According to the research report titled ‘Europe Air Traffic Management Market Forecast 2027 By System, By Component, Research Report, Regional Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe air traffic management market is anticipated to grow significantly through 2027.

According to reliable estimates, Europe air traffic management market growth is creditable to increasing number of individuals opting for air travel, as well as surging number of companies offering excellent customer service through innovative products and technologies.

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Notably, the COVID-19 outbreak diminished the industry scope due to implementation of strict lockdown and disruption of supply chain, as well as plummeted construction and transportation activities.

However, many countries have opened their borders to domestic and international travel, resulting in a massive increase in air traffic, which is expected to favor the market outlook in the coming years.

Furthermore, deployment of computing technologies to make air traffic management systems as modern as feasible and to enhance the entire customer experience while lowering environmental impact are contributing towards Europe air traffic management industry expansion.

Based on system, the airspace management segment is poised to grow considerably over the forecast timeframe, due to ongoing technological developments to improve the overall performance of systems that govern the flow of planes.

In terms of component, the hardware segment is slated to expand at a rapid rate through 2027, because of increasing demand for gathering real-time data from airports concerning flight movements to provide seamless experience to the passengers.

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 traffic management marketplace.