Market Size of Asia-Pacific Air Traffic Management Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Air Traffic Management Market Analysis
The Asia Pacific air traffic management (ATM) market is anticipated to register a CAGR of more than 10% during the forecast period.
- The aviation sector across the Asia Pacific was severely impacted due to the COVID-19 pandemic. The government imposed strict regulations to control the spread of coronavirus, leading to supply chain disruptions, the shutdown of manufacturing plants, labor shortages, etc. The aviation sector in the Asia-Pacific faced challenges due to reduced air traffic and the shutdown of airport operations. The market showcased a strong recovery from the second half of 2020 due to increased air passengers and reduced government restrictions.
- The growth in the Chinese and Indian markets is projected to be the most significant driver for the Asia-Pacific air traffic management market. The rapid growth in passenger traffic in Asia-Pacific is attracting investments toward the market as airports increase their passenger and flight handling capacities in tandem with the increasing passenger influx.
- With the positive outlook of the aviation industry in Asia-Pacific in the next 10 years, airlines are increasing their fleet size to offer their services to more passengers by procuring more aircraft and adding more routes. This is increasing the number of flights to be handled by airports. As airspaces become busier, the necessity for better airspace management is increasing. In addition, the increasing emphasis on the modernization of the old ATM infrastructure is also driving the growth of the market in Asia-Pacific.
