Market Research Report
Flight Tracking System Market, by System Type, by End-use Industry, and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
|Published by||Coherent Market Insights||Product code||920693|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Flight Tracking System Market, by System Type, by End-use Industry, and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027|
|Published: December 26, 2019||Content info: 110 Pages||
Flight Tracking System Market, by System Type (ADS-B, FANS, and Portable FTS), by End-use Industry (General Aviation, Civil Aviation, and Military Aircrafts), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027.
Flight tracking is a process of obtaining real-time flight information, such as, longitude, latitude, altitude and ground speed of a specific aircraft. It is one of the crucial initiatives undertaken by regulatory agencies towards making aviation safe. Flight tracking is mainly carried out to ensure safe and efficient air traffic control as well as airline operations, and also to provide immediate response in case of any incident. It encompasses airborne equipment as well as ground infrastructure, along with the components which link them. There have been significant innovations in the flight tracking system front, owing to an improved software systems and rapid technological advancements.
Hence, prominent key players in this market are focusing on various strategies such as, partnership to gain a competitive edge in this market. For instance, in June 2018, Honeywell has joined forces with the globe largest flight tracking data company, FlightAware, to bring an advanced flight tracking support to operations control centers and business jet owners. This partnership is expected to provide customers of Honeywell's GoDirect Flight Services with access to more real-time information including position, aircraft speed, altitude and estimated time of arrival at no additional price so they can plan the safest as well as most efficient route available.
Technological enhancements, rising demand for new aircrafts and improved software systems are the major driving factors which are anticipated to further augment the growth of global flight tracking system market. Also, increase in acceptance of ADS-B flight tracking systems and growing emphasis of safety of flight are boosting the demand of flight transaction system across the globe. Furthermore, increasing demand for military UAVs is the major factor which is expected to create lucrative opportunity in the upcoming future. Moreover, flight tracking system delivers safety benefits through high accuracy navigation, it also offers environmental benefits and it is most potential system for flight routes to be designed to negotiate water, non-residential areas and industrial areas as much as possible.
However, high expenses associated with the installation and several cyber security concerns are the factors which hinder the market growth of global flight tracking system during the forecast period.
This report segments the global flight tracking system market on the basis of system type, and end-use industry. On the basis of system type, the global flight tracking system market is segmented into ADS-B, FANS and Portable FTS. On the basis of end-use industry, the global flight tracking system market is segmented into General Aviation, Civil Aviation and Military Aircraft and on the basis of region, the global flight tracking system market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.