PUBLISHER: The Insight Partners | PRODUCT CODE: 1874046
PUBLISHER: The Insight Partners | PRODUCT CODE: 1874046
The automatic dependent surveillance-broadcast (ADS-B) market is anticipated to grow from US$876.62 million in 2024 to US$3,214.5 million by 2031, reflecting a compound annual growth rate (CAGR) of 20.61% during the period from 2031 to 2031. Key factors propelling the growth of the ADS-B market include the rise of portable ADS-B systems, the establishment of regulations for ADS-B integration, and increased investments aimed at expanding aircraft fleets.
Analysis of the Automatic Dependent Surveillance-Broadcast Market
The global surge in aircraft orders and deliveries, along with regulatory requirements for ADS-B usage, is significantly enhancing the adoption of this technology. Furthermore, growing investments in upgrading commercial airports with state-of-the-art facilities and technologies are expected to further drive ADS-B adoption. Additionally, military applications of ADS-B, as endorsed by aviation authorities in countries like the US, are likely to create substantial growth opportunities for ADS-B manufacturers in the forecast period. The introduction of portable ADS-B systems, which reduce manufacturing and installation costs compared to standard ADS-B, is also expected to support market growth.
Overview of the Automatic Dependent Surveillance-Broadcast Market
ADS-B is a surveillance method that does not require external stimuli, relying instead on aircraft and airport vehicles to broadcast their position, identity, and other data from onboard systems such as GNSS. This technology offers high performance, environmental sustainability, global interoperability, and enhanced capacity and safety. Moreover, the infrastructure for ADS-B surveillance is more cost-effective than traditional primary radar systems, making it an economical choice for surveillance. The anticipated increase in global aircraft fleet investments is expected to further stimulate the growth of the ADS-B market. The commercial aviation sector is projected to expand in the coming years due to a rising number of air travelers and new aircraft acquisitions. Regions such as North America, Europe, and Asia Pacific are experiencing increasing air passenger traffic, which is driving demand for commercial aircraft. In Asia Pacific, particularly in China and India, the cost-effectiveness of commercial aircraft for domestic travel is expected to further boost market growth in the near future.
Strategic Insights
Drivers and Opportunities in the Automatic Dependent Surveillance-Broadcast Market
Growing Investment in Commercial Airports
The increasing number of commercial airports globally is contributing to the rising adoption of ADS-B technology. This technology is currently being implemented in regions such as Europe, North America, and Asia. As commercial airport infrastructure expands or existing airports are renovated, the number of ground equipment, including air traffic control (ATC) terminals, is also increasing, thereby enhancing the use of ADS-B for aircraft tracking. For instance, Chongqing Jiangbei International Airport (CQIA) in China, one of the largest airports, is undergoing significant expansion to achieve international air hub status by 2035. Similarly, Beijing Daxing International Airport is also receiving investments for development.
SE Lithuanian Airports has secured an €81 million (US$70 million) loan from the Nordic Investment Bank to modernize Lithuania's three main airports: Vilnius, Kaunas, and Palanga. Such modernization projects are expected to accelerate the adoption of advanced technologies, including ADS-B. Investment data indicates that North America is set to invest US$20 billion, Asia Pacific US$90.86 billion, South America US$1.12 billion, and the Middle East & Africa US$42.92 billion in airport development and upgrades.
These investments in constructing new airports and modernizing existing ones are likely to enhance the deployment of advanced surveillance technologies, thereby positively impacting the ADS-B market growth.
ADS-B Deployment for Military Applications
The application of ADS-B is expanding to ensure accurate aircraft tracking. With ongoing technological advancements, the integration of ADS-B in military aircraft is increasing. According to the US Air Force, the Pentagon plans to equip 2,936 aircraft with ADS-B Out as mandated by the FAA. By 2031, the US Department of Defense (DoD) aims for approximately 62% of its aircraft to be equipped with ADS-B Out, including over 67% of helicopters, 35% of fighter jets, and 100% of mobility, trainer, and command & control/intelligence, surveillance, and reconnaissance (C2/ISR) aircraft. This includes 1,129 helicopters, 259 C2/ISR aircraft, 923 mobility aircraft, and 625 trainers. The extensive deployment of ADS-B in military aviation is expected to significantly influence the growth of the ADS-B market.
Segmentation Analysis of the Automatic Dependent Surveillance-Broadcast Market
The ADS-B market analysis is segmented by type and end-user.
Geographical Market Share Analysis for Automatic Dependent Surveillance-Broadcast
The geographical analysis of the ADS-B market is divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
In 2023, North America led the ADS-B market, being the most technologically advanced region with major economies such as the US, Canada, and Mexico. These countries are characterized by high living standards, significant disposable incomes, and rapid advancements in aerospace engineering and airport construction. North America has the largest fleet of commercial and military aircraft globally. The substantial number of operational commercial and military fleets, along with a high average passenger mile traveled, has driven demand for airport and aircraft communication components. The region has a significant presence of both commercial and military airports, many of which are upgrading to ADS-B and related systems for ground and aircraft signal reception.
Scope of the Automatic Dependent Surveillance-Broadcast Market Report
Recent Developments in the Automatic Dependent Surveillance-Broadcast Market
The ADS-B market evaluation is based on qualitative and quantitative data collected through primary and secondary research, including key corporate publications, association data, and databases. Recent developments in the ADS-B market include:
Coverage and Deliverables of the Automatic Dependent Surveillance-Broadcast Market Report
The report titled "Automatic Dependent Surveillance-Broadcast Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas: