Air Traffic Management market forecast to reach USD 16.53bn by 2027

Fortune Business Insights has reported the global air traffic management & consulting market is set to gain momentum from the increasing investment by public & private companies in the aviation industry, the company said.

This information is given in a recently published report, titled, Air Traffic Management & Consulting Market Size, Share and Covid-19 Impact Analysis, by System (Air Traffic Services, Airspace Management, Air traffic Flow Management, Aeronautical Information Management), By Component (Hardware, Software), By End Use (Commercial, Tactical), and Regional Forecast, 2020- 2027.

The report states that the air traffic management & consulting market size was USD 13.30 billion in 2019 and is projected to reach USD 16.53 billion by 2027, thereby exhibiting a CAGR of 5.58% during the forecast period.

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