Market Size of Air Traffic Management Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 10.85 Billion |
| Market Size (2029) | USD 14.77 Billion |
| CAGR (2024 - 2029) | 6.36 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Air Traffic Management Market Analysis
The Air Traffic Management Market size is estimated at USD 10.85 billion in 2024, and is expected to reach USD 14.77 billion by 2029, growing at a CAGR of 6.36% during the forecast period (2024-2029).
- Growth in commercial aviation operations coupled with a growing focus on improving air safety globally are some of the factors that are anticipated to lead the market to witness significant growth in the future. Moreover, growth in the modernization of air traffic management infrastructure is also one of the major factors that will lead to the market witnessing substantial growth during the forecast period.
- However, stringent regulatory norms that are associated with aircraft operation coupled with higher costs of acquisition of air traffic management equipment will hamper the growth of the market in the long run.
- Nevertheless, various advancements in unmanned air traffic management, as well as the growing role of digitalization in aviation operations, will lead to the generation of newer business opportunities for the market players.
