Global Automatic Dependent Surveillance Broadcast ADS-B Market

Global Automatic Dependent Surveillance Broadcast ADS-B Market Size, Share, Growth Analysis, By Component(Transponder, Receiver), By Operation(ADS-B In, ADS-B Out), By Application(ATC Surveillance, Airborne Surveillance) - Industry Forecast 2024-2031

Report ID: SQSG20A2019 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 90 | Figures: 76

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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.

Global Automatic Dependent Surveillance Broadcast ADS-B Market size was valued at USD 590.09 million in 2019 and is poised to grow from USD 703.2 million in 2023 to USD 2800 million by 2031, growing at a CAGR of 19% in the forecast period (2024-2031).

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. 'Garmin Ltd.', 'Honeywell International Inc.', 'Rockwell Collins, Inc.', 'Thales Group', 'L3Harris Technologies, Inc.', 'Indra Sistemas, S.A.', 'Aireon LLC', 'Raytheon Company', 'Leonardo S.p.A.', 'Saab AB', 'Intelcan Technosystems Inc.', 'Aspen Avionics Inc.', 'Navtech, Inc.', 'Sagetech Corporation', 'Trig Avionics Limited', 'ACSS (Aviation Communication & Surveillance Systems)', 'FreeFlight Systems', 'uAvionix Corporation', 'Becker Avionics GmbH', 'Flight Data Systems Pty Ltd.'

Improvement of Air Traffic Management Systems

The Aviation sector is into demand because of the geographies connecting across the globe and globalization coming into picture as rapidly as it can. Therefore this sector is likely to grow with a substantial CAGR during the forecast period of the 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.

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Global Automatic Dependent Surveillance Broadcast ADS-B Market

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