Press release
Automatic Dependent Surveillance Broadcast (ADS-B) Market Value Projected to Expand by 2029
Automatic Dependent Surveillance Broadcast (ADS-B) Market is a satellite based surveillance technology that is widely applicable for aircraft positioning and its determination via satellite navigation. The Global Automatic Dependent Surveillance Broadcast (ADS-B) market is projected to grow at a significant rate and is estimated to register $1316.9 million by 2022. The market is anticipated to grow with a magnificent CAGR of 20.6% during the forecast period 2021-2027. The factors expected to drive the global market of Automatic Dependent Surveillance Broadcast are mainly- increase in the need for an efficient surveillance system, and increase in airspace congestion and collective efforts to deduct fuel emission. Additionally, the modernization of existing airports and increase in the construction of new Greenfield airports will also propel the market growth of Automatic Dependent Surveillance Broadcast (ADS-B).The market growth and its driving factors are described on the basis of segmental analysis of the Global Automatic Dependent Surveillance Broadcast (ADS-B) market. Based on the type, the Automatic Dependent Surveillance Broadcast market is led by the ADS-B out segment. The ADS-B out segment is expected to register the highest share and largest market size, due to increase in air traffic and air congestion. Along with this, the growing needs of advanced aerospace capabilities are some major factors that drive the market growth of the ADS-B out segment, which positively impacts the Global Automatic Dependent Surveillance Broadcast (ADS-B) market.
Based on the component segment, the market is dominated by the receiver segment. The receiver segment is expected to drive the growth of the ADS-B market with the highest CAGR of XX%, due to increasing demand in aircraft application. The receiver onboard delivers potential benefits for aircraft operators and access advisory services such as- flight information service broadcast (FIS-B) and traffic information service broadcast (TIS-B) to the pilot cockpit. Based on the region, the market is dominated by North-America. The North-American region focuses on increasing the implementation of ADS-B in airlines, to make travelling safer and efficient. This factor is projected to drive the growth of the Global Automatic Dependent Surveillance Broadcast (ADS-B) market.
To Request a Sample of our Report on Automatic Dependent Surveillance Broadcast (ADS-B) Market: https://www.omrglobal.com/request-sample/automatic-dependent-surveillance-broadcast-ads-b-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By Application
By Fit
By Component
By Platform
Competitive Landscape- Honeywell international Inc., Esterline Technologies Corp., Avidyne Corp., Rockwell Collins Inc., L3 Technologies Inc., among others.
Automatic Dependent Surveillance Broadcast (ADS-B) Market Report Segment
By Type
ADS-B Out,
ADS-B In,
ADS-B Ground Station
By Application
Terminal Maneuvering Area surveillance
Airborne Surveillance
By Fit
Line Fit
Retrofit
By Component
Transponder
Receiver
Antenna
Others
By Platforms
Fixed wings
Rotary wings
A full Report of Automatic Dependent Surveillance Broadcast (ADS-B) Market is Available at: https://www.omrglobal.com/industry-reports/automatic-dependent-surveillance-broadcast-ads-b-market
Automatic Dependent Surveillance Broadcast (ADS-B) Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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