DUBLIN--(BUSINESS WIRE)--The "Global Air Traffic Management Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global air traffic management (ATM) market is expected to register a CAGR close to 10% during the forecast period, 2018 to 2023.
The need for efficient, globally harmonized, and interoperable air traffic management arises due to increasing air traffic across the globe. International Air Transport Association forecasts the global air passenger number will be doubled to 7.8 billion in 2036. To cater to this increase in demand, airlines are making investments to increase the fleet size. According to the FAA, there are around 5000 aircrafts in the sky at any given time. Thus, there is a vast demand for improvised Air Traffic Management Systems, which are needed to manage growing number of planes in the air.
However, these new technologies are out of reach from cost-effectiveness, as huge capital is required to maintain and monitor them, since these systems are necessary for the safety of the passengers. Asia-Pacific is projected to lead the air traffic management market during the forecast period, owing to the modernization of existing airports and the development of new airports in the region. Airport modernization programs, that include increased procurement of advanced communication, surveillance equipment, and navigation, are some of the drivers identified in the Asia-Pacific air traffic management market.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. Global Air Traffic Management Market, Segmented By Domain
7. Global Air Traffic Management Market, Segmented By System
8. Global Air Traffic Management Market, Segmented By End-Use
9. Global Air Traffic Management Market, Segmented By Airport Class
10. Global Air Traffic Management Market, Segmented By Geography
11. Competitive Landscape
12. Company Profiles
- Advanced Navigation and Positioning Corp
- BAE Systems PLC.
- Comsoft Solution GmbH
- Honeywell International Inc.
- Harris Corporation
- Indra Sistemas
- Raytheon Company
- Saab AB
- Thales Group
- Northrop Grumman Corporation
13. Market Outlook
For more information about this report visit https://www.researchandmarkets.com/research/pkc492/global_air?w=4