USD 590.09 million
Report ID: SQSG20A2019 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 90 | Figures: 76
Global Automatic Dependent Surveillance Broadcast ADS-B Market size was valued at USD 590.09 million in 2021 and is poised to grow from USD 703.2 million in 2022 to USD 2800 million by 2030, growing at a CAGR of 19% in the forecast period (2023-2030).
Air traffic controllers on the ground and pilots in the cockpit can both identify aircraft traffic with a high degree of precision thanks to Automatic Dependent Surveillance-Broadcast (ADS-B). It also gives pilots access to real-time weather information, which greatly improves their situational awareness and increases flight safety. Its transceivers allow aircraft to broadcast their precise location in space along with other information like airspeed, altitude, and whether they are ascending or descending. Users can obtain a highly accurate description of real-time aviation traffic, both in the air and on the ground, thanks to Automatic Dependent Surveillance-Broadcast (ADS-B), which is integrated into the air traffic control system or installed on other aircraft.
With the aid of satellite-based GPS, Automatic Dependent Surveillance-Broadcast (ADS-B) pinpoints the precise location of an aircraft in space. The location data is broadcast several times per second along with other pieces of information like the type of aircraft, speed, flight number, and whether it is ascending, descending, or turning. The broadcast is gathered by nearby ground stations and other aircraft with Automatic Dependent Surveillance-Broadcast (ADS-B) capabilities. In order to retransmit the information to aircraft in the zone, ground stations combine the Automatic Dependent Surveillance-Broadcast (ADS-B) transmission received from the various local area aircraft with other location data gathered from ground radar for non-ADS-B equipped aircraft. The aircraft equipped with Automatic Dependent Surveillance-Broadcast (ADS-B) then displays this air traffic and weather information.
The main factor accelerating the market growth is the aviation industry's increased emphasis on safety. Other major drivers of the market growth for automatic dependent surveillance-broadcast (ADS-B) include an increase in the construction of new airports and an increase in the use of ADS-B for unmanned aerial vehicles (UAVs). In addition, the automatic dependent surveillance-broadcast (ADS-B) market manufacturers will have new possibilities during the forecast period of 2021–2028 due to an increase in research and development efforts in the market and an increase in demand from emerging economies. However, the key issue limiting the growth of the automatic dependent surveillance-broadcast (ADS-B) market in the projection future is the increase in cost and affordability for small aircraft operators.
US Automatic Dependent Surveillance Broadcast ADS-B Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 590.09 million
To get more reports on the above market click here to Buy The Report
The Global Automatic Dependent Surveillance Broadcast ADS B Market segmentation is based on component, operation, application and region. Based on components the market is segmented into transponder, receiver, antenna and ground receivers. On the basis of operation, the market is segregated into ADS-B In, ADS-B Out. Based on application the market is segmented into ATC Surveillance, Airborne Surveillance, Others. Based on region the global Automatic Dependent Surveillance Broadcast ADS-B market is segmented into North America, Europe, Asia-Pacific and Rest of the world.
Automatic Dependent Surveillance Broadcast ADS-B Market Analysis by Application
The market sector with the largest market shares is airborne surveillance. The segmental rise is accelerated by an increase in aviation surveillance systems. Within the forecast period, the ATC surveillance market will experience rapid expansion. It is utilized to expand the terminal's airspace capacity, enhancing flight efficiency and allowing for more flexible scheduling of flights.
During the forecast period, the antenna segment is expected to experience spectacular expansion. The demand for omnidirectional automatic aviation monitoring antennas that operate at 1090MHz is what's driving this increase. To extract signals from aircraft near the surveillance broadcast station, the antenna provided long-range capability for air-to-ground communication.
To get detailed analysis on other segments, Request For Sample Report
The North American region held the most lucrative segment of the market and is predicted to lead over the forecast period. Due to the FAA requirement that all aircraft have ADS-B installed as well as the existence of component integrators, Original Equipment Makers (OEMs), and subcomponent manufacturers in this area, North America is anticipated to dominate the ADS-B market from 2022. These elements are fueling the ADS-B market's expansion in North America. Major aeroplane manufacturers have already added ADS-B as a forward fit option to their newly constructed aircraft. ADS-B systems are being retrofitted on board other aircraft by other owners.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Automatic Dependent Surveillance Broadcast ADS-B Market Driver
The market is expanding as a result of rising airport investments, an increase in air travel, and upgraded infrastructure for air traffic control. More than 45,000 flights and 2.9 million airline passengers are served by the FAA's Air Traffic Organization (ATO). More than 29 million square miles of airspace are covered by the ATO. The Air Traffic Services (ATS) unit was given a budget of US$4.16 billion by the FAA. Additionally, a ten-year contract to update India's navigation, communication, and air traffic management/monitoring services was signed by the Airports Authority of India (AAI) with Boeing in June 2019. Market expansion is fueled by rising spending on air traffic control and airport renovation.
The market may rise as a result of rising commercial aircraft demand brought on by an increase in air passenger traffic. The expansion of the market is fueled by the construction of new airports, particularly in the Asia Pacific region and the rising demand for unmanned aerial vehicles (UAV). In 2019, five international airports opened in the US, Vietnam, Israel, China, and Turkey. The Indian government also intends to spend US$23.7 billion on the construction of 100 airports by the year 2024. As a result, the expansion of the Automatic Dependent Surveillance-Broadcast (ADS-B) market is boosted by rising aviation sector spending all over the world.
Automatic Dependent Surveillance Broadcast ADS-B Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The market for Automatic Dependent Surveillance Broadcast ADS-B is fairly competitive and has players spread across various parts of the world. Key players are undergoing mergers and acquisitions to surpass the boundaries and extent beyond their current presence. For instance, Aspen Avionics Inc. broadened its horizon by developing drone services and cargo delivery.
Automatic Dependent Surveillance Broadcast ADS-B Market Top Players Company Profiles
Automatic Dependent Surveillance Broadcast ADS-B Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, global Automatic Dependent Surveillance Broadcast ADS B Market segmentation is based on Component, Operation, Application and Region. The receiver sector will have the most market shares in 2022 and will increase at the greatest CAGR till 2028. The ADS-B Out segment had the most market share. The market is expanding as a result of an increase in deliveries of aircraft with ADS-B out. Whereas, the market sector with the largest market shares was airborne surveillance.
|Market size value in 2021||USD 590.09 million|
|Market size value in 2030||USD 703.2 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Automatic Dependent Surveillance Broadcast ADS-B Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automatic Dependent Surveillance Broadcast ADS-B Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automatic Dependent Surveillance Broadcast ADS-B Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automatic Dependent Surveillance Broadcast ADS-B Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
On the basis of type, Automatic Dependent Surveillance-Broadcast (ADS-B) Market is segmented into on-board and ground stations.
Rise in the cost and affordability for small aircraft operators acts as a major challenge for the Automatic Dependent Surveillance-Broadcast (ADS-B) Market.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.