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Future Growth Potential is Enhanced by Growth Opportunities in ATM
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After the downturn caused by the COVID-19 pandemic, the global commercial air traffic management (ATM) market will witness growth due to the rising adoption of automation and digital technologies, including remote towers, predictive technologies, and artificial intelligence (AI). The growing pressure to handle heavy air traffic is driving air navigation service providers’ (ANSP) spending on the overall modernization of ATM infrastructure. Worth $3.58 billion in 2019, revenue is expected to reach $4.89 billion in 2027, at a compound annual growth rate (CAGR) of 4.0% (however, revenue trajectory will vary by segment).
This Frost & Sullivan research service on the commercial ATM market encompasses communication, navigation, surveillance, automation, and simulation systems. The study covers the global market and provides an 8-year forecast. Market forecast is based on the rate at which ATM systems are adopted by various airport tiers and area control centers (ACCs).
The study also examines the following areas:
In addition, the research service presents the strategies of incumbents, growth drivers and restraints, and industry challenges (including the effect of both unmanned aerial vehicles (UAVs) and urban air mobility (UAM) on the ATM market). The study discusses the impact of emerging ATM markets such as China and Russia and analyzes evolving opportunities and threats for incumbents. It provides the market share of key participants, including Indra, L3Harris, Frequentis, Leidos, Thales, and FLYHT.
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Author: Jonathan Norman
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