The Middle-East and Africa Air Traffic Management Market Report Forecast 2021 – 2025 offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally, the report also includes a SWOT analysis that concludes the strengths, weaknesses, opportunities, and threats impacting the segments of the overall market. The report also takes into account the impact of the COVID-19 and also forecasts its recovery post-COVID-19.
The Middle-East and Africa air traffic management market is projected to grow at a CAGR of over 4% during the forecast period.
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Top Key Players in the Middle-East and Africa Air Traffic Management Market: Sistemas SA, Thales Group, Honeywell International Inc., Elbit Systems Ltd., Leonardo S.p.A., and Rostec State Corporation.
Key Market Trends
Passenger Traffic Growth Fostering Ongoing Modernization of ATM Systems in the Region
As per the International Air Transport Association (IATA), the Middle-East and Africa accounted for 12.6% of the global revenue passenger-kilometers in 2019, witnessing a 1.3% Y-o-Y growth. With a positive outlook for the global air passenger traffic numbers in the next 10 years, airlines are increasing their fleet size to cater their services to more passengers. Airlines are procuring more aircraft and adding more routes, thereby, increasing the number of flights to handle for the airports. As airspaces become busier, the necessity for better airspace management increases. Furthermore, the growth in passenger traffic has necessitated the construction of new airports and the expansion of airports, which resulted in the demand for new air traffic management (ATM) infrastructure and the capacity improvements in the existing ATM systems. Airport constructions/expansion activities are now in progress in almost every region around the world, with huge investments flowing into the same. The total investment in airport construction projects in the region is around USD 163.5 billion, representing huge business opportunities for the market in focus during the forecast period.
Market Size Estimation:
The Total Addressable Market (TAM) for estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.
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This Middle-East and Africa Air Traffic Management Market report addresses:
– The Market size from 2015-2020
– Expected market growth until 2025
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place
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– The market estimate (ME) sheet in Excel format
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Covid-19 Impact Analysis:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have 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 with the sales team.
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