According to the research 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 MarketStudyReport, Asia Pacific traffic management market size is anticipated to expand exponentially through 2027.

As per the report findings, rising percentage of air passengers, and growing disposable income of individuals with confidence to opt for luxury travel in the region are the primary growth stimulants for Asia Pacific traffic management market.

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Furthermore, soaring number of cheap flights for passengers from all income groups, as well as expanding investments in advanced technology development to improve the overall performance of operations such as flexible airborne rerouting procedures, time-based arrival flight management, and satellite navigation are contributing towards industry expansion.

Notably, the COVID-19 outbreak led to implementation of strict lockdown and disruption of supply chain and transportation activities, which in turn stifled Asia Pacific traffic management market growth in the recent past.

Based on system, the air traffic control segment is slated to grow significantly over the forecast duration, due to rising government spending on civil aviation and aerospace to encourage companies in these sectors to strengthen their R&D efforts and develop cutting-edge technology to improve the overall operation of air traffic control systems.

In terms of component, the surveillance hardware segment is poised to expand substantially through 2027, owing to increasing demand for better airport traffic management as well as collaboration of several reputable companies to develop high-tech, automated air traffic surveillance systems at airports.

Competitively speaking, Thales Group, SkySoft ATM, Serco Group plc, Searidge Technologies, Raytheon Company, Saipher ATC, Nav Canada, NATS Ltd., Lockheed Martin Corporation, Leonardo S.p.A., L3Harris Technologies Inc., Saab AB,  Kongsberg Gruppen ASA, Intelcan Technosystems Inc., Indra Sistemas S.A, Honeywell International Inc., Frequentis Group, BAE Systems plc, Northrop Grumman Corporation, Avinor AS, ARTISYS s.r.o., ALTYS Technologies, Advanced Navigation and Positioning Corporation, Adacel Technologies Limited, and ACAMS AS are the leading players in Asia Pacific air traffic management marketplace.