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Europe Air Traffic Management Market Size (2024 - 2029)

The Europe Air Traffic Management Market is projected to experience significant growth over the forecast period, driven by increased demand for air travel and a rise in aircraft acquisitions by airline companies in the region. This expansion is supported by the efforts of EUROCONTROL in developing and implementing comprehensive air traffic management strategies. The market's growth is further fueled by the introduction of new routes and the construction and expansion of airports, which necessitate advanced air traffic management systems. However, the market may face challenges due to operational issues and unforeseen factors that could impact its long-term trajectory.

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Market Size of Europe Air Traffic Management Industry

Europe Air Traffic Management Market Summary
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

Europe Air Traffic Management Market 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 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
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Europe Air Traffic Management Market Size Summary

The European air traffic management market is poised for significant growth, driven by increasing demand for air travel and the expansion of commercial aviation operations within the region. The market is expected to experience a robust expansion over the forecast period, supported by the development and implementation of comprehensive air traffic management strategies by EUROCONTROL. The rise in aerial connectivity is anticipated to lead to the creation of new flight routes and an increase in flight movements, further propelling market growth. Additionally, the construction and expansion of airports are expected to drive the acquisition of advanced air traffic management systems, although operational challenges may pose long-term hurdles.

The UK is expected to maintain its dominant position in the European air traffic management market, supported by a substantial recovery in its aviation industry and numerous airport expansion projects. Major airports in the UK, such as London Heathrow and Gatwick, are enhancing their infrastructure to accommodate the growing air traffic. The market is characterized by fragmentation, with key players like BAE Systems, Honeywell International, RTX Corporation, Saab AB, and SITA focusing on developing sophisticated air traffic management systems integrated with AI technology. Collaborations and partnerships are also expected to play a crucial role in enhancing market offerings, as evidenced by recent agreements and implementations of next-generation air traffic control systems in various European airports.

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Europe Air Traffic Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Domain

      1. 2.1.1 Air Traffic Control

      2. 2.1.2 Air Traffic Flow Management

      3. 2.1.3 Aeronuatical Information Management

    2. 2.2 Component

      1. 2.2.1 Hardware

      2. 2.2.2 Software

    3. 2.3 Geography

      1. 2.3.1 United Kingdom

      2. 2.3.2 France

      3. 2.3.3 Germany

      4. 2.3.4 Italy

      5. 2.3.5 Spain

      6. 2.3.6 Rest of Europe

Europe Air Traffic Management Market Size FAQs

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.

In 2024, the Europe Air Traffic Management Market size is expected to reach USD 3.87 billion.

Europe Air Traffic Management Market Report Snapshots

Europe Air Traffic Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)