"Ever-Increasing Air Traffic to Stimulate the Demand for Aircraft Sequencing Systems"
Aircraft sequencing systems market projected to witness a promising growth of 9.5% throughout the forecast period. Aircraft sequencing refers to joint sequencing and scheduling of arriving & departing of aircraft. Increasing air traffic demand as well as rising flight delays placed enormous stress on whole Air Traffic Management (ATM) system that costs passengers, airlines, and the overall economy several billions of dollars each year. Aircraft sequencing systems offer several benefits with optimizing critical bottleneck operations within the ATM related to departures, arrivals and runways. With growing air traffic and airport infrastructure development, aircraft sequencing systems market expected to surge with promising rate across the following years.
"Commercial Application to Cement the Dominating Position in Aircraft Sequencing Systems Market"
Based on application, commercial segment contributed major share in the overall aircraft sequencing systems market in 2020. Worldwide consumer base for commercial aviation is increasing rapidly over the years. Such rising air passenger population ultimately paves for increasing air traffic. Similarly, commercial aircraft production is witnessing surge in demand with advanced aircraft along with better avionics, control systems, components (airframe, interiors, landing gear), and energy-efficient engines. Thus, the growing commercial air traffic expected to drive the aircraft sequencing systems market across the forecast period.
"Emerging Markets’ Share in Global Aircraft Sequencing Systems Market Continue to Rise with Steady Rate"
In 2020, Asia Pacific market witnessed the higher growth rate in terms of market value. Major contributors for the growth of Asia Pacific aircraft sequencing systems market is increased air traffic, both within ASEAN countries and on global routes. Robust growth in both international and domestic travel is expected with an order of approximately 13,000 new aircraft in the Asia-Pacific region. Asia Pacific region, economically, projected to show robust growth due to factors such as trade agreements at regional levels, increased accessibility of air services, and GDP growth. This would thus meet demand for rising corporate and tourist travelers from both domestic as well as international routes across the region. Countries such as India and China projected to stabilize the growth attained by North American countries.
Key players of global aircraft sequencing systems market include Eurocontrol, ATRiCS, Harris Corporation, ADB SAFEGATE, Amadeus IT Group, S.A., The Aerospace Corporation, Thales Group, Copperchase Ltd., Collins Aerospace, PASSUR Aerospace, Inc. and Airtospoft among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Aircraft Sequencing Systems market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report