Press release
Soaring Demand Set to Propel Automatic Dependent Surveillance Broadcast Market to $1.87 Billion by 2029
Automatic Dependent Surveillance Broadcast Market
What Is the Expected CAGR for the Automatic Dependent Surveillance Broadcast Market Through 2025?
There has been fast-paced expansion in the market size of the automatic dependent surveillance broadcast in the past few years. The market which is projected to be worth $0.78 billion in 2024 is expected to escalate to $0.93 billion in 2025, experiencing a compound annual growth rate (CAGR) of 19.3%. Governing regulations, augmented airspace capacity, support and incentives from the government, better data exchange, and collaborations in the industry have largely contributed to this substantial growth in the historic phase.
What's the Projected Size of the Global Automatic Dependent Surveillance Broadcast Market by 2029?
The market for automatic dependent surveillance broadcast is poised for striking growth in the upcoming years, with projections indicating a rise to $1.87 billion by the year 2029, facilitated by a compound annual growth rate (CAGR) of 18.9%. The acceleration during this forecast period can be traced back to factors such as rising air traffic, the spreading use of UAVs, burgeoning interest in space-based ADS-B solutions, heightened focus on environmental sustainability, cybersecurity issues, and global modernization initiatives. Notable trends for this period encompass integration with unmanned traffic management systems, advancements in ADS-B technology, the advent of autonomous aircraft, retrofit installations, and innovation within the ADS-B sphere.
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Top Growth Drivers in the Automatic Dependent Surveillance Broadcast Industry: What's Accelerating the Market?
The automatic-dependent surveillance-broadcast market is poised for growth, fuelled by escalating air traffic. An increase in aircraft movement within specific regions or along certain routes, referred to as air traffic, is seen due to the construction of new airports, extension of the existing structures, and enhancement of air traffic management systems. These infrastructural improvements have expanded air travel capacity. The automatic dependent surveillance-broadcast (ADS-B) subsequently ameliorates air traffic management by supplying real-time aircraft tracking and surveillance data, ensuring improved situational consciousness and safety. The International Air Transport Association (IATA), a Swiss-based airlines and aviation association, reported in January 2024 that in 2023, the Middle East airlines experienced a 33.3% traffic upsurge compared to 2022, coupled with a 26.0% capacity augmentation and a load factor of 80.1%. Simultaneously, North American carriers recorded a 28.3% annual upturn in traffic, accompanied by a 22.4% capacity enhancement and an 84.6% load factor. Thus, the mounting air traffic propels the growth of the automatic dependent surveillance-broadcast market.
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What Trends Will Shape the Automatic Dependent Surveillance Broadcast Market Through 2029 and Beyond?
Leading corporations in the automatic dependent surveillance-broadcast market are concentrating on generating tech-savvy solutions such as visualization of essential metrics for heightened security. Progressions in the field, like AI analytics and compact systems, are increasingly contributing to efficient air traffic control across a range of aircraft. To clarify, visualizing key metrics involves the generation of graphic illustrations of crucial data to simplify comprehension of performance and general trends. For example, US-based manufacturer Aireon LLC, which provides real-time global air traffic surveillance data, has initiated a Safety Dashboard. The Safety Dashboard intensifies aviation security through real-time observation and analysis of vital risk indicators, thereby enabling proactive risk management. The intention of the Dashboard is to incite data-driven decisions, foster compliance, and encourage a robust safety ethos within organizations.
What Are the Main Segments in the 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: After market, Original Equipment Manufacturer (OEM)
Subsegments:
1) By ADS-B Out: Transmitters, Surveillance Equipment, Avionics Integration
2) By ADS-B In: Receivers, Display Systems, Flight Monitoring Systems
3) By ADS-B Ground Stations: Ground Surveillance Stations, Communication Equipment, Data Processing Systems
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Which Top Companies are Driving Growth in the Automatic Dependent Surveillance Broadcast Market?
Major companies operating in the automatic dependent surveillance broadcast market report are 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
Which Regions Will Dominate the Automatic Dependent Surveillance Broadcast Market Through 2029?
North America was the largest region in the automatic dependent surveillance broadcast market in 2024. 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.
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