Air Traffic Management Market In Asia Pacific Region 2022: Highlights Recent Trends, Opportunities And Forecast To 2027

(MENAFN- Ameliorate Digital Consultancy)

Air traffic management market in Asia Pacific region to reach USD 2 billion by 2027. Emerging economies are likely to invest in technological advancements, robust programs and synchronizing plans to bolster air traffic management systems. Factors such as satellite navigations, time-based arrivals management, airborne reroute procedures and performance-based navigation will be prioritized in the coming years.

Government initiatives to streamline navigation, communication and surveillance are driving Air traffic management market in Asia Pacific region trends. According to the IATA forecast, India and China could account for around 45% of the total air passengers over the next two decades, while the number of passengers is likely to touch 8.2 billion by 2034 across Asia Pacific.

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With the demand for better management of airport traffic surging, industry participants are likely to invest in the surveillance system. For instance, Australia is investing in automatic dependent surveillance-broadcast (ADS-B) receiver stations and secondary surveillance radar (SSR). Meanwhile, in January 2021, the Airports Authority of India (AAI) deployed an ADS-B air traffic surveillance system across India's oceanic airspace. Air traffic management market in Asia Pacific region share from the surveillance hardware segment could witness a commendable gain by 2027, partly due to the deployment of a real-time air traffic surveillance system.

A plunge in demand for passenger air transport and containment measures dented the outlook of air traffic management. According to IATA, passenger air transport nose dived 90% year-on-year in April 2020. Besides, in June 2021, international traffic dropped 94.6% compared to June 2019. That said, recovery in domestic air travel in China, Australia and Japan has provided an impetus to ATM systems and solution providers. Further, Singapore has suggested timelines to open their borders without quarantine for vaccinated travelers.

The adoption of software solutions for integration and improvement of the functionality of ATM systems has augured well in the aviation sector. Notably, cloud computing is helping explore opportunities in a software-based interface in remote pilots, drones and regulatory systems to share real-time situational awareness and flight information. Software solutions are likely to be sought to manage traffic and drone flight paths for more clarity and accuracy.

Singapore has emerged as a lucrative destination for air traffic control management amidst the COVID-19 outbreak in Southeast Asia. Prominently, the Civil Aviation Authority of Singapore (CAAS) is contemplating the expansion of the air traffic control center. They have upped investments in air traffic management capabilities, auguring well for Air traffic management market in Asia Pacific region growth.

The competitive landscape of ATM industry in AP Air traffic management market in Asia Pacific region AC indicates a possible involvement in innovations, R&D and mergers & acquisitions. Some of the leading companies in the market include Leonardo S.p.A., Honeywell International Inc., Saab AB, Lockheed Martin Corporation, Thales Group, L3 Harris Technologies and Grumman Corporation.

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Although the aviation sector remains exposed to a potential resurgence of the pandemic, industry participants are expected to harness next-gen aviation technologies to bolster safety, provide cost savings and minimize emissions. Government priority to preserve business dynamics and missions aimed at bolstering green credentials will complement the industry growth. Not to mention, ATM solutions' capabilities to improve aircraft situational awareness, asset tracking and decision support analytical equipment will be a major revenue driver across the APAC market.

Table of Contents (ToC) of the report:

Chapter 4 Air traffic management market in Asia Pacific region, By Component

4.1 Air traffic management market in Asia Pacific region share, by product, 2020 & 2027

4.2 Hardware

4.2.1 Market estimates and forecast, 2015 – 2027

4.2.2 Communication

4.2.2.1 Market estimates and forecast, 2015 – 2027

4.2.3 Navigation

4.2.3.1 Market estimates and forecast, 2015 – 2027

4.2.4 Surveillance

4.2.4.1 Market estimates and forecast, 2015 – 2027

4.3 Software

4.3.1 Market estimates and forecast, 2015 – 2027

Chapter 5 Air traffic management market in Asia Pacific region, By System

5.1 Air traffic management market in Asia Pacific region share, by system, 2020 & 2027

5.2 Air traffic control

5.2.1 Market estimates and forecast, 2015 – 2027

5.3 Airspace management

5.3.1 Market estimates and forecast, 2015 – 2027

5.4 Air traffic flow management

5.4.1 Market estimates and forecast, 2015 – 2027

5.5 Aeronautical information management

5.5.1 Market estimates and forecast, 2015 – 2027

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