Airspace And Procedure Design Market Size

Statistics for the 2023 & 2024 Airspace And Procedure Design market size, created by Mordor Intelligence™ Industry Reports. Airspace And Procedure Design size report includes a market forecast to 2028 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Airspace And Procedure Design Industry

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Airspace And Procedure Design Market Summary
Study Period 2018 - 2028
Market Size (2024) USD 10.21 Billion
Market Size (2029) USD 13.17 Billion
CAGR (2024 - 2029) 5.27 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Airspace And Procedure Design Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Airspace And Procedure Design Market Analysis

The Airspace And Procedure Design Market size is estimated at USD 10.21 billion in 2024, and is expected to reach USD 13.17 billion by 2029, growing at a CAGR of 5.27% during the forecast period (2024-2029).

  • According to the latest updates from the International Air Transport Association (IATA), global air passenger traffic during 2023 was at 94.1% of pre-pandemic levels in 2019. while international traffic witnessed a YoY growth of 41.6% during 2023, domestic traffic grew by 30.4% during the same timeframe. 
  • The growth in passenger traffic over the past few years has led governments and airport authorities to invest in expanding their existing airport infrastructure and constructing new airports to increase their passenger handling capacities. This is expected to drive the market's growth during the forecast period.
  • In addition, the airlines and airport operators also invest in the modernization of air traffic management infrastructure and automation of existing equipment, which will accelerate the market growth in the coming years.
  • However, the risk of cyber attacks is a significant threat to the growth of the airspace and procedure design market.

Airspace and Procedure Design Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)