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The market revenue for the Global Commercial Air Traffic Management Market accounted for USD 4.21 billion in the year 2020, where it came from 7.2 billion in 2019, and it is anticipated to reach a value of around USD 11.00 billion by the year 2029. The market growth dynamics account for a CAGR of around 10.08% during the forecast period.
Air traffic management (ATM) technology is complex and evolving at a rapid pace. Moreover, technological developments, an increase in the number of air passengers, a rise in the number of airports, and a need for safer and secure air transport in developing countries are further boosting the growth of the market.