世界の航空交通管理市場 - 成長、動向、予測
Air Traffic Management Market - Growth, Trends, and Forecast (2019 - 2024)
|発行||Mordor Intelligence LLP||商品コード||625935|
|出版日||ページ情報||英文 88 Pages
|世界の航空交通管理市場 - 成長、動向、予測 Air Traffic Management Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日: 2019年06月01日||ページ情報: 英文 88 Pages||
The market for Air-Traffic Management is expected to grow with a CAGR of more than 10% during the forecast period.
In segmentation by component, hardware segment has the highest share in the market in 2018. Construction of new airports and the expansion of existing airports have generated the demand for air traffic management hardware around the world. For instance, most of the airports in the US, the largest aviation market in the world, are old and need to be upgraded. Also, the equipment procurement contracts for the Next Generation Air Transportation System (NextGen), an ongoing modernization project of the United States' National Airspace System (NAS) has also been a key revenue generator for the segment. Also, the necessity to modernize the air traffic control infrastructure in several airports globally has been another demand generator for the market. However, during the forecast period, the software segment is expected to grow with the highest CAGR. Increasing automation in air traffic management and the development of next-generation innovative cloud architecture for air traffic management are expected to drive the growth of the software segment in the years to come.
In 2018, Asia Pacific was the largest market for air traffic management. Passenger traffic in the region has been growing rapidly, demanding the airlines to introduce new routes and increase their fleet. The region recorded a 9.5% passenger traffic (RPK) increase in 2018, the most in the world. The demand for new airports and the modernization of existing airports in the region are generating demand for the market. Currently, China and India are two of the fastest growing aviation markets in the world. To cope with the growing passenger traffic, China plans to build 74 new civil airports by 2020. India, on the other hand, announced plans to construct about 100 new airports with an investment of close to USD 60 billion in the next 10-15 years. Construction of new airports is expected to be one of the main reasons for the high demand for air traffic management infrastructure in the region in the coming years. Also, the growth of aviation in these countries are demanding better airport infrastructure and better air traffic management. Due to these reasons, Asia Pacific is expected to continue to lead the market during the forecast period. Europe closely follows Asia-Pacific in terms of passenger traffic growth, with 7.5% passenger traffic (RPK) increase in 2018. It is projected that about 20 of the biggest airports in Europe will be saturated by 2030, and expansions of these airports or the construction of new airports should help the region accommodate the growing passenger numbers. Thus the market in this region is also projected to grow at a high pace, after Asia-Pacific in the years to come.
Adacel, SITA, Northrop Grumman Corporation, Honeywell International, Inc., and Thales Group are some of the prominent players in the market. The market is fragmented, mainly due to a number of software providers for air traffic management. The growth of the players in this market can be through strategic partnerships and expansion to regions like the Asia Pacific, where the market seems to be of high potential in the years to come.