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The Air Traffic Market is segmented by Domain (Air Traffic Control, Air Traffic Flow Management, Aeronautical Information Management), Component (Hardware, Software), and Geography.
Fastest Growing Market:
The air traffic management market is expected to register a CAGR of more than 10%, during the forecast period.
The report includes the following aspects:
|Air Traffic Control|
|Air Traffic Flow Management|
|Aeronautical Information Management|
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In segmentation by component, hardware segment had the highest share in the market in 2018. Construction of new airports and the expansion of existing airports have generated the demand for air traffic management hardware, all around the world. For instance, most of the airports in the United States, which is the largest aviation market in the world, are old and need to be upgraded. Also, the equipment procurement contracts for the Next Generation Air Transportation System (NextGen), an ongoing modernization project of the US National Airspace System (NAS) has also been a key revenue generator for the segment. Furthermore, the necessity to modernize the air traffic control infrastructure in several airports, globally, has been yet another demand generator for the market. However, during the forecast period, the software segment is expected to grow with the highest CAGR. Increasing automation in air traffic management and the development of next-generation innovative cloud architecture for air traffic management are expected to drive the growth of the software segment in the years to come.
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In 2018, Asia-Pacific was the largest market for air traffic management. Passenger traffic in the region has been growing rapidly, demanding the airlines to introduce new routes and increase their fleet. The region recorded a 9.5% passenger traffic (RPK) increase in 2018, which is the highest in the world. The demand for new airports and the modernization of existing airports in the region are generating demand for the market. Currently, China and India are two of the fastest-growing aviation markets in the world. To cope with the growing passenger traffic, China plans to build 74 new civil airports by 2020. India, on the other hand, announced plans to construct about 100 new airports with an investment close to USD 60 billion in the next 10-15 years. Construction of new airports is expected to be one of the main reasons for the high demand for air traffic management infrastructure in the region, in the coming years. The growth of aviation in these countries are demanding better airport infrastructure and better air traffic management as well. Due to these reasons, Asia-Pacific is expected to continue to lead the market during the forecast period. Europe closely follows Asia-Pacific, in terms of passenger traffic growth, with 7.5% passenger traffic (RPK) increase in 2018. It is projected that about 20 of the biggest airports in Europe will be saturated by 2030, and expansions of these airports or the construction of new airports should help the region accommodate the rising passenger numbers. Thus the market in this region is also projected to grow at a high pace, after Asia-Pacific, in the years to come.
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Adacel, SITA, Northrop Grumman Corporation, Honeywell International Inc., and Thales Group are some of the prominent players in the market. The market is fragmented, mainly due to a number of software providers for air traffic management. The growth of the players in this market can be through strategic partnerships and expansion to regions, like the Asia-Pacific, where the market seems to be of high potential in the coming years.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Air Traffic Control
5.1.2 Air Traffic Flow Management
5.1.3 Aeronautical Information Management
5.3.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 Latin America
18.104.22.168 Rest of South America
5.3.5 Middle East & Africa
22.214.171.124 United Arab Emirates
126.96.36.199 Saudi Arabia
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.2 Advanced Navigation and Positioning Corporation
6.2.3 BAE Systems PLC
6.2.5 Honeywell International Inc.
6.2.6 L3 Technologies Inc.
6.2.7 Indra Sistemas SA
6.2.8 Raytheon Company
6.2.9 Saab AB
6.2.10 Thales Group
6.2.11 Northrop Grumman Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
* List Not Exhaustive