Asia-Pacific Air Traffic Management Market Research Report published by market insight reports explores the current outlook in Asia-Pacific and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the Asia-Pacific market, and divides the Market into several parameters.
This Air Traffic Management Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the Asia-Pacific market for approaching years from 2019 to 2025. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.
The Asia-Pacific air traffic management market is expected to register a CAGR of over 10% during the forecast period.
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The prominent players in the Asia-Pacific Air Traffic Management Market:
Adacel Technologies Limited, L3Harris Technologies Inc., SITA, Indra Sistemas SA, Thales Group, Metron Aviation, Inc (Airbus SE), Leidos, Honeywell International Inc. and Others.
Key Market Trends: –
Hardware Segment Held the Largest Market Share in 2019
The hardware segment in the Asia-Pacific air traffic management market accounted for a major share in 2019. The ongoing large-scale airport construction and expansion activities, especially in countries like China, India, Singapore, and Vietnam among others, have generated the demand for new air traffic management hardware. Asia-Pacific region is expected to witness the largest number of airport construction and expansion activities during the forecast period. In addition, several airports are also replacing aging hardware equipment with new advanced equipment to enhance the efficiency of air traffic management operations. The construction of new ATC towers during the forecast period will generate demand for ATC equipment. For instance, the construction of a new ATC tower in Kolkata airport, India, is expected to be completed before the end of 2020. However, the procurement and installation of communication, surveillance, and navigation equipment will be completed by 2021. _ Such developments are anticipated to drive the growth of this segment during the forecast period.
China is Expected to Dominate the Market During the Forecast Period
During the forecast period, China is projected to dominate the market and will register the highest CAGR. The country also accounted for the highest market share among the other countries in Asia-Pacific in 2019. Between 2014-2019, China invested around USD 70 billion towards developing ground infrastructure and modernizing airports and air traffic management systems. As per IATA, Chinas aviation sector is projected to surpass that of the US and become the worlds largest during the forecast period. Despite being equipped with some of the worlds largest airports, the Civil Aviation Administration of China (CAAC) aims to add another 215 to reach a target of 450 by 2035. China envisions to construct an average of 14 airports annually until 2035 to help in transforming the countrys aviation industry into a strategic asset of its economy. _The construction of new airports would facilitate the creation of new routes and induction of new aircraft fleet to address the additional passenger traffic. Such developments would bolster the adoption of sophisticated air traffic management systems to ensure high levels of safety and operational efficiency in the country.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Air Traffic Management Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Air Traffic Management Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
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Finally, the Air Traffic Management market report offers a complete and detailed study of Asia-Pacific Air Traffic Management market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.
Note: – All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.