According to the research report titled ‘North America 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, North America air traffic management market is slated to accrue a revenue of USD 2.5 billion during 2021-2027.

The growth of North America air traffic management market can be accredited to the variables such as soaring demand from air passengers prompting enhanced services, rapid construction of new airports, and supportive government & private backing in terms of investments & initiatives.

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Citing an instance, BAE Systems plc invested around USD 100 million in aerospace & defense complex in Cedar Rapids, Iowa in the year 2020. The company is intending on streamlining operational efficiency and enhancing its capacity to offer high-quality GPS products for military.

Increasing air traffic to accommodate the growing passengers & freights from multiple locations has led to upgrading of the current air traffic management (ATM) systems which is further influencing the market dynamics.

Moreover, elevated disposable incomes, coupled with time constraints are propelling the customers to choose air travel which is supporting the development of North America air traffic management industry sphere to a great extent.

During the COVID-19 pandemic, the market faced a severe setback due to restrictions placed by officials around the world. The ban on foreign travel, along with limitations placed on mobility led to a complete shutdown of commercial operations.

However, now with the situation in control and the restart of international travel, the airlines have equipped themselves with the latest technological solutions to combat the loss in earnings faced during the coronavirus outbreak.

Speaking of component terrain, the industry is categorized into software, and hardware (surveillance, navigation, communication). While different systems include aeronautical information management, air traffic flow management, airspace management, and air traffic control.

The key companies in North America air traffic management industry include Lockheed Martin Corporation, ACAMS AS, Leonardo S.p.A., Adacel Technologies Limited, L3Harris Technologies, Inc., Advanced Navigation and Positioning Corporation, Kongsberg Gruppen ASA, ALTYS Technologies, Intelcan Technosystems, Inc., ARTISYS, s.r.o., Indra Sistemas S.A., Avinor AS, Honeywell International, Inc., BAE Systems plc, and Frequentis Group among others.