Automatic Dependent Surveillance-Broadcast (ADS-B) - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market is accounted for $750.58 million in 2019 and is expected to reach $2,940.13 million by 2027 growing at a CAGR of 18.6% during the forecast period. Increase in airspace congestion and modernization of air traffic management infrastructure, increasing focus on safety within the aviation industry, and development of new airports are some of the factors propelling the growth of the market. However, the lack of network infrastructure is hampering growth of the market.
ADS-B is an automatic dependent surveillance-broadcast system, an integral part for air traffic control. Automatic dependent surveillance-broadcast (ADS-B) is a technology which enables an aircraft to conclude its location through satellite navigation. The ADS-B broadcasts shares important information such as aircraft velocity, and altitude at set time intervals and helps to track an aircraft through periodical broadcasts.
Based on the application, the terminal manoeuvring airspace (TMA) surveillance segment is anticipated to hold considerable market share during the forecast period as the increasing airspace congestion and the growing demand for construction of new airports which led to the development of efficient and safe TMA surveillance systems. By geography, North America is expected to grow at a significant market share during the forecast period owing to the developed network and communication infrastructure as well as extensive aircraft connectivity.
Some of the key players profiled in the Automatic Dependent Surveillance-Broadcast (ADS-B) Market include Garmin Ltd., Honeywell International Inc., ACSS (Aviation Communication & Surveillance Systems), APPAREO SYSTEMS, LLC., Dynon Avionics, Rockwell Collins, Trig Avionics Limited, FreeFlight Systems, The Bendix Aviation Corporation, Aspen Avionics, L-3 Technologies, Inc., Esterline Technologies Corporation, Indra Sistemas, S.A., Harris Corporation, Thales Group, Avidyne Corporation, Trig Avionics Ltd., ADS-B Technologies, LLC., NEC Corporation and GKN Aerospace Services Limited.
• Ground Receivers
• On-Board (Platform)
• Ground Stations
Aviation Types Covered:
• Passenger Aviation
• Cargo Aviation
• Private Plane
Aircraft Types Covered:
• Commercial Aircraft
• Regional Jets
• Cargo Aircraft
• Business Jets
• Other Aircraft Types
• Terminal Manoeuvring Airspace (TMA) Surveillance
• Airborne Surveillance
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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