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North American Air Traffic Management Market revenue to hit $2.5 Bn by 2027
Published Date: 2021-07-06
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North American Air Traffic Management Market size is set to cross USD 2.5 billion by 2027, according to a latest forecast report by Graphical Research.
Significant improvements in technologies and manufacturing processes are supporting the growing market for air traffic management systems in North America. The key factors contributing to the market growth also include the construction of new airports and the existing ATM system upgrades. Rising disposable income and time crunch are encouraging passengers to opt for air travel to domestic destinations, creating a robust demand for air traffic management systems on airports.
Strong support from regulatory authorities is propelling the ATM market size in North America. The Federal Aviation Administration (FAA) along with other regulatory bodies in the North American countries are responsible for overseeing the operations of air traffic management across the region. These authorities focus on providing customers improved air traffic management facilities owing to the increased air passenger demand. For instance, in 2018, the Air Traffic Organization (ATO) by the FAA delivered service to around 44,000 flights per day. It also handled over 2.7 million air passengers per day.
Browse detailed statistical insights from the report, “North America 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 (U.S. and Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The novel coronavirus caused a dip in the market revenues of air traffic management systems on account of reduced air traffic and grounding of all commercial & civil aviation operations. The U.S. and Canada faced a severe impact of the pandemic with a huge loss of lives and economic recession. Government authorities restricted movement with stringent regulations on domestic and international flights, affecting the market size.
The implementation of new and advanced air traffic control systems to cater to the growing congestion in airspace is supporting the market demand. For instance, in April 2019, Sunhillo and Frequentis partnered to develop a UAS-connector system to connect UAV pilots with air traffic control units. The installation of innovative equipment and the advancement of microelectronics for air traffic management will propel the market size over the forecast timeframe.
The market for air traffic management systems in North American 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:
North America Market, By Component
North America 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:
- North America