What Is The Overview Of The Global Automatic Dependent Surveillance Broadcast Market?
Automatic dependent surveillance-broadcast (ADS-B) is an aviation surveillance technology where aircraft automatically provide data, such as identification, position, altitude, and additional information, via a data link derived from onboard navigation systems. This data is broadcasted for use by other aircraft, vehicles, and ground facilities without the need for external stimulus.
Automatic Dependent Surveillance Broadcast Global Market Report 2024 provides data on the global automatic dependent surveillance broadcast market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Automatic Dependent Surveillance Broadcast market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Automatic Dependent Surveillance Broadcast Market Expected To Grow In Size And Annual Rates?
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.
What Main Forces Are Fueling Expansion In The Automatic Dependent Surveillance Broadcast Market?
The automatic dependent surveillance-broadcast (ADS-B) market is anticipated to grow alongside increasing air traffic. Air traffic expansion, driven by new airport constructions, facility expansions, and enhanced air traffic management systems, supports increased flight capacity. ADS-B enhances safety and situational awareness by providing real-time aircraft tracking and surveillance data. For example, in 2023, Middle Eastern airlines experienced a 33.3% increase in traffic and a 26.0% rise in capacity, with North American carriers reporting a 28.3% year-on-year traffic increase and a capacity growth of 22.4%. These developments underscore ADS-B's role in bolstering air traffic management and driving market growth through 2023, 2024, and 2028.
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What Are The Primary Segments In The Global Automatic Dependent Surveillance Broadcast Market?
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)
Which Key Trends Are Driving Changes In The Automatic Dependent Surveillance Broadcast Market?
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.
What Is The Leading Region In The Automatic Dependent Surveillance Broadcast Market?
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.
