Market Leader - Air Traffic Management Market
MarketsandMarkets: The Air Traffic Management Market is estimated to be USD 8.0 billion in 2022 and is projected to reach USD 11.8 billion by 2027, at a CAGR of 8.1% from 2022 to 2027. The market is driven by factors such as rise in global focus on improving air safety, modernization of air traffic infrastructure, etc.
Raytheon Technology Corporation (US), Indra Sistemas, S.A. (Spain), L3Harris Corporation, Inc. (US), Thales Group (France), Honeywell International, Inc. (US), Northrop Grumman Corporation (US), Advanced Navigation and Positioning Corporation (US), and Saab AB (Sweden) are the key manufacturers of ATM systems in the North American and European regions. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Middle East, and Rest of the World.
Raytheon Technology Corporation: The company has a unique value of driving profitable growth through R&D and technological excellence by monitoring the requirements of its principal customers that offer huge funding and investments in developing technologies and systems used for air traffic management solutions.
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L3harris Technologies: L3harris Technologies, Inc. provides air traffic management solutions to enable customers to integrate and manage complex programs, including FAA, other civil and military ANSPs, airports, airlines, and system integrators. The company is a prime contractor and system architect for the FAA Telecommunication Infrastructure (FTI) program, which is responsible for integrating, modernizing, and maintaining the communication infrastructure for the US air traffic management system.
Indra Sistemas, S.A..: Indra Sistemas, S.A. is a leading provider of ATM solutions with a strong distribution and service network. One of the key strategies adopted by the company is the in-house development of technologies and solutions instead of outsourcing to third parties.
Thales Group: It has become one of the top players in the Air Traffic Management Market owing to its product offerings and global presence, with major competitors such as General Dynamics Corporation (US), Honeywell International Inc. (US), L3Harris Technologies (US), etc. The company has a presence in the US, Canada, Asia, Europe, South America, and Australia.
General Dynamics Corporation: General Dynamics Corporation has built a strong culture among distributors and dealers. Dealers not only promote the company’s products but also invest in training the sales team to explain to the customers how they can extract the maximum benefits out of the products. Over the years, it has invested in building a strong brand portfolio.
Related Reports:
Air Traffic Management Market by Application (Communication, Navigation, Surveillance, Automation), End Use (Commercial, Military), Airspace, Investment Type, Offering, Service, Airport Size and Region - Global Forecast to 2027
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