Industry News

Seoul to Introduce New Systematic Traffic Management for Air Traffic

South Korea: Seoul government will set up new traffic management system by the next year to improvise airport safety along with enhance airline services by bringing down the delay in flight operations.  

The new traffic management system will work to reduce air traffic and flight delays by predicting airport congestion and thus enable flights to be spaced out beforehand. The move will require to have local airlines aircraft on standby which will be used as a replacement or back up flights.

The government will also set up two single-direction air route to and from china and other Southeast Asian Countries as present double-direction airways increases the air traffic congestion. The government claimed that the new air traffic management will be implemented before the end of next year.

TechSci Research depicts that the growing number of air traffic resulting in increasing number of air passenger carriers will essentially require advance air traffic management solution in place to decongest the airport and flight delays. Intelligent traffic management solutions will be mandatorily required to avoid air traffic congestion and help airport authorities to improve air traffic situations.

According to the recent published by TechSci ResearchGlobal Traffic Management Market By Transportation Mode, By System Type, By Region, Competition Forecast and Opportunities, 2011-2021”, global traffic management market is projected to surpass US $ 22 billion by 2021. In 2015, North America was the leading regional market for traffic management due to implementation of stringent government initiatives supporting use of Intelligent Transportation System (ITS), growing need to reduce traffic congestion and accidents, coupled with increasing utilization of traffic data for traffic control in real-time. On account of rising population, growing demand for public transit vehicles, surging automobile sales, and rising demand for air travel, Asia-Pacific is expected to witness fastest growth in its traffic management market during the forecast period.

Relevant Reports

Clutch Friction Plate Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Type (Single Plate, Multi Plate), By Sales Channel (OEM and Aftermarket), By Application (Passenger Cars, Commercial Vehicles), By Region, Competition,

Automotive | Jul, 2024

Continuous expansion of the automotive sector worldwide, with a focus on high-performance and fuel-efficient vehicles, increasing consumer demand for smooth and responsive driving experiences, stringent emission regulations, increasing prevalence of manual transmissions, growing aftermarket demand, changing economic conditions, environmental considerations, and rising material advancements and technological innovations are the factors driving market in the forecast period 2025-2029.

Relevant News