Market Size of Europe Air Traffic Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.87 Billion |
| Market Size (2029) | USD 5.91 Billion |
| CAGR (2024 - 2029) | 8.82 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Air Traffic Management Market Analysis
The Europe Air Traffic Management Market size is estimated at USD 3.87 billion in 2024, and is expected to reach USD 5.91 billion by 2029, growing at a CAGR of 8.82% during the forecast period (2024-2029).
Growth in demand for air travel within the European region and the increasing number of aircraft acquisitions by various airline companies in the region will bolster the growth in the market during the coming years. The European Organization for the Safety of Air Navigation, EUROCONTROL develops, coordinates, and plans to collectively implement short-, medium-- and long-term pan-European air traffic management strategies and their associated action plans.
Rising aerial connectivity will lead to growth in the number of new routes and an increase in flight movements within the region, thereby driving growth in the market. Moreover, new airport constructions and expansions will also lead to a rise in the acquisition of more advanced air traffic management systems going forward. On the other hand, operational challenges and various unprecedented factors will hamper the market in the long run.
