Sunday, February 5, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

Air Traffic Management Market worth $11.8 billion by 2027 at a CAGR of 8.1%

Press Room by Press Room
July 5, 2022
in Press Release
Air Traffic Management Market worth $11.8 billion by 2027 at a CAGR of 8.1%
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, July 05, 2022 ) The report on the Air Traffic Management Market provides a detailed trend analysis from 2018 to 2027. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market.

MarketsandMarkets: The Air Traffic Management Market is estimated to be USD 8.0 billion in 2022 and is projected to reach USD 11.8 billion by 2027, at a CAGR of 8.1% from 2022 to 2027. The market is driven by factors such as rise in global focus on improving air safety, Launch of SESAR 3 joint undertaking to modernize European air traffic management, etc.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160955838

Based on platform, Air Traffic Services segment projected to lead the market during the forecast period

Based on airspace, the Air Traffic Services (ATS) segment is estimated to dominate the air traffic management market in 2022 with a share of 55.6%. This segment is estimated at USD 4.4 billion in 2022 and is expected to reach USD 6.4 billion by 2027, at a CAGR of 7.8% during the forecast period.

Based on end use, Commercial segment is estimated to dominate the market during the forecast period

The market is estimated to be dominated by the commercial segment, with a share of 85.4% in 2020. This segment is estimated to be valued at USD 7.7 billion in 2022 and is projected to grow at a CAGR of 8.3% during the forecast period, to reach USD 11.4 billion by 2027.

Based on component, Hardware segment to have highest market share in 2022

Based on application, the market is estimated to be dominated by the hardware segment, with a market share of 74.6% in 2022. This segment is estimated to be valued at USD 5.9 billion in 2022 and is projected to grow at a CAGR of 7.5% during the forecast period, to reach USD 8.5 billion by 2027.

Asia Pacific is projected to grow at a highest CAGR of 9.9% during the forecast period. Asia Pacific is estimated to account for a share of 33.1% of the Air Traffic Management Market in 2022. In the Asia Pacific region, China, India, South Korea, Australia, and New Zealand are considered for the market study. Philippines, Japan, Vietnam, and Indonesia are considered in the Rest of Asia Pacific. The aviation industry is growing at a significant pace in the Asia Pacific region, mainly driven by increasing air passenger traffic.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=160955838

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

Major Revenue Surge is Expected in the Global Brain Monitoring Market in the Near Future

Next Post

Oil drops to 12-week low on recession worries – Arab News

RECOMMENDED NEWS

UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

1 week ago

Zinc-Air Battery Market Growth Opportunites by 2027

3 months ago

Personal Finance Software Market Share and Growth Developments 2023 | Competitive Strategies, Business Demand, Future Trends and Top Players Forecast to 2029

2 months ago
UAE247.Club™ Joins Arab Newswire Media Lists for Press Release Distribution to GCC/MENA Region

UAE247.Club™ Joins Arab Newswire Media Lists for Press Release Distribution to GCC/MENA Region

6 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia’s NuqtahNFT and ConsenSys partner to empower Web 3 startups

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0
  • قد يؤدي استهلاك الجوز إلى إبطاء تطوّر السرطان

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Data Center Power Market Projected to Gain $26.1 billion by 2025
  • Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024
  • Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026
  • Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%
  • UHT Processing Market Statistics, Growth, Trends & Forecasts

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.