DUBLIN, June 28, 2023 /PRNewswire/ — The “Global Air Traffic Management Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.
In 2022, the industry generated substantial revenue of $3,740.9 million, and it is projected to witness a steady growth rate at a CAGR of 3.8% from 2022 to 2032, reaching an estimated value of $5,409.9 million by 2032.
The global air traffic management industry is a vital component of the aviation sector, responsible for ensuring the safe, efficient, and orderly flow of air traffic. Air traffic control, airspace management, communication systems, navigation aids, and surveillance systems are the segments covered.
One of the key drivers for growth in the air traffic management industry is the increasing global demand for air travel. As passenger volumes continue to rise, particularly in emerging economies, there is a need for advanced systems and technologies to manage the increasing complexity of air traffic. Upgrade of existing air traffic management infrastructure in Europe and North America will also spur market growth.
The demand for advanced air traffic management solutions will surge in the Asia-Pacific (APAC) region, as rapid economic development has led to the construction of new airports, particularly in China and India.
Sustainability and environmental considerations are gaining traction in the air traffic management industry as it moves toward sustainable technologies and operational strategies, such as implementing more fuel-efficient aircraft routing and developing eco-friendly navigation systems.
The industry also faces challenges related to cybersecurity. As air traffic management systems become more digitally connected, the risk of cyber threats increases. Therefore, stakeholders in the industry are actively exploring innovative solutions to enhance cybersecurity measures, such as the use of advanced encryption protocols, real-time threat monitoring, and the adoption of artificial intelligence for anomaly detection.
Key Topics Covered:
Strategic Imperatives
Why is it Increasingly Difficult to Grow?The Strategic ImperativeThe Impact of the Top 3 Strategic Imperatives on the Air Traffic Management IndustryGrowth Opportunities Fuel the Growth Pipeline EngineGrowth Opportunity Universe
Growth Opportunity 1: Connected AircraftGrowth Opportunity 2: Remote TowersGrowth Opportunity 3: Unmanned Traffic ManagementGrowth Opportunity Analysis
Scope of AnalysisSegmentation by ApplicationSegmentation by RegionKey CompetitorsGrowth MetricsGrowth DriversGrowth RestraintsForecast AssumptionsRevenue ForecastRevenue Forecast by ProductRevenue Forecast by Industry VerticalRevenue Forecast by ApplicationRevenue Forecast by RegionRevenue Forecast AnalysisPricing Trends AnalysisCompetitive EnvironmentRevenue ShareRevenue Share AnalysisTechnological Advancements that Improve ATM & Enhance SafetyTechnological Advancements that Improve ATM & Increase EfficiencyTechnological Advancements that Improve ATM & Ensure Capacity ExpansionTechnological Advancements that Improve ATM & Facilitate Collaborative Decision-MakingTechnological Advancements that Improve ATM & Future-Proof SystemsFor more information about this report visit https://www.researchandmarkets.com/r/x4o28c
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com
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SOURCE Research and Markets
DUBLIN, June 28, 2023 /PRNewswire/ — The “Global Air Traffic Management Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.
In 2022, the industry generated substantial revenue of $3,740.9 million, and it is projected to witness a steady growth rate at a CAGR of 3.8% from 2022 to 2032, reaching an estimated value of $5,409.9 million by 2032.
The global air traffic management industry is a vital component of the aviation sector, responsible for ensuring the safe, efficient, and orderly flow of air traffic. Air traffic control, airspace management, communication systems, navigation aids, and surveillance systems are the segments covered.
One of the key drivers for growth in the air traffic management industry is the increasing global demand for air travel. As passenger volumes continue to rise, particularly in emerging economies, there is a need for advanced systems and technologies to manage the increasing complexity of air traffic. Upgrade of existing air traffic management infrastructure in Europe and North America will also spur market growth.
The demand for advanced air traffic management solutions will surge in the Asia-Pacific (APAC) region, as rapid economic development has led to the construction of new airports, particularly in China and India.
Sustainability and environmental considerations are gaining traction in the air traffic management industry as it moves toward sustainable technologies and operational strategies, such as implementing more fuel-efficient aircraft routing and developing eco-friendly navigation systems.
The industry also faces challenges related to cybersecurity. As air traffic management systems become more digitally connected, the risk of cyber threats increases. Therefore, stakeholders in the industry are actively exploring innovative solutions to enhance cybersecurity measures, such as the use of advanced encryption protocols, real-time threat monitoring, and the adoption of artificial intelligence for anomaly detection.
Key Topics Covered:
Strategic Imperatives
Why is it Increasingly Difficult to Grow?The Strategic ImperativeThe Impact of the Top 3 Strategic Imperatives on the Air Traffic Management IndustryGrowth Opportunities Fuel the Growth Pipeline Engine
Growth Opportunity Universe
Growth Opportunity 1: Connected AircraftGrowth Opportunity 2: Remote TowersGrowth Opportunity 3: Unmanned Traffic Management
Growth Opportunity Analysis
Scope of AnalysisSegmentation by ApplicationSegmentation by RegionKey CompetitorsGrowth MetricsGrowth DriversGrowth RestraintsForecast AssumptionsRevenue ForecastRevenue Forecast by ProductRevenue Forecast by Industry VerticalRevenue Forecast by ApplicationRevenue Forecast by RegionRevenue Forecast AnalysisPricing Trends AnalysisCompetitive EnvironmentRevenue ShareRevenue Share AnalysisTechnological Advancements that Improve ATM & Enhance SafetyTechnological Advancements that Improve ATM & Increase EfficiencyTechnological Advancements that Improve ATM & Ensure Capacity ExpansionTechnological Advancements that Improve ATM & Facilitate Collaborative Decision-MakingTechnological Advancements that Improve ATM & Future-Proof Systems
For more information about this report visit https://www.researchandmarkets.com/r/x4o28c
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
Logo – https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
