PUBLISHER: The Business Research Company | PRODUCT CODE: 1499795
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499795
Automatic dependent surveillance-broadcast (ADS-B) represents a pivotal aviation surveillance technology wherein aircraft autonomously transmit crucial data, encompassing identification, position, altitude, and supplementary information, through a dedicated data link derived from onboard navigation systems. This transmitted data is disseminated for utilization by other aircraft, vehicles, and ground facilities without necessitating external prompting.
The principal categories within the realm of automatic dependent surveillance-broadcast comprise retrofit and line fit solutions. The retrofit segment of ADS-B pertains to the installation of this technology in pre-existing aircraft subsequent to their manufacturing. Within this domain, various iterations such as ADS-B Out, ADS-B In, and ADS-B ground stations are available, catering to diverse platforms including fixed-wing and rotary-wing aircraft. These retrofit solutions are made accessible through aftermarket channels and original equipment manufacturers (OEMs), facilitating applications such as terminal maneuvering area surveillance, airborne surveillance, and automatic dependent surveillance.
The automatic dependent surveillance broadcast market research report is one of a series of new reports from The Business Research Company that provides automatic dependent surveillance broadcast market statistics, including automatic dependent surveillance broadcast industry global market size, regional shares, competitors with automatic dependent surveillance broadcast market share, detailed automated weather station market segments, market trends, and opportunities, and any further data you may need to thrive in the automatic dependent surveillance broadcast industry. The automatic dependent surveillance broadcast market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automatic dependent surveillance-broadcast market size has grown rapidly in recent years. It will grow from $0.66 billion in 2023 to $0.78 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The expansion witnessed in the historical period can be ascribed to several factors including regulatory mandates, heightened airspace capacity, government subsidies and incentives, enhanced data sharing practices, and collaborative industry partnerships.
The automatic dependent surveillance-broadcast market size is expected to see rapid growth in the next few years. It will grow to $1.57 billion in 2028 at a compound annual growth rate (CAGR) of 19%. The anticipated growth in the upcoming forecast period is expected to stem from various factors, including the escalation of air traffic volume, the widespread adoption of Unmanned Aerial Vehicles (UAVs), heightened interest in space-based ADS-B solutions, a growing emphasis on environmental sustainability measures, rising concerns surrounding cybersecurity, and ongoing modernization initiatives on a global scale. Notable trends projected for this period encompass the integration of ADS-B with unmanned traffic management systems, advancements in ADS-B technology, the emergence of autonomous aircraft, increased retrofit installations, and continued innovation in ADS-B solutions.
The rise in air traffic is expected to fuel the expansion of the automatic dependent surveillance-broadcast (ADS-B) market in the coming years. Air traffic encompasses the movement of aircraft within specific areas or along designated routes, and this sector is experiencing growth due to the development of new airports, the expansion of existing facilities, and advancements in air traffic management systems that enhance air travel capacity. ADS-B technology plays a critical role in air traffic management by providing real-time tracking and surveillance data for improved situational awareness and safety in aviation operations. For instance, data from the International Air Transport Association (IATA) in January 2024 revealed significant traffic increases for Middle Eastern and North American carriers in 2023, emphasizing the rising air traffic trends globally and the need for robust ADS-B solutions.
Key players in the automatic dependent surveillance-broadcast market are focusing on developing technologically advanced products to meet the evolving needs of their customers. One such advancement is the integrated flight deck system, which consolidates essential avionics functions into a single, integrated display unit within aircraft cockpits. For example, Garmin, a Europe-based provider of GPS technology, received approval from the European Aviation Safety Agency (EASA) in May 2021 for its G5000H integrated flight deck system. This system includes ADS-B In and Out capabilities for the Bell 505 helicopter, enhancing pilot awareness and safety by leveraging advanced ADS-B technology. Garmin's commitment to delivering cutting-edge avionics solutions aligns with the industry's demand for enhanced aircraft tracking and surveillance capabilities.
In November 2021, Collins Aerospace, a US-based technology company, made a strategic acquisition by acquiring FlightAware, a US-based digital aviation company, to bolster its offerings in the Connected Aviation Solutions business unit. FlightAware operates a network of ADS-B and Mode S receivers, contributing valuable data analytics capabilities to Collins Aerospace's portfolio. This acquisition aims to improve operational efficiency and reliability for aviation customers, highlighting the growing importance of ADS-B technology in enhancing air traffic management and aviation safety.
Major companies operating in the automatic dependent surveillance broadcast market are Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, BAE Systems plc, NEC Corporation, Thales Group, L3Harris Technologies Inc, Textron Inc, Elbit Systems Ltd, Garmin Ltd., Saab AB, Indra Sistemas S.A, Curtiss-Wright Corporation, Ultra Electronics Holdings plc, Chemring Group plc, Cobham plc, ASELSAN AS, Terma A/S, Gables Engineering, Appareo Systems, FreeFlight Systems, Aireon LLC, Gulf Coast Avionics, Southwest Antennas Inc., ADS-B Technologies LLC
North America was the largest region in the automatic dependent surveillance broadcast market in 2023. The regions covered in the automatic dependent surveillance broadcast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automatic dependent surveillance broadcast market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automatic dependent surveillance-broadcast market consists of sales of mode S transponders, extended squitter, and surveillance processors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automatic Dependent Surveillance Broadcast Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automatic dependent surveillance broadcast market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automatic dependent surveillance broadcast? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automatic dependent surveillance broadcast market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.