Automatic Dependent Surveillance-Broadcast Market Forecast
The Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market is projected to be valued at USD 2,786 million by 2025, expanding at a CAGR of 20.61% between 2019 and 2025.
Growth in the air passenger traffic has significantly contributed to the growth of the ADS-B market. High competition owing to the presence of a large number of players in this market is forcing manufacturers to continuously focus on product innovation and development. Furthermore, stringent government regulations regarding ADS-B is also encouraging aircraft manufacturers to invest in the technology. For instance, in the US, The Federal Aviation Admiration requires all aircraft to be equipped with ADS-B Out to fly in most controlled airspace.
ADS-B Market USP
Increasing development of advanced air traffic management systems to drive the growth of the market.
Growth Opportunities in the Market
- ADS-B In segment expected to witness higher growth in the market: ABS-B In transmits alerts of crucial flight information such as closed runways and flight restrictions and assists pilots in avoiding terrains in low visibility situations. Thus, it offers enhanced situational awareness to pilots and flight crew.
- Line-Fit to remain a popular choice: The line-fit of ADS-B minimizes the need for customization and hence decreases the time taken to deploy the aircraft. Hence, the segment is expected to witness a higher growth during the forecast period.
- Receiver segment expected to grow at the highest CAGR: Receivers provide inflight traffic alerts and precise time stamps. Therefore, the segment is expected to grow at the highest CAGR during the forecast period.
- ATC surveillance segment expected to grow at a higher CAGR: The development of advanced air traffic management systems to manage the rising airspace congestion is expected to drive the growth of the segment.
- Fixed-Wing to remain a popular choice: The growing manufacturing of new aircraft to cater to the rising air passenger traffic is expected to drive the growth of the segment. Furthermore, the increasing demand for new aircraft from developing regions such as Asia-Pacific is expected to further increase the segment growth.
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Key Players
- Honeywell International, Inc. (US)
- L3Harris Technologies, Inc. (US)
- Esterline Technologies Corporation (US)
- Garmin Ltd. (US)
- Collins Aerospace (US)
- Indra Sistemas, S.A. (Spain)
- Thales Group (France)
- Avidyne Corporation (US)
- Trig Avionics Ltd. (UK)
- FreeFlight Systems (US)
Other Prominent Players
- Aspen Avionics, Inc. (US)
- Appareo (US)
- Dynon Avionics (US)
- GKN Aerospace Services Limited (UK)
- TQ-Systems GmbH (Germany)
- Aireon (US)
Geographic Overview
North America: North America dominates the ADS-B market. This trend is projected to continue during the forecast period due to the presence of prominent aviation ADS-B providers such as Honeywell International, Inc. and L3 Harris Technologies, Inc.
Europe: New product launches by prominent ADS-B providers headquartered in Europe is driving the market growth in the region.
Asia-Pacific: The market in this region is projected to expand at a high CAGR during the forecast period. Rising air passenger traffic in countries such as China and India are driving the market growth in the region.
Rest of the World: The upcoming government mandate pertaining to the usage of ADS-B is expected to drive the market growth in the region. For example, according to U.A.E. Information Bulletin 2017-20 and CAR Part IV Aircraft Operations CAR OPS 1.867 ADS-B will be essential in the Emirates flight information region (FIR) starting January 2020.
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TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
1.1.1. Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Type
1.1.2. Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Fit
1.1.3. Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Component
1.1.4. Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Platform
1.1.5. Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Application
1.1.6. Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Region
2. MARKET INTRODUCTION
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
3. MARKET RESEARCH METHODOLOGY
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
Continued……..
List of Tables
Table 1 Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Region, 2019–2025
Table 2 North America: Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Country, 2019–2025
Table 3 Europe: Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Country, 2019–2025
Table 4 Asia-Pacific: Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Country, 2019–2025
Table 5 Rest of the World: Automatic Dependent Surveillance-Broadcast (ADS-B) Market, by Region, 2019–2025
Table 6 Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market Size, by Region, 2019–2025
Table 7 North America: Automatic Dependent Surveillance-Broadcast (ADS-B) Market Size, by Country, 2019–2025
Continued……
List of Figures
FIGURE 1 Research Process of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued……
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