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European Air Traffic Management Market size to cross $2 Bn by 2027
Published Date: 2021-07-06
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European Air Traffic Management Market size is projected to reach USD 2 billion by 2027, according to a latest forecast report by Graphical Research.
The Europe air traffic management industry size is driven by companies that provide customers with innovative products for enhancing their services. For instance, in March 2019, HENSOLDT and Raytheon Company announced the delivery of integrated air surveillance radars to customers including Deutsche Flugsicherung GmbH and Royal Netherlands Air Force. These systems replaced the aging radars and provided advanced air traffic control, proliferating the market growth.
Product developments along with technological advancements for air space management will escalate the industry growth in Europe over the forecast period. For instance, in May 2019, the Aviation Institute for Navigation Instrumentation and Russia’s Digital Radio Systems (CRTS) showcased a network of ground-based and airborne systems for monitoring and managing air traffic. This network of system includes small-scale air surveillance devices and navigation & landing systems that allow the development of new and improved aeronautical infrastructure for air traffic optimization.
Browse detailed statistical insights from the report, “Europe Air Traffic Management Market Forecast 2027 By System (Air Traffic Control, Airspace Management, Air Traffic Flow Management, Aeronautical Information Management), By Component (Hardware [Communication, Navigation, Surveillance], Software), Research Report, Regional Outlook (UK, Germany, France, Italy, Russia, Spain, Poland), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The rapid spread of the COVID-19 health crisis adversely impacted the market in European countries. Factors responsible for the slowdown in industry growth include grounding of all civil aviation activities and restrictions on international travel. The airports witnessed a severe loss of revenue during the first six months of 2020, which delayed the adoption of technologically advanced air traffic management solutions. The industry is expected to witness a steady growth with the reopening of the commercial aviation sector in the region.
The advancements in computing technologies along with enhanced system efficiency are estimated to significantly boost the market share of airspace management systems over the coming years. Several industry players are enhancing the efficiency of ATM systems and providing leading edge airspace management solutions for the market. These solutions improve the customer services with the reduction in environmental impact and lowering the cost. For instance, Graffica Ltd. developed the Airspace Management Support System for local and sub regional regions, improving the efficiency of airspace usage throughout Europe.
The market for air traffic management in European 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:
Europe Market, By Component
Europe 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: