Europe Air Traffic Management Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.87 Billion |
| Market Size (2029) | USD 5.91 Billion |
| CAGR (2024 - 2029) | 8.82 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Air Traffic Management Market Analysis
The Europe Air Traffic Management Market size is estimated at USD 3.87 billion in 2024, and is expected to reach USD 5.91 billion by 2029, growing at a CAGR of 8.82% during the forecast period (2024-2029).
Growth in demand for air travel within the European region and the increasing number of aircraft acquisitions by various airline companies in the region will bolster the growth in the market during the coming years. The European Organization for the Safety of Air Navigation, EUROCONTROL develops, coordinates, and plans to collectively implement short-, medium-- and long-term pan-European air traffic management strategies and their associated action plans.
Rising aerial connectivity will lead to growth in the number of new routes and an increase in flight movements within the region, thereby driving growth in the market. Moreover, new airport constructions and expansions will also lead to a rise in the acquisition of more advanced air traffic management systems going forward. On the other hand, operational challenges and various unprecedented factors will hamper the market in the long run.
Europe Air Traffic Management Market Trends
Air Traffic Flow Management Segment Will Showcase Remarkable Growth During the Forecast Period
The air traffic flow management segment is anticipated to show significant growth in the European air traffic management market. Increasing demand for air travel coupled with the growing number of commercial aviation operations are the major factors driving the need for more advanced air traffic management services during the forecast period.
In recent years, the aviation industry in Europe has witnessed noteworthy growth in terms of aviation operations as well as an increase in the number of air passenger traffic. Furthermore, the growth in aviation operations has led to the rise of various airline companies within the region, adding newer destinations to its operating routes and eventually leading to an increase in commercial aviation acquisitions in the coming years. For instance, in September 2023, British Airways announced that they had finalized a deal to acquire six new Boeing 787-10. Moreover, the company converted the optional 10 Airbus A320neo orders into firm orders at the beginning of 2023.
Furthermore, the growing air traffic at various airports in recent years has created bottlenecks, stimulating growth in airport expansion/construction projects. For instance, in June 2023, Kaunas Airport in Lithuania announced international bids for two major expansion projects: the passenger terminal and the northern apron of the airport. Moreover, the expansion project will include dismantling the eastern and western facades of the airport and adding two extensions. The extensions will be made in the baggage reclaim areas accompanied by technical modernization. Thus, the growth in air travel demand within the region, coupled with the growing number of airport expansion projects to handle the traffic flow, will generate noteworthy market growth during the forecast period.
The United Kingdom Dominates the Market During the Forecast Period
The UK held the highest market shares and is expected to continue its domination during the forecast period. Growing demand for air travel and several airport construction projects to meet future air traffic management demands will bolster the market's growth during the forecast period. The UK has witnessed notable growth in its aviation industry in recent years. This growth has increased the demand for effective air traffic management at various airports within the country. As of the current scenario, airports such as London Heathrow Airport, Gatwick Airport, Stansted Airport, Luton Airport, and Southend Airport are considered the significant airports handling more passengers within the country.
The substantial recovery in the aviation industry in the UK has also led to various airports increasing their expansion/construction projects to provide smoother air traffic management in the near future. For instance, in June 2023, Heathrow Airport, which is situated in London, announced that it plans to construct a third runway following the rebound of international air traffic. In addition, the project and its associated new west terminal will help to facilitate an additional 260,000 flights annually from the airport.
Thus, the growth in the number of airport expansion/construction projects and the substantial recovery of the aviation industry within the country will generate a positive market outlook and also lead to significant market growth during the forecast period.
Europe Air Traffic Management Industry Overview
The Europe air traffic management market is fragmented, with various players dominating the market. Some of the major players in the European air traffic management market are BAE Systems plc, Honeywell International Inc., RTX Corporation, Saab AB, and SITA.
The major players in the market are focusing on developing sophisticated air traffic management systems and integrating such systems with AI-based technology to improve efficiency and enhance the speed of accessing essential data. Furthermore, the key players are also expected to benefit from partnerships with local producers of ATM systems, parts, components, and third-party software manufacturers.
Europe Air Traffic Management Market Leaders
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Honeywell International Inc.
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RTX Corporation
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Saab AB
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SITA
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BAE Systems plc
*Disclaimer: Major Players sorted in no particular order
Europe Air Traffic Management Market News
In April 2023, DFS Aviation Services, a subsidiary company of the air navigation service provider DFS Deutsche Flugsicherung, announced that they had signed a Memorandum of Understanding (MOU) with the Civil Aviation Authority of Singapore (CAAS) for stepping up its collaboration to improve performance in air traffic management due to the growing number of air traffic passengers between the two countries.
In December 2022, THALES and DSNA, an air navigation service provider, announced that they had successfully implemented the next-generation air traffic control system, 4-Flight. Moreover, the system has been designed to manage high-density airspace and has been implemented in airports in France, such as Marseilles and Reims.
Europe Air Traffic Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Domain
5.1.1 Air Traffic Control
5.1.2 Air Traffic Flow Management
5.1.3 Aeronuatical Information Management
5.2 Component
5.2.1 Hardware
5.2.2 Software
5.3 Geography
5.3.1 United Kingdom
5.3.2 France
5.3.3 Germany
5.3.4 Italy
5.3.5 Spain
5.3.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Adacel Technologies Limited
6.2.2 ANPC
6.2.3 BAE Systems plc
6.2.4 Leidos Holdings, Inc.
6.2.5 Honeywell International Inc.
6.2.6 Indra
6.2.7 RTX Corporation
6.2.8 Saab AB
6.2.9 THALES
6.2.10 SITA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Air Traffic Management Industry Segmentation
Air traffic management (ATM) encompasses all systems that assist an aircraft in departing from an airport, transiting airspace, and landing at a destination airport. Moreover, a safe and environmentally sustainable air navigation system is required to maintain airport sustainability. This requires the implementation of the ATM system, which provides enhanced capabilities owing to modern technological advancements.
The Europe air traffic management market is segmented by domain, component, and geography. By domain, the market is segmented into air traffic control, air traffic flow management and aeronautical information management. By component, the market is segmented into hardware and software. By geography, the market is divided into the United Kingdom, France, Germany, Italy, Spain, and the Rest of Europe. For each segment, the market sizing and forecasts have been done based on value (in USD).
| Domain | |
| Air Traffic Control | |
| Air Traffic Flow Management | |
| Aeronuatical Information Management |
| Component | |
| Hardware | |
| Software |
| Geography | |
| United Kingdom | |
| France | |
| Germany | |
| Italy | |
| Spain | |
| Rest of Europe |
Europe Air Traffic Management Market Research FAQs
How big is the Europe Air Traffic Management Market?
The Europe Air Traffic Management Market size is expected to reach USD 3.87 billion in 2024 and grow at a CAGR of 8.82% to reach USD 5.91 billion by 2029.
What is the current Europe Air Traffic Management Market size?
In 2024, the Europe Air Traffic Management Market size is expected to reach USD 3.87 billion.
Who are the key players in Europe Air Traffic Management Market?
Honeywell International Inc., RTX Corporation, Saab AB, SITA and BAE Systems plc are the major companies operating in the Europe Air Traffic Management Market.
What years does this Europe Air Traffic Management Market cover, and what was the market size in 2023?
In 2023, the Europe Air Traffic Management Market size was estimated at USD 3.53 billion. The report covers the Europe Air Traffic Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Air Traffic Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Air Traffic Management Industry Report
Statistics for the 2024 Europe Air Traffic Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Air Traffic Management analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
