Air Traffic Management Market Growth to 2022: 11.73% CAGR Led by Communication Segment
The air traffic management market is projected to grow from USD 50.01 billion in 2016 to USD 97.30 billion by 2022, at a CAGR of 11.73% from2016 to2022 while Asia-Pacific is expected to lead the air traffic management market during the forecast period.
Pune, India – January 30, 2017 /MarketersMedia/ —
The growth of the Air Traffic Management (ATM) market is dependent on the upcoming Greenfield airports, expansion of existing airports, and modernization and up gradation of air traffic management systems in various countries across the world. High cost associated with equipment and stringent regulatory norms are expected to hinder the market growth during the forecast period.
Complete report on global air traffic management market spread across 202 pages, profiling 11 companies and supported with 114 tables and 60 figures is now available at http://www.reportsnreports.com/reports/832596-air-traffic-management-market-by-domain-atc-atfm-aim-end-use-communication-navigation-surveillance-automation-simulation-investment-type-greenfield-brownfield-airport-class-abcd-system-regio-st-to-2022.html .
Based on end-use, the air traffic management market has been segmented into communication, navigation, surveillance, and automation & simulation. The communication segment is projected to grow at the highest CAGR during the forecast period. High growth of the communication segment can be attributed to the adoption of next generation ATM including high tech communication equipment such as VoIP communication systems.
Thales Group (France), Raytheon Company (U.S.), Indra Siestmas, S.A. (Spain), Honeywell International, Inc. (U.S.), (U.S.), Rockwell Collins, Inc. (U.S.), Harris Corporation (U.S.), Com soft Solution GmbH (Germany), and BAE Systems plc. (U.K.), among others, are the key players operating in the air traffic management market.
Request a discount on a copy of Air Traffic Management Market by Domain (ATC, ATFM, AIM), End-Use (Communication, Navigation, Surveillance, Automation & Simulation), Investment Type (Greenfield, Brownfield), Airport Class (A,B,C,D), System & Region – Global Forecast to 2022 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=832596 .
Asia-Pacific is expected to lead the air traffic management market during the forecast period, owing to technological advancements taking place in air traffic management systems. In addition, there is an increase in passenger movement and airspace congestion that has resulted in the rise in demand for new Greenfield airports in Asia-Pacific and the Middle East. Furthermore, North America is estimated to account for the second-largest share of the air traffic management market, owing to modernization of airports with updated air traffic management equipment.
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