Flight Tracking System Market SWOT Analysis to 2027 Lead By Honeywell International, Aireon, Rockwell Collins (United Technology Corporation) Garmin, Flyht Aerospace Solutions, Spider Tracks, Skytrac Systems, Blue Sky Network

The global flight tracking system market accounted to US$ 342.0 Mn in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 - 2027, to account to US$ 549.7 Mn by 2027.

North America was the leading geographic market and it is anticipated to be the highest revenue contributor throughout the forecast period. Significant investments in the aerospace sector by Governments in the developed nations of US and Canada, is expected to fuel flight tracking system market in this region.

Worldwide Flight Tracking System Market Analysis to 2025 is a specialized and in-depth study of the Hyper Converged Infrastructure industry with a focus on the global market trend. The report aims to provide an overview of global Flight Tracking System market with detailed market segmentation by product/application and geography. The global Flight Tracking System market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Flight Tracking System players and offers key trends and opportunities in the market.

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Key Players- Honeywell International, Aireon, Rockwell Collins, Garmin, Flyht Aerospace Solutions, Spider Tracks, Skytrac Systems, Blue Sky Network among others.

Market Insights

Rising flight traffic to contribute to increased demand for new aircrafts
As per IATA (International Air Transport Association) number of passengers travelling by air is expected to reach ~7.8 billion by 2036. This growth in the passengers travelling through airways is majorly influenced by the rapidly emerging middle class segment in developing economies. Exponentially burgeoning working group in the developing region has resulted in increased disposable income and freight traffic. Majority of the rising middle class was witnessed in China and India (as described by United Nations). Furthermore, as the world continue to recover from pervious economic contractions, the demand of air travel is projected to vary widely.

System Insights:

The global flight tracking system market by system was led by ADS-B segment. The other systems for flight tracking market include FANS, ACARS, and PFTS. Automatic Dependent Surveillance-Broadcast (ADS-B) is among the advance surveillance technology available that is used for tracking aircraft. As per the technology the aircraft defines its own position through satellite navigation and broadcasts position reports within fixed intervals.

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End Use Insights:

The flight tracking system market by end use is segmented into commercial and military sectors. Liberalization of the aviation system has achieved a noteworthy progress over the years, derived by the emergence of robust and competitive airports and carriers that are thriving to become more user-friendly, sustain the growth of air traffic, optimize air space and improve connectivity amid nations and regions. The liberalization has further enabled improvised choices resulting in competitive public travelling prices.

Strategic Insights:

The market players present in flight tracking system market are mainly focusing towards product enhancements by implementing advance technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company maintain its brand name globally. Most of the market initiative were observed in Asia Pacific, North America, Europe regions, which have high density of flight tracking related solutions. Few of the recent developments are listed below:

2018: Honeywell announced partnership with FlightAware for flight tracking. The partnership is aimed to provide advanced flight tracking support to business jet owners and operations control center.

2018: Aerion and Leonardo a helicopter manufacturer signed a Memorandum of Understanding (MOU). According to the agreement Leonardo would integrate Aerion’s ADS-B into its LeadInSky air traffic management (ATM) system. This would help ANSPs to dynamically optimize flight routes and improve airspace management using real time data of the aircraft.

2018: Rockwell Collins announced a strategic partnership with FlightAware to offer Aireon Space-Based ADS-B Flight Tracking system to business aviation operators. This partnership will help the company to cater the increasing demand.

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