The Global Air Traffic Management Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.01% from 2018 to 2025. In 2017, the global market valuation was USD 13.9 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The growth of the generator sales market can be attributed to the increasing air traffic in Asian countries due to tourism and business activities, new airport infrastructure development activities, rising air traffic traveler in coming years are the key pointers will drive the market during the forecast years. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global air traffic management market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global air traffic management market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Component Analysis: based on component, the global air traffic management market has been segmented into two types one is Hardware and second is Software. The Software segment is projected to lead the market segment in global industry in next six years forecast period in terms of value and demand owing to increasing automation in air traffic management and reduce cost and time, which will require advanced software algorithms. The hardware segment will show significant growth during the forecast period.
By End Use Insights: basis on end use, the worldwide air traffic management market is divided into subdivision such as Commercial, Tactical. In 2018 the commercial segment is hold largest market share and is anticipated to its continue dominance during the forecast period owing to higher commercial air traffic and extensive use of air traffic management systems for day to day commercial air travel, along with timely upgradations of these systems are the drivers for the commercial segment. The tactical segment will show significant growth during the forecast period.
The global air traffic management market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2018, Asia Pacific held the largest share of the global market and will expand at the highest CAGR rate during the forecast years because of tourism and business activities, new airport infrastructure development activities, rising air traffic traveler in coming years. China and India has the largest market for this technology in the region owing to increasing air passenger, high growth in tourism industry, upgradation of old airport and new investment coming in aviation sector and government support which will show positive sign in regional growth in coming years. North America and Europe will show significant and healthy growth activities in region because of modernization of airlines, new infrastructure and advance technological achievement.
Global Air Traffic Management Market Size, Share Analysis By Region 2017
Global Air Traffic Management Market Study Objective
1. To forecast the market size of air traffic management market, along with describing and defining the market, in terms of volume and revenue.
2. Market analysis and forecast of air traffic management market on the basis of region, substrate and application or end-use industry.
3. To analyze and elaborate significant factors that will have major impact on the growth of air traffic management market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of air traffic management market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the air traffic management market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions
Major Key manufacture or prominent key players in the global market are Thales Group, Raytheon Company, Indra Sistemas, S.A., Harris Corporation, Northrop Grumman Corporation, Honeywell International, Inc., BAE Systems PLC, and Saab AB, among others. New investment, research and development and technology upgradation will boost the industry throughout forecast years.
Global Air Traffic Management Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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