Dhaka, Nov. 29 -- Allied Market Research published a report, titled, "Air Traffic Management Market by System (Air Traffic Services, Air Traffic Flow Management, Others), by Application (Communication, Navigation, Surveillance, Automation and Simulation), by Offering (Hardware, Software and Services), by End Use (Commercial, Military, Others): Global Opportunity Analysis and Industry Forecast, 2021- 2031".

According to the report, the global air traffic management industry generated $8.8b in 2021, and is anticipated to generate $17.7b by 2031, witnessing a CAGR of 7.5pc from 2022 to 2031.

Prime determinants of growth Increase in air traffic across the world, modernization of air traffic management infrastructure, and greater need for im...