Flight control system market demand3/29/2023 ![]() ![]() In recent years, the market size of unmanned aerial vehicles and urban air mobility has risen. Rising Adoption of AI Technology in ATC Remote Towers to Enhance Aircraft Operation is Prominent Trend ![]() Request a Free sample to learn more about this report. ![]() This factor is projected to impact negatively on the new business development opportunities over the next few years. The The world economic growth has impacted and influenced public and private investment. Major developed and developing countries are facing financial crunches owing to the COVID-19 outbreak. These estimates are based on the consequence of numerous travel restrictions worldwide and a tremendous fall in passenger demand from February 2020. According to the analysis report by International Air Transport Association, the global aviation industry is witnessed to endure a revenue loss of almost -55% in 2020.In both circumstances, the aviation industry is forecasted to suffer a heavy loss. The global economic crisis can worsen if the pandemic spread is not controlled or reaches extreme conditions. According to Airport Council International, the aviation industry has witnessed a reduction of 620 million passengers in the first quarter of 2020.The stringent restrictions on air travel resulted in reduced air passenger traffic across the world. The COVID-19 situation has resulted in legislative limitations on international and domestic travel. These factors are projected to fuel the demand for air traffic management and consulting systems during the forecast period.ĭecreased Air Passenger Traffic amid COVID-19 to Decline Growth This technology has improved performance, airport efficiency, flight safety and reduced the overall delay in flights. Recently, there have been advancements in communication technology and airport connectivity. Moreover, more working on this direction also ensures the best balance possible among the supply and demand with time and space for aircraft. Air traffic management and consulting service include airspace management (ATFM), air traffic flow management (ATFM), and air traffic control (ATC). This system helps the airline authorities to provide an efficient and hassle-free travel experience to passengers. It controls the flow of traffic day in and day out. The primary objective of this system is to reduce the congestion problem at the airports or keep sufficient difference between aircraft to avoid collision on the ground by suggesting the right direction during a flight. WE ARE IN THE PROCESS OF REVAMPING Air Traffic Management Market WITH RESPECT TO RUSSIA-UKRAIN CONFLICT Request SampleĪir traffic management is mainly used to ensure the disciplined and safe flow of air traffic without any mistakes. ![]()
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