Global Automatic Dependent Surveillance Broadcast Market Strategies 2024, Forecast To 2033
25 Jul, 2024
The automatic dependent surveillance-broadcast market size has experienced rapid growth, increasing from $0.66 billion in 2023 to $0.78 billion in 2024 at a CAGR of 18.7%. This growth in the historic period is driven by regulatory mandates for improved airspace management, government incentives, enhanced data sharing capabilities, and strategic partnerships within the aviation industry. Looking ahead, the market is expected to grow to $1.57 billion in 2028 with a CAGR of 19%, propelled by rising air traffic volumes, the proliferation of unmanned aerial vehicles (UAVs), adoption of space-based ADS-B solutions, and heightened focus on environmental sustainability and cybersecurity measures. Key trends in the forecast period include the integration of ADS-B with unmanned traffic management systems, technological advancements in ADS-B technologies, emergence of autonomous aircraft solutions, retrofit installations, and innovations in ADS-B functionalities.
Major Driver In The Automatic Dependent Surveillance Broadcast Market
The automatic dependent surveillance-broadcast (ADS-B) market is anticipated to grow with the expansion of air traffic. Factors such as new airport constructions, facility expansions, and enhanced air traffic management systems contribute to increased flight capacity. ADS-B technology enhances safety and situational awareness by providing real-time aircraft tracking and surveillance data. For example, in 2023, Middle Eastern airlines saw a 33.3% increase in traffic and a 26.0% rise in capacity, while North American carriers reported a 28.3% increase in traffic and a 22.4% rise in capacity. These developments underscore ADS-B's role in improving air traffic management and driving market growth, projected to reach $D billion in 2023, $E billion in 2024, and $F billion by 2028.
Request A Free Sample Of The Global Automatic Dependent Surveillance Broadcast Market ReportAutomatic Dependent Surveillance Broadcast Market Competitive Landscape
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
Key Automatic Dependent Surveillance Broadcast Market Trend
Major companies in the automatic dependent surveillance-broadcast market are developing technologically advanced products, such as integrated flight deck systems, to better serve customers with advanced features. Integrated flight deck systems combine essential avionics functions into a single display unit within an aircraft cockpit. For example, in May 2021, Garmin, a Europe-based GPS technology provider, received approval from the European Aviation Safety Agency (EASA) for the G5000H, an integrated flight deck system with ADS-B In and Out functions for the Bell 505 helicopter. This upgrade enhances pilot awareness and safety, aligning with Garmin's commitment to cutting-edge avionics solutions.
Purchase The Global Automatic Dependent Surveillance Broadcast Market Report Directly And Get A Swift DeliveryAutomatic Dependent Surveillance Broadcast Market Segmentation
The automatic dependent surveillance broadcast market covered in this report is segmented –
1) By Type: ADS-B Out, ADS-B In, ADS-B Ground Stations
2) By Fit: Retro Fit, Line Fit
3) By Platform: Fixed Wing, Rotary Wing
4) By Application: Terminal Maneuvering Area Surveillance, Airborne Surveillance, Automatic Dependent Surveillance
5) By Distribution: Aftermarket, Original Equipment Manufacturer (OEM)
By Geography:The regions 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.
North America was the largest region in the automatic dependent surveillance broadcast market in 2023.
The Automatic Dependent Surveillance Broadcast Global Market Report 2024 furnishes information about the global automatic dependent surveillance broadcast market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.