Air Traffic Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2028

  

Navigation, surveillance, communication, automation, and simulation technologies are all included in Air Traffic Control Market. It helps to ensure passenger safety, maintain the best height while flying, and direct airplanes to land in certain locations. Additionally, it facilitates decision-making through collaboration, provides real-time accuracy, and consolidates various systems. The newest technologies, including unmanned traffic management, the internet of things (IoT), artificial intelligence (AI), and light data processing systems (FDBS), are currently being integrated by a number of manufacturers with existing ATM solutions.

Trends in the air traffic management market: One of the quickest and safest ways to get around the world is by air. This is one of the primary reasons positively affecting the need for ATMs, along with economic expansion and a significant rise in world population. Additionally, the demand for better airspace management has increased due to an increase in the passenger Air Traffic Control Market brought on by falling flight costs. As a result, government authorities from several nations are putting more emphasis on expanding airport amenities and updating ATM infrastructure.

The market is being driven by this, as well as the possible danger from cyberattacks and the expanding use of Air Traffic Control Market systems based on satellites. The COVID-19 pandemic outbreak, the ensuing lockdown, and the resulting travel bans on both domestic and foreign aircraft, however, had a negative effect on the aviation industry. As a result, until the lifting of travel restrictions was announced, sales of ATM solutions decreased. The market expansion is anticipated to be fueled by the rising use of information and communications technology (ICT) in ATM systems, as well as the growing strategic alliances and collaborations among top industry players to maintain their position.

Competitive environment of the global air traffic control market

the Harris Corporation, Searidge Technologies Inc., Cobham Plc., Thales Group, NavAero Inc., Northrop Grumman Corp., Indra Sistemas S.A., and Lockheed Martin Corp. are significant players in the worldwide air traffic control market.