Air Traffic Management (ATM) Market is projected to reach USD 97.30 Billion by 2022
Global Air Traffic Management (ATM) Market Analysis and Forecast to 2022 | Growth Opportunity Assessment
(EMAILWIRE.COM, May 18, 2018 ) The Air Traffic Management (ATM) 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% during the forecast period. Increasing demand for safe and reliable air traffic operations, increasing airspace congestion, development of new airport infrastructure, and modernization of existing airports are the key factors driving the growth of the air traffic management (ATM) market. The air traffic management market in India, China, and Japan is expected to witness significant growth during the forecast period.
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Based on domain, the air traffic management (ATM) market has been segmented into Air Traffic Control (ATC), Air Traffic Flow Management (ATFM), and Aeronautical Information Management (AIM). The ATFM segment of the air traffic management (ATM) market is projected to grow at the highest CAGR from 2016 to 2022. Growth in the Air Traffic Flow Management (ATFM) is due to smooth transition of air traffic flow it provides and is a vital part of air traffic management (ATM). ATFM allows a flexible design of airports in an attempt to optimize existing services to enhance capabilities.
Based on end-use, the communication segment is expected to account for the largest share of the air traffic management market during the forecast period. Based on end-use, the air traffic management (ATM) market has been classified into communication, navigation, surveillance, and automation & simulation. Communication is fueling the demand for safe, reliable, and cost effective solutions for air traffic, thereby driving the air traffic management (ATM) market.
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Asia-Pacific is projected to lead the air traffic management (ATM) market from 2016 to 2022, owing to the development of Greenfield airport and modernization of existing airports in the region. Airport modernization programs that include increased procurement of advanced communication, navigation, and surveillance equipment are driving the Asia-Pacific air traffic management (ATM) market.
High equipment cost associated with hardware and software of air traffic management (ATM) systems is expected to restrain the growth of the air traffic management market. Key players in this market are Raytheon Company (U.S.), Indra Sistemas S.A. (Spain), Harris Corporation (U.S.), Thales Group (France), Honeywell International Inc. (U.S.), Northrop Grumman Corporation (U.S.), Advanced Navigation and Positioning Corporation (U.S.), Saab AB (Sweden), and ComSoft GmBH (Germany), among others
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Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-air-traffic-management-atm-market-analysis-and-forecast-to-2022-growth-opportunity-assess/8278425
Based on domain, the air traffic management (ATM) market has been segmented into Air Traffic Control (ATC), Air Traffic Flow Management (ATFM), and Aeronautical Information Management (AIM). The ATFM segment of the air traffic management (ATM) market is projected to grow at the highest CAGR from 2016 to 2022. Growth in the Air Traffic Flow Management (ATFM) is due to smooth transition of air traffic flow it provides and is a vital part of air traffic management (ATM). ATFM allows a flexible design of airports in an attempt to optimize existing services to enhance capabilities.
Based on end-use, the communication segment is expected to account for the largest share of the air traffic management market during the forecast period. Based on end-use, the air traffic management (ATM) market has been classified into communication, navigation, surveillance, and automation & simulation. Communication is fueling the demand for safe, reliable, and cost effective solutions for air traffic, thereby driving the air traffic management (ATM) market.
Request free sample @ https://www.researchcosmos.com/request/8278425
Asia-Pacific is projected to lead the air traffic management (ATM) market from 2016 to 2022, owing to the development of Greenfield airport and modernization of existing airports in the region. Airport modernization programs that include increased procurement of advanced communication, navigation, and surveillance equipment are driving the Asia-Pacific air traffic management (ATM) market.
High equipment cost associated with hardware and software of air traffic management (ATM) systems is expected to restrain the growth of the air traffic management market. Key players in this market are Raytheon Company (U.S.), Indra Sistemas S.A. (Spain), Harris Corporation (U.S.), Thales Group (France), Honeywell International Inc. (U.S.), Northrop Grumman Corporation (U.S.), Advanced Navigation and Positioning Corporation (U.S.), Saab AB (Sweden), and ComSoft GmBH (Germany), among others
Check for discount @ https://www.researchcosmos.com/discount/8278425
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
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Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results