× Industry Reports Services Press Release Contact us About us

Asia Pacific Air Traffic Management Market Forecast 2027 By Component (Hardware [Communication, Navigation, Surveillance], Software), By System (Air Traffic Control, Airspace Management, Air Traffic Flow Management, Aeronautical Information Management), Research Report, Regional Outlook (China, India, Japan, Vietnam, Singapore, Australia, New Zealand), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: June 2021 | Publisher: Graphical Research Report ID: GR1878 | Delivery : PDF  Request Free Sample

Asia Pacific Air Traffic Management Market size crossed USD 1 billion in 2020 and is predicted to record a CAGR of around 4% from 2021 to 2027.

A rise in the number of air passengers has proliferated the market demand in Asia Pacific. Rapid development in emerging economies has increased the per capita income of individuals, improving their purchasing power. According to a report by the IATA, the number of passengers is expected to reach 8.2 billion in Asia Pacific by 2034. Additionally, the growing number of low-cost carriers has encouraged and allowed individuals to opt for air travel, increasing the number of air passengers in the region.

Asia Pacific Air Traffic Management Market, By Region

Get more details on this report - Request Free Sample PDF

Countries in Asia Pacific are investing in different programs, technological advancements, and synchronizing plans for enhancing the operations of ATM systems. ATM practices including dynamic airborne reroute procedures, time-based arrivals management, user preferred routes, reduced separations, performance-based navigation, and satellite navigations have proliferated the market share in the region. Increasing number of airport construction activities along with upgrading of existing airports will drive the industry growth.

The market for air traffic management in Asia Pacific witnessed severe impacts of the COVID-19 health crisis during 2020. Several countries completely banned air travel from China due to the origin of the virus in the country. Similarly, the imposition of strict lockdown and restrictions on domestic and international air travel in India and Japan, hampered the industry size. The ATM market in Asia Pacific is anticipated to witness a steady growth with gradual stabilization of the civil aviation industry in the region.

Increasing investments, liberalization of regulations, and airspace co-ordination are among the major drivers propelling the air traffic management market in Asian countries. The Asia Pacific region gained an investment of over USD 30 billion between 2016 and 2019 for the development of aerospace and civil aviation sectors. Policies, such as 100% FDI in aviation under automatic routes, were introduced in India in 2018 and are supporting the market development of air traffic management systems.

Asia Pacific Market, By Component

The components required for air traffic management systems are distributed by number of hardware and software providers. The component segment is anticipated to have high growth potential in the market during the forecast timeframe due to the increasing demand for technologically advanced ATMs. The modernization of airports along with the rising airspace congestion and subsequent demand for advanced air traffic infrastructure is the key feature boosting the growth of the market.

The surveillance segment will display a strong growth through 2027 due to the growing requirements for better management of traffic at airports. The industry players are engaged in partnerships, collaborations, and agreements to install technologically advanced air traffic surveillance systems at airports. In July 2019, the Airport Authority of India signed a contract with Aireon LLC to install air traffic surveillance services in Mumbai, Kolkata, and Chennai ocean airspaces to cover an area of over six million square kilometers.

Competitive Industry Landscape

Some of the market leaders operating in Asia Pacific are Saab AB, Leonardo S.p.A, Frequentis AG, L3 Harris Technologies, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, and Honeywell International Inc.

Partnerships and collaborations are among the key strategies adopted by market players to enhance their market share and gain a competitive advantage. For instance, in May 2018, Saab AB partnered with Airservices Australia to install Aerobahn in Brisbane, Perth, Melbourne, and Sydney. Aerobahn is a collaborative decision-making platform that helps airports to improve their operating efficiency.
 

Frequently Asked Question(FAQ) :

The market for air traffic management in Asia Pacific registered USD 1 billion in annual revenue during 2020 and could grow at a 4% CAGR up to 2027.
Robust economic growth, increasing per capita income levels, and the subsequent rise in the number of air passengers is propelling Asia Pacific traffic management industry forward.
The surveillance segment of Asia Pacific market could record substantial gains due to the need for better management of traffic at airports.
The industry for air traffic management in Asia Pacific is comprised of major aerospace technology firms including Lockheed Martin Corporation, Honeywell International Inc., Thales Group, Northrop Grumman Corporation, Leonardo S.p.A, L3 Harris Technologies, and Saab AB, among others.

Premium Report

Have questions?
  • Inquire Before Buying
  • Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team

     1-800-986-6917

     [email protected]