Automatic Dependent Surveillance Broadcast (ADS-B) Market Overview:
Automatic dependent surveillance broadcast market is likely to witness an impressive CAGR of 22.2% during the forecast period.
Drivers
- Implementation of ADS-B in aircraft attends to one of the most contributing factors underpinning the growth of the global ADS-B market.
- Upgradations in air traffic management infrastructure and development of new airports worldwide are the add-on factors fueling the demand for ADS-B.
- Rising volume of UAVs in airspace has further triggered off the need for integrating unmanned aerial vehicles equipped with air traffic control systems, which, in turn, is expected to drive the growth of the ADSurveillance-Broadcastforecast period.
Key Players:
- Aspen Avionics, Inc.
- Avidyne Corporation
- Esterline Technologies Corporation
- FreeFlight Systems, Inc.
- Garmin Ltd.
- Harris Corporation
- Honeywell International, Inc.
- Indra Sistemas, S.A.
- L-3 Technologies, Inc.
- Rockwell Collins, Inc.
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Regional insights
North America is estimated to dominate the ADS-B market during the forecast period, owing to the FAA mandate for ADS-B installation on all aircraft and the regional presence of component integrators, Original Equipment Manufacturers (OEMs), and subcomponent manufacturers. These factors are propelling the growth of the North American ADS-B market. Giant aircraft manufacturers have already incorporated ADS-B in their new manufactured aircraft as a forward fit option. Further, other aircraft owners are retrofitting ADS-B systems onboard their aircraft. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
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