Europe Air Traffic Management Market – Growth, Trends, And Forecast (2020 – 2025)
Europe Air Traffic Management market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
Top Companies like Adacel Technologies Limited, Advanced Navigation and Positioning Corporation, BAE Systems PLC, Leidos Inc., Honeywell International Inc., Indra Sistemas SA, Raytheon Technologies Corporation, Saab AB, Thales Group, SITA
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Scope of the Report
The growth in demand for air travel and aerial connectivity in Europe have driven the airlines to introduce new routes and increase flight movements, to cater to its growing demand. New airport constructions and expansions are also helping the procurement of air traffic management systems.
The airport authorities of the European countries are focusing on upgrading the existing airport infrastructure, with new air traffic management systems, to provide more efficient air traffic services. Additionally, the increasing demand for reliable air traffic control operations and safety are some of the influencing factors for the market’s growth.
Key Market Trends
Enhanced Emphasis on Modernizing Aviation Infrastructure
The rapid growth in passenger traffic encouraged airlines to induct new aircraft into their active fleet, which resulted in an increased aircraft movement at an airports. To foster organic and sustainable growth, airports are adopting entrepreneurial and proactive measures, including the procurement of agile air traffic management systems to improve operational efficiency. Besides, the integration of satellite navigation systems onboard the aircraft enabled air traffic controllers to control all aspects of the flight of an aircraft, and help to assist the pilots whenever necessary, mainly to avoid mishaps or security breach events. Furthermore, the introduction of favorable aviation initiatives in the European Union (EU) are also fostering the growth of air traffic management systems in the region. For instance, the EU’s Single European Sky ATM Research (SESAR) technological program aims to improve the air traffic management (ATM) performance, by modernizing and harmonizing ATM systems within Europe. Under the Single European Sky initiative, the EU plans to reform the European ATM, in order to cater to the air traffic growth. The European Union and EUROCONTROL have each pledged EUR 700 million for the development of the project, which was valued at EUR 2.1 billion. Such developments are envisioned to drive the growth of the market studied during the forecast period.
United Kingdom to Retain its Dominant Market Share During the Forecast Period
With air passenger traffic anticipated to double by 2035, expansion plans are underway at nearly every major commercial airport in the United Kingdom. The UK government drafted its 2050 Aviation Strategy to support the growth of aviation in a sustainable manner, in order to minimize environmental impacts. The MAG-owned airports, especially the Manchester and London Stansted Airport, are forging ahead with construction projects, mainly to deliver increased capacity in a shorter timescale than at London Heathrow and Gatwick. While the Manchester Airports USD 1.3 billion Terminal 2 extension was partly completed in 2019, construction is underway for a new 200 m pier at the airport, which is scheduled to become fully operational in 2022. Meanwhile, the first phase of the USD 775 million transformation program at the Stansted Airport was completed in October 2018. The estimated completion date is 2021. Furthermore, London City and London Luton airport projects, which are valued over USD 1 billion in total are scheduled for completion in 2019 and 2020, respectively. Such programs are envisioned to drive the growth opportunities of the market in focus in the United Kingdom.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Europe Air Traffic Management Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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