Air Traffic Management & Consulting Market to Reach USD 16.11 Billion by 2028; Rising Air Traffic to Drive the Demand for Advanced ATM Solutions

The global air traffic management & consulting market size is anticipated to reach USD 16.11 billion by 2028 from USD 11.50 billion in 2021. Fortune Business Insights^TM in its report titled “Air Traffic Management and Consulting Market Size, Share and COVID-19 Impact Analysis, By System (Air Traffic Services, Air Traffic Flow Management, Airspace Management, and Aeronautical Information Management), By Airport Type (Domestic and International), By Component (Hardware, Software, and Services), By End User (Commercial and Military), and Regional Forecast, 2021-2028”, observes that the market size stood at USD 11.30 billion in 2020 and is expected to exhibit a CAGR of 4.93% between 2021 and 2028. The worldwide rising air traffic is anticipated to drive the demand for advanced ATM solutions and foster market growth.

Federal Aviation Administration’s Contract Worth USD 12 Million to DIGITALiBiz Inc. to Incite Development

In December 2020, the Federal Aviation Administration (FAA) signed a contract worth USD 12 million with DIGITALiBiz Inc. to provide research, development, integration, and other support to develop a new transoceanic ATC infrastructure. The company will provide engineering support, software and hardware development and testing, and laboratory operations. iBiz has been in a long relationship with FAA and supports their many operations.

Development of New Airport to Bolster Market Growth

Due to the growing passenger traffic, the ever-increasing air traffic is anticipated to boost the global air traffic management and consulting market growth. This also results in new airport developments. The rising new airport projects, particularly in Asia Pacific, are anticipated to boost market growth due to increasing investments in the airport infrastructure. The development of the new airport will contribute to employment, economic development, and other social benefits.  The Center for Asia Pacific Centre for Aviation estimates that approximately USD 137,254 million worth of investments were made in global airport expansions. Approximately USD 62,398 million were invested in new airports, and USD 74,856.0 million was invested in upgrading existing airports.

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https://www.fortunebusinessinsights.com/industry-reports/air-traffic-management-market-101813

Key Players to Adopt Ingenious Growth Strategies

The market comprises Northrop Grumman Corporation, Thales Group, Lockheed Martin Corporation, and Honeywell International, amongst the top market players. The key players adopt ingenious growth strategies such as long-term contracts, new product launches, strategic acquisitions, and mergers, amongst others, to accumulate growth and augment their revenues. For instance, Thales Group announced the selection of the Federal Aviation Administration (FAA) and Leidos Holdings Inc. for the delivery of approximately 142 secondary surveillance radars to support ATC (Air Traffic Control) management in February 2020.

Key Industry Development-

• December 2020: FAA signed a contract worth USD 12 million with DIGITALiBiz Inc. to provide research and development, integration, and other supports to develop a new transoceanic ATC infrastructure.

List of Key Players in the Global Market:

• Thales Group (France)


• Raytheon Technologies Corporation (U.S.)


• Indra Sistemans SA (Spain)


• L3Harris Technologies Inc. (U.S.)


• Honeywell International Inc. (U.S.)


• BAE Systems PLC (U.K.)


• Saab AB (Sweden)


• Lockheed Martin Corporation (U.S.)


• Capgemini S.E. (France)

Further Report Findings-

• The market size in North America stood at USD 3.64 billion in 2020 and is anticipated to attain the largest global air traffic management & consulting market share. The high adoption of advanced technologies to improve aircraft and airport operation efficiency, coupled with the vast aviation industry, is projected to boost the market growth. Also, the several key players present in the U.S., including Northrop Grumman Corporation, L3Harris Technologies Inc., Lockheed Martin Corporation, Raytheon Technologies Corporation, and others, are likely to complement the market’s growth in the coming years.


• According to the segmentation based on end-user, the commercial segment is anticipated to attain the highest growth due to increasing passenger traffic and air traffic globally.

Table of Segmentation