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 Market Study Report LLC, North America air traffic management market is projected to exceed a valuation of USD 2.5 billion by the end of the forecast period.
 

As per the report findings, inflating air passenger traffic catalyzed by rising per capita income and time constraints, along with inflowing investments and increasing number of initiatives undertaken by the government is primarily fueling the growth of air traffic management (ATM) market in North America.
 

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Upgradation of current ATM systems to facilitate the proliferating number of passenger and freight flights to and from various foreign locations is further enhancing the industry outlook. Besides, expansion and construction of airports are slated to expand the remuneration scope in the upcoming years.
 

Elaborating on the Covid-19 pandemic, the market witnessed a decline in demand due to the halting of commercial aircraft operations as result of ban on foreign travel and mobility restrictions imposed by lockdown regulations in 2020. However, this has also prompted airlines in the region to equipping themselves with latest solutions to overcome the incurred losses.
 

Based on system, North America air traffic management industry is fragmented into air traffic control, air traffic flow management, airspace management, and aeronautical information management. In terms of component, the industry is split into hardware (communication, surveillance, and navigation), and software.
 

Speaking of the competitive landscape, ACAMS, Advanced Navigation and Positioning Corp., Adacel Technologies Ltd., ALTYS Technologies, Avinor AS, Artisys s.r.o., BAE Systems plc, Honeywell International Inc., Frequentis Group, Indra Sistemas S.A., L3Harris Technologies In., and Kongsberg Gruppen ASA are among the major players influencing the industry trends.
 

Companies in North America air traffic management market are allocating hefty investments to improve their standing. For instance, BAE Systems in November 2020 invested over USD 100 million in an aerospace & defense complex in Cedar Rapids, Iowa, with an aim to streamline operational efficiency and increase its capacity to provide high-quality military GPS products to warfighters.