According to the report titled ‘Asia Pacific Air Traffic Management Market Forecast 2027 By Component, By System, Research Report, Regional Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Asia Pacific air traffic management market is anticipated to record significant growth during 2015-2027.
 

Factors like surge in the number of air passengers, and rapid economic development with rise in disposable income of the masses which is enabling them to lead a luxurious lifestyle are boosting the progress of Asia Pacific air traffic management market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4037694/
 

In addition, increase in number of airports owing to rising passenger populace, and upgrades in the existing airports with adoption of advanced air traffic control systems to enhance travel experience are further augmenting the industry outlook.
 

Furthermore, governments in several countries are increasing their investments in civil aviation sector to support companies in strengthening their research & development activities which will enable them to come up with advanced technologies, thereby facilitating the industry progression. For instance, in 2018, the government of India permitted 100% FDI in the aviation vertical for automatic routes as a move towards the expansion of the regional market.
 

On the contrary, outbreak of the COVID 19 pandemic had negatively affected the industry outlook due to travel bans and nationwide lockdowns imposed by nations to curb the spread of the disease. Crucial activities like transportation, construction, and supply chain management had also come to a complete halt. However, as the world is recuperating from this crisis, the aviation sector has picked up pace which in turn is expected to stimulate Asia Pacific air traffic management industry development.
 

The marketplace is segmented on the basis of component (hardware, software), and system (air traffic control, air traffic flow management, airspace management, and aeronautical information management).  As per the report, surveillance hardware component segment is expected to grow substantially through 2027, owing to collaborations & partnerships among technology providers and end-users to incorporated high-end & automated air surveillance systems at airports to enhance traffic management.
 

Major players like Thales Group, ACAMS AS, Skysoft-ATM S.A., Adacel Technologies Limited, Serco Group plc, Advanced Navigation & Positioning Corporation, Searidge Technologies, ALTYS Technologies, Leonardo S.p.A, ARTISYS s.r.o., Avinor AS, Frequentis Group,  BAE Systems plc, Indra Sistemas S.A., Honeywell International, Inc., Intelcan Technosystems, Inc., and NATS Holdings Ltd. among others are influencing the dynamics of Asia Pacific air traffic management market.