Dublin, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The "Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global Automatic Dependent Surveillance-Broadcast (ADS-B) market demonstrated a value of USD 640.6 million in 2022. Fueled by the rapid expansion of the aviation sector in emerging economies, the market is poised for further growth at a Compound Annual Growth Rate (CAGR) of 15.1% between 2023 and 2028. This projection points towards the market reaching a value of USD 1,439.6 million by 2028.
What is ADS-B?
Automatic Dependent Surveillance-Broadcast (ADS-B) is an advanced surveillance technology that establishes a communication link between an aircraft and air traffic control systems. It integrates an aircraft's positioning source, avionics, and ground infrastructure to broadcast vital information about the aircraft, including real-time location, height, velocity, and fuel status. This technology optimizes operational efficiency in aviation.
Market Drivers
- Thriving Aviation Sector: The robust growth of the aviation sector, particularly in emerging economies, is a key driver of the ADS-B market. The development of new airports and expansion of the aviation industry contribute to this growth.
- Air Traffic Management Modernization: The modernization of air traffic management infrastructure, driven by increasing domestic and international travelers, plays a pivotal role in shaping the ADS-B market.
- Wide Application: ADS-B technology finds applications in radar and non-radar airspace, airport surface surveillance, trail procedures in oceanic airspace, and various flight operations, further boosting market growth.
Key Benefits and Impact
ADS-B technology offers numerous benefits, including accurate tracking, ground track information, enhanced pilot and controller situational awareness, improved safety and security, and cost-effectiveness. It contributes to reducing CO2 emissions, aligning with government policies aimed at carbon footprint reduction. The increasing adoption of unmanned aerial vehicles (UAVs) in aviation and investments in developing compact surveillance-broadcast universal access transceivers (UAT) for UAVs are shaping market dynamics.
Geographical Insights
- North America: Holds a significant market share due to its well-established aviation sector, strong economies like the United States, growing air travel, and investments in aviation automation.
- Asia Pacific: Commands a substantial share due to rapid urbanization, emerging private players in countries like India and China, and the growing aviation sector.
Market Segmentation
The market is segmented based on type, application, fit, component, platform, and region.
- Type: On-Board, Ground Stations
- Application: Terminal Manoeuvring Area (TMA) Surveillance, Airborne Surveillance
- Fit: Line Fit, Retrofit
- Component: Transponder, Receiver, Antenna
- Platform: Fixed Wing, Rotary Wing
- Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Key Players
Major players in the ADS-B market include Honeywell International, Inc, L-3 Technologies, Inc, Indra Sistemas, S.A, Garmin Ltd, Collins Aerospace Inc, and Aireon LLC, among others.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 119 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $711.4 Million |
| Forecasted Market Value (USD) by 2028 | $1439.6 Million |
| Compound Annual Growth Rate | 15.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/vz1ujk
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