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| A07104 | Pages: NA | Aug 2021 | 1207 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Air Traffic Management Market
Request Now !The global air traffic management (ATM) market is experiencing a significant growth due to construction of new airports. Air traffic management consists of all systems that assist aircrafts to depart, land, and travel through airspace. Air traffic management system includes air traffic services (ATS), airspace management (ASM), and air traffic flow and capacity management (ATFCM). Main objective of air traffic management is to regulate to ensure smooth aircraft flow to avoid congestion in airspace. Moreover, ATM safeguards minimum performance change in an aircraft operation during transition of airspace.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Component, Air Space, Investment Type, End Use, and Region |
Regions covered | North America (The U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
Companies covered | Honeywell International Inc., Northrop Grumman Corporation, Searidge Technologies, Harris Corporation, Raytheon Company, BAE Systems PLC, Saab AB, Thales Group, Indra Sistemas S.A., and Lockheed Martin Corporation. |
Air traffic management (ATM) has been particularly impacted by government-imposed travel ban and grounding of flights, owing to the COVID-19 scenario.
ATM system manufacturers are facing operational issues due disturbance in supply chain of raw materials & components, caused by the obligatory lockdown imposed by authorities to slow the spread of COVID-19.
Airports are forced to delay the on-going projects of airport construction and upgradation, in the wake of COVID-19 pandemic.
Aviation industry is suffering from financial losses in maintenance of airlines & airports without any growth in revenue, due fall in air passenger traffic after the COVID-19 outbreak.
Surge in investments in airports globally, increase in demand for smart ATM systems, and rise in adoption of remote & virtual towers are the factors that drive the global air traffic management market. However, high deployment cost and training cost for modern technology hinders the market growth. Contrarily, modernization of ATM, increasing number of airports, digital predictive techniques, and artificial intelligence present new pathways in the industry.
The global air traffic management market trends are as follows:
Increase in air passenger traffic has led to growth in number to new airports globally as well as increase in aircraft fleet size. Moreover, airports invest in construction of new air traffic control (ATC) towers to increase its ability of control more aircraft traffic. For instance, Kolkata airport (an airport in West Bengal, India) is expected to finish the construction of new control tower, by end of 2020, to replace the existing control tower. Hence, continuous investments in airport globally, to enhance the efficiency of air traffic management operations is expected to drive the global air traffic management market.
Remote & virtual towers are used to regulate, assist, and maintain orderly air traffic operations remotely, unlike the local ground-based control tower. Remote towers are being adopted quickly by modern airports for faster & safe airport operation. For instance, in December 2018, Saarbrucken Airport (an airport in Saarland, Germany) deployed the Germany’s first remote tower to control air traffic from a city Leipzig (a city in Germany), 450 KM away from Saarbrucken. This remote tower is operated by Deutsche Flugsicherung (DFS), the company in-charge of air traffic control for Germany. Such investments in remote & virtual towers to increase air traffic management efficiency is expected to boost the global air traffic management market.
Key segments covered:
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