APAC Air Traffic Management Market size is slated to surpass USD 2 billion by 2027, according to a latest forecast report by Graphical Research.
The growth of air traffic management industry size in Asia Pacific is attributed to increasing government initiatives for efficient operations and the functioning of communication, navigation, and surveillance. As per the ICAO (International Civil Aviation Organization), Asia Pacific is registering a rapid growth in terms of domestic and international air traffic. Moreover, according to the forecast by the IATA, India and China will account for around 45% of the total air passengers over the coming two decades.
The authorities of different countries in Asia Pacific are taking initiatives to counter the growing air traffic, thereby surging the market share in the region. In 2019, NATS developed the digital tower prototype for the Civil Aviation Authority of Singapore (CAAS) deployed at Changi airport, having a movement capacity of 58 million passengers. In July 2019, the Auckland airport undertook major road upgrades increasing accessibility and airport capacity. The construction firm, Downer, was selected for the project, initiated in August 2019.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
The COVID-19 health crisis has caused a recession in the global economy along with severe impacts on several industry sectors. The aviation sector in Asian countries, such as China and India, is adversely impacted due to the halting of all civil, commercial, and cargo airline operations. Major airports in India, China, and Japan have incurred losses due to ban on domestic and international flights. In this scenario, the market for advanced air traffic management systems and solutions witnessed a decline in 2020.
The software segment is expected to display a high growth potential in the air traffic management industry. Continuous advancement in hardware will pose a simultaneous requirement for software upgrades and establishment of compatible operating environment, driving the segment share. Several countries across the globe are implementing advanced software solutions for integrating and enhancing the functionality of ATM systems with more accuracy and clarity. For instance, in 2019, India centralized its ATFM systems to counter space crisis at airport terminals and reduce flight delays.
The APAC air traffic management market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Component
Asia Pacific Market, By System
- Air Traffic Control
- Airspace Management
- Air Traffic Flow Management
- Aeronautical Information Management
The above information has been provided for the following countries:
- Asia Pacific
- New Zealand