Air Traffic Management Market

Thales Group(France), Raytheon Technologies(US) and L3Harris Technologies are Leading Players in the Air Traffic Management Market

The air traffic management market is projected to grow from an estimated USD 9.7 billion in 2020 to reach USD 17.6 billion by 2025, at a CAGR of 12.6% during the forecast period. Air traffic management is the integrated management of air traffic and airspace safely, economically, and efficiently, through the provision of facilities and seamless services in collaboration with all parties. This operational concept defines 7 interdependent concept components that will be integrated to form the future ATM system. This comprises airspace organization and management, aerodrome operations, demand and capacity balancing, traffic synchronization, conflict management, airspace user operations, and ATM service delivery management The recommencement of global economic growth, an increase in number of passenger traffic, need of airspace management and modernization of air traffic management infrastructure are expected to drive the growth of the market.

Contracts are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the air traffic management market. In January 2020 Raytheon Technologies was selected by the US Federal Aviation Administration to improve the usability and reduce operational costs for the Standard Terminal Automation Replacement System (STARS). STARS is used by air traffic controllers across the US to provide safe and efficient aircraft spacing and sequencing guidance for more than 40,000 departing and arriving aircraft daily at more than 600 civilian and military airports.

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Key Players in the air traffic management market Thales Group(France), Northrop Grumman Corporation(US), Raytheon Technologies(US), Inc, BAE System PLC(UK), and L3Harris Technologies, Inc(US) are industry majors and have largely benefitted from their well-recognized brands, a wide range of products, and strong distribution capabilities in the air traffic management market. This is also confirmed by their growth rates, which have been very similar to that of the market. These companies offer their products, solutions, and services to various air navigation service providers, airport operators, and airlines. The products & services provided by these leading players play a vital role in various end uses, such as commercial and military.

Thales Group is a leading player in the air traffic management market. The Thales Group focuses on securing contracts to strengthen its position in the air traffic management market. The company has enhanced its revenue through contracts and strategic partnerships. In March 2020, The US Federal Aviation Administration (FAA) awarded Leidos and Thales a contract to supply up to 142 secondary surveillance radars for the Mode S Beacon Replacement System (MSBRS) contract. The company is working on globally leveraging the space-based Automatic Dependent Surveillance – Broadcast (ADS-B) service.

Raytheon Technologies is leading player in air traffic management market. It provides air traffic management solutions to more than 60 percent of the worlds airspace. The company has developed strong customer relationships, by partnering with potential customers and including them on Raytheon Six Sigma teams to improve its programs and overall business processes. In order to cut down costs, the company has implemented lean processes, undertaken strategic supply chain initiatives, and adopted Integrated Product Development System (IPDS), and other programs to enhance production capacities.

L3Harris Technologies, Inc play’s vital role in the air traffic management market. 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.

Related Reports:

Air Traffic Management Market by Airspace (Air Traffic Services, Flow Management, Airspace Management, Aeronautical Info Management), Offering, Application, Services, End Use, Investment Type, Airport type and Region - Global Forecast to 2025

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