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Air Traffic Management Market Worth 97.30 Billion USD by 2022


News provided by

MarketsandMarkets

27 Jan, 2017, 09:30 GMT

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PUNE, India, January 27, 2017 /PRNewswire/ --

The report "Air Traffic Management Market by Domain (ATC, ATFM, AIM), End-Use (Communication, Navigation, Surveillance, Automation & Simulation), Investment Type (Greenfield, Brownfield), Airport Class (A,B,C,D), System & Region - Global Forecast to 2022", published by MarketsandMarkets, the market is projected to grow from USD 50.01 Billion in 2016 to USD 97.30 Billion by 2022, at a CAGR of 11.73% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )


Browse 114 market data Tables and 60 Figures spread through 202 Pages and in-depth TOC on "Air Traffic Management Market"

http://www.marketsandmarkets.com/Market-Reports/air-traffic-management-market-160955838.html

Early buyers will receive 10% customization on this report.

Increase in airspace congestion and collective efforts to reduce fuel emission is anticipated to drive the air traffic management market. In addition, modernization of existing airports and construction of new Greenfield airports is expected to fuel the growth of the air traffic management market.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=160955838

Among domains, the Air traffic Control (ATC) segment is projected to lead the air traffic management market during the forecast period 

Based on domain, the Air Traffic Control (ATC) segment is expected to account for the largest share of the air traffic management market in 2016. Increasing air traffic and airspace congestion, and need for advanced capabilities of the existing airspace are the major factors contributing to the growth of the ATC segment of the air traffic management market.

Based on end-use, the communication segment of the air traffic management market is projected to grow at the highest CAGR from 2016 to 2022 

Based on end-use, the air traffic management market has been segmented into communication, navigation, surveillance, and automation & simulation. The communication segment of the air traffic management market is projected to grow at the highest CAGR during the forecast period. The growth of the communication segment can be attributed to the increasing demand for emerging technologies of datalink communications such as voice recognition control, and digital voice aeronautical telecommunications (ATN) network, among others.

North America is estimated to account for the largest share of the air traffic management market during the forecast period 

North America is estimated to lead the air traffic management market during the forecast period, owing to technological advancements in air traffic management systems and various initiatives taken by the FAA (U.S.) and Nav Canada (Canada) to reduce environmental impact of the aviation industry. North America is focusing on the implementation of latest air traffic management technologies to make air travel safer and efficient. These initiatives such as Next Generation Air Transportation System Program (by FAA) and Collaborative Initiatives for Emissions Reductions (By Nav Canada) are expected to lead to modernization of existing airports with latest air traffic management technologies, thus driving the growth of the market in the region.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=160955838

The Raytheon Company (U.S.), Indra Sistemas S.A. (Spain), Thales Group (France), Harris Corporation (U.S.), Saab AB (Sweden), and Honeywell International (U.S.), among others, are the key players in the air traffic management market.

Browse Related Reports 

Air Traffic Control (ATC) Equipment Market by Sector (Commercial, & Defense), Type (Communication, Navigation, & Surveillance), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/air-traffic-control-equipment-market-159216929.html

Air Data Systems Market by End User (Civil and Military), Aircraft Type (NBA, WBA, RTA, VLA, UAV, RWA, Military Aircraft, General Aviation, and Fighter Jet), Component (Electronic Unit, Probes, and Sensors) and Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/air-data-systems-market-24300401.html

Subscribe Reports from Aerospace and Defence Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp


About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


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Markets and Markets
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