New York, According to a new market research report published by Global Insight Services “Air Traffic Management and Consulting Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Air traffic management (ATM) is the science of organizing and directing the movement of aircraft in order to avoid collisions and maximize efficiency. It is a critical element of aviation safety and efficiency, and includes both ground-based and airborne components.
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Key Trends
The development of Air Traffic Management (ATM) and Consulting technology is driven by the need to improve the efficiency of the air traffic system, while reducing the environmental impact of aviation. The ATM system is a complex network of systems and equipment that must operate in harmony to provide safe and efficient air traffic control.
One key trend is the development of Automatic Dependent Surveillance-Broadcast (ADS-B) technology. ADS-B is a cooperative surveillance technology that uses aircraft transponders to automatically transmit their precise location, altitude, and velocity data to ground stations and other aircraft equipped with ADS-B receivers.
Another key trend is the development of NextGen, a new ATM system being implemented in the United States. NextGen will use a variety of new technologies, including ADS-B, to provide more efficient and safe air traffic control.
The trend toward greater automation and integration of ATM systems will continue in the future as the demand for efficient and safe air traffic control increases.
Key Drivers
There are various key drivers of Air Traffic Management and Consulting market.
Firstly, the increasing demand for air travel is one of the major drivers for this market. With the growing global economy, there has been a significant increase in the number of people travelling by air. This has resulted in an increased demand for air traffic management services.
Secondly, the need for efficient and safe air traffic management is another key driver for this market. With the increasing number of aircrafts and flights, there is a need for efficient air traffic management to ensure the safety of passengers and crew.
Market Segments
The Air Traffic Management and Consulting Market is segmented by airspace, offering, application and region. By airspace, the market is divided into air traffic services, flow management, airspace management and aeronautical info management. Based on offering, it is segmented into hardware, software & solutions. On the basis of application, it is bifurcated into communication, navigation, surveillance and automation. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Air Traffic Management and Consulting Market includes players such as Honeywell International Inc., Northrop Grumman Corporation, Searidge Technologies, Harris Corporation, Raytheon Company, BAE Systems PLC, Saab AB, Thales Group, Indra Sistemas S.A. and Lockheed Martin Corporation.
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Reasons to buy Air Traffic Management and Consulting Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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