance communication in real-time information exchange between the aircraft and the air traffic control (ATC) authority. This trend is projected to transform this market in the future years.


DRIVING FACTORS


Increasing Air traffic Around the Globe is Resultingin Construction of New Airports


Airports Council International (ACI) is working on several airport authorities around the globe owing to the growing demand for air travel and the importance of investment in airport infrastructure. According to International Air Transport Association (IATA), the investment capital of around USD 1.2 to 1.5 trillion is estimated to be spent on global airport infrastructure development up to 2030. A rise in investment in airport infrastructure is likely to provide a lucrative growth in air travel services which directly contributes to economic development, employment opportunity and social benefits. Increase in demand for domestic air travel from the past few years is projected to reach 10.7 million by 2022 at a significant rate. According to ACI, the developing markets of aviation in Asia and South East Asia are expected to surpass the market in developed economies in the future years. Moreover, new airports will need the efficient air traffic management services, equipment and software solutions in the future years. This, in turn, it  is likely to boost the air traffic management & consulting market growth during the forecast period.


RESTRAINING FACTORS


Complexity In the Development Of Air Traffic Management And Consulting Design May Restrain Growth


The air traffic management & consulting system involves a huge amount of hardware costs, such as displays, monitors, communication systems, radars, navigation, surveillance systems, and others. These systems consist of sophisticated technology and complex engineering for development. Various components and machines are used for establishing large infrastructure for effective systems. This factor makes the system a high-cost expense to establish an infrastructure for the airport facility. This, in turn, is projected to hamper the market growth during the forecast period. Moreover, the demand for this system is considered to be limited in context as very few numbers of airports are constructed in the countries. This factor can be a key restraining factor for the future growth of this market.


Covid-19 Pandemic Is Likely To Impact on New Investment Opportunity in Airport Construction


The global economic crisis can get worse and deeper if the pandemic spread is not controlled or it reaches to the extreme condition. In both situations, the aviation industry is forecasted to suffer a heavy loss. According to the International Air Transport Association (IATA), the global aviation industry is projected to bear a revenue loss of almost -55%, i.e.,a drop of USD 314 in 2020. These estimates are based on the scenario of numerous travel restrictions around the world and a tremendous fall in passenger demand from the last three months. Every country is facing economic crises due to the COVID-19 pandemic. The world economic growth has hampered and influenced private and public investment. This factor is expected to impact negatively on the new business development opportunities over the next few years.


SEGMENTATION


By System Analysis


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Air Traffic Management Segment to Grow Steadily Fueled by Need to Reduce Congestion


Based on system, this market is classified into air traffic services, airspace management, air traffic flow management, and aeronautical information management. The air traffic services segment is further sub-segmented into air traffic control, flight information services, and alerting services. The aeronautical information system segment is projected to be the fastest-growing in the market during the forecast period. The air traffic services segment held a major share in 2019 in the market. The services handle most critical to manage tasks owing to a large number of flight operations that take place day in and day out. These services efficiently handle the flow of aircraft and navigate with a precise location without fail. The global air traffic is increasing continuously due to the exponential growth of passengers from the past few years. These factors are projected to boost the demand for air traffic management & consulting system during the forecast period.


 By Components Analysis


Software Segment Grow Rapidly Backed by Rising Usage of Automation


By components, the market is segmented into hardware and software. The software-based services segment is projected to grow at a rapid pace in this market in the next few years. An increase in automation across the industry has resulted in the use of software for effective management across the globe. Software is made up of different types of algorithms which are capable of resolving complex calculations with an effective management solution. Most aeronautical information and control systems are used by the software-based systems. These factors are projected to fuel the growth of the market during the forecast period. The hardware segment held a major share in the market in 2019. This trend is expected to continue during the forecast period.


By End-use Analysis


Commercial Segment to Hold Major Share Owing to Large International & Domestic Traffic


By end-use, the market is classified into a commercial and tactical. The tactical end-user segment is projected to grow at the highest pace in this market during the forecast period. The commercial segment held a major market share in 2019. The significant use of commercial air traffic management due to large commercial air traffic, including international and domestic traffic, is driving the demand for such service. These systems need regular up-gradation and maintenance for longer durability. The commercial uses of these systems include communication and navigation to air traffic in various countries. Anincrease in the new airport construction across the globe is expected to fuel the demand for these systems in the coming years.


REGIONAL INSIGHTS


North America Air Traffic Management & Consulting Market Size, 2019 (USD Billion)

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The findings based on our research methodology indicate that North America held the second-largest market share in 2019 Moreover, the region has the presence of a large number of manufacturers of air-traffic management system that would facilitate significant growth during the forecast period. Europe accounted for the key share in 2019 in the market owing to the presence of many air traffic management & consulting system manufacturers in this region such as Thales Group, BAE System PLC, Indra Sistemas S.A, and Saab AB. Air traffic in Asia Pacific is projected to grow at a rapid pace due to the presence of airports in the countries of the region. The growing demand for modernization of the existing airports is one of the key driving factors in the region. As per our study, the region is expected to showcasestrong growth in the market during the forecast period owing to the significant rise in airport construction projects in the developing countries such as India and China. The region is expected to showlong-term growth in the market.


Furthermore, the market in the Middle East is expected to increase at a significant CAGR, owing to the strong presence of international airports in these regions. Moreover, the risinginvestment in the tourism sector and large air traffic concerns in the region are expected to drive the market in this region.Moreover, the market in the rest of the world will be expected to exhibit moderate growth due to the increase in global air passenger traffic.


KEY INDUSTRY PLAYERS


Key Players Adopt Innovation, Acquisition,& Collaborations Strategies


The competitive landscape of the air traffic management & consulting market depicts the domination of selected players such as Thales Group, Harris, Northrop Grumman Corporation, and Honeywell International. A diversified product portfolio of ATC, along with the increased investment in R&D and strategic acquisition, are some of the prominent factors responsible for the dominance of these companies. Theyare adopting organic and inorganic growth strategies such as mergers and acquisitions, new product launches, and long-term contract with the airport authority and the state government.


LIST OF KEY COMPANIES PROFILED:



  • 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  U.S.)


KEY INDUSTRY DEVELOPMENTS:



  • January 2019–National Apprenticeship Training Scheme (NATS), U.K.’s air traffic management service provider, commenced the trial of an AI-powered digital tower at Heathrow to minimize the flight delay problems. NATS invested more than 2.5 million British Pound in understanding how technology will be able to support air traffic operations to gain a competitive advantage.

  • May 2018 –Harris Corporation,headquartered in Florida, U.S., gained a contract worth USD 141 million from the Airport Authority of India (AAI) to develop Futuristic Telecommunication Infrastructure. This will enhance network operation, air safety,and enhance the performance of India’s air traffic management.


REPORT COVERAGE


The report offers qualitative and quantitative insights on these systems and detailed analysis of market size & growth rate for the segments in the market.


Along with this, the market research report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape. Key insights offered in the report are the adoption of advanced technology, recent industry developments such as partnerships, mergers & acquisitions, consolidated SWOT analysis of key market players, Porter’s five forces analysis, business strategies of leading market players, macro and micro-economic indicators, and importantindustry trends.


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REPORT SCOPE AND SEGMENTATION














































SEGMENTATION



  DETAILS



Study Period



   2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



By System




  • Air Traffic Services

  • Air traffic Flow Management

  • Airspace Management

  • Aeronautical Information Management



By Component




  • Hardware

  • Software



By End-User




  • Commercial

  •  Tactical



By Region




  • North America (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, and Rest of Asia Pacific)

  • Middle East (Saudi Arabia, UAE, Israel, Turkey, and Rest of the Middle East)

  • Rest of the World (Latin America and Africa)



Frequently Asked Questions

In 2018, the global market size was USD 13.30 billion, and it is anticipated to reach USD 16.53 billion by 2027,growing at a CAGR of 5.58% during the forecast period (2020-2027).

In the market, air traffic services, hardware, and commercial end-use are the leading segments.

Some of the driving factors for the market are the rising construction of new airports, along with the modernization of existing infrastructures

In the market, some of the key players are Harris, Thales Group, and Honeywell International Saab AB.

In the market, the key players are mainly focusing on establishing a strong supply chain network in high growth regions such as Asia-Pacific. It is also involved in acquisitions and technological collaborations to strengthen its market share—furthermore, investment in the R&D capabilities for designing durable and cost-effective systems would propel growth

Air Traffic Management Market Size, Share and Global Industry Trend Forecast till 2026
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