Global Air Traffic Management (ATM/CNS) System Market Size to Grow at a CAGR of 10.60% in the Forecast Period of 2023-2028
The ‘Global Air Traffic Management (ATM/CNS) System Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global air traffic management (ATM/CNS) system market, assessing the market on the basis of its segments like offering, application, operation, airport size, sector, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Air Traffic Management (ATM/CNS) System Market Size, Share, Trends, Industry, Key Player, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 10.60%
The air traffic management (ATM/CNS) system market is observing a rapid growth owing to the rising number of airplane passengers in the developed and developing economies. Increasing population and rise in disposable income is yet another factor surging the growing number of air passengers. With the increase in air passengers, more flights are being operated and scheduled, requiring effective air traffic management to prevent accidents and facilitate timely flights.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/air-traffic-management-atm-cns-system-market/requestsample
Instalment of various security and communication systems such as surveillance radars and air traffic control towers are taking place in airports in order to prevent unwanted and suspicious activities such as theft, hijacking, and accidents. Improved safety measures help authorities gain the trust of the travellers and reduce undesirable events which is expected to fuel the demand for air traffic management all across the globe fuelling the growth of the air traffic management (ATM/CNS) system market.
Due to increasing number of flights, new medium and large sized airports are opening up all across the globe. Large sized airports tend to become overcrowded which is why now people are preferring to travel using medium sized airports. Accordingly, medium sized airports are working towards improving their operations and reducing costs which is subjected to enhance the demand for the air traffic management (ATM/CNS) system market from the medium sized airports.
Air Traffic Management (ATM/CNS) System Industry Definition and Major Segments
Air traffic management (ATM) and communication, navigation, and surveillance (CNS) systems are used to support seamless management of aircraft traffic. They are used to control the traffic in air by guiding the arrival and departures of aircrafts from the aerodromes, airports, and ports and also assisting aircrafts in the transit airspace. Some systems in the air traffic management require manual handling while others can be automated.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/air-traffic-management-atm-cns-system-market
Based on offering, the market is segmented into:
- Encoders and Decoders
On the basis of application, the market is classified into:
Based on operation, the market is divided into:
- Approach (APP)
- Tower (TWR)
On the basis of airport size, the market is categorised into:
Based on sector, the market is bifurcated into:
- Military and Defence
On the basis of region, the market is classified into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Air Traffic Management (ATM/CNS) System Market Trends
The key trends in the global air traffic management (ATM/CNS) system market include the developments that are being carried out in advanced technologies such as machine learning and automation. They are expected to reduce the need for the manual air traffic management along with reduce any chances of error thereby supporting high volume air traffic. This can pave a way for the overall air traffic management market to grow substantially in the forecast period.
Improvement in the technologies to increase the speed and efficiency of air traffic management is expected to enhance the growth of the market. With better efficiency in air traffic navigation and surveillance, and speedy communication with other pilots, staff, passengers or other members and a better visibility of the aircrafts at the airports, airport standards can be improved.
North America is expected to hold a larger share in the air traffic management (ATM/CNS) system market owing to the early adoption of new technologies to enhance the airport operations in the region. The rapid growth in the frequency of flights to cater to both international and domestic passenger movements has increased the demand for air traffic management systems at airports in North America.
Key Market Players
The major players in the global air traffic management (ATM/CNS) system market report are:
- Adacel Technologies Limited
- BAE Systems plc
- Frequentis AG
- Leonardo S.p.A.
- Harris Corporation
- Indra Sistemas S.A.
- Raytheon Technologies Corporation
- Saab AB
- Searidge Technologies
- Northrop Grumman Corporation
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Anisha Luccas, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA