Automatic Dependent Surveillance Broadcast (ADS-B) Market is expected to grow at a CAGR of 22.2% during the next five years, according to a newly added report by Stratview Research. 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 the development of new airports worldwide are the add-on factors fueling the demand for ADS-B. The 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 Automatic Dependent Surveillance Broadcast (ADS-B) Market during the forecast period.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other vital details. The market has been segmented in six ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different types, the ADS-B In segment is estimated to register the highest growth during the forecast. This growth is mainly attributed to the additional safety features and situational cognizance that ADS-B In provides to aircraft pilots.
The TMA surveillance is projected to register the largest share of the market in the coming five years, in the segment of application type.
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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. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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The report further mentions about the key manufacturing 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., and Rockwell Collins Inc who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Automatic Dependent Surveillance Broadcast (ADS-B) Market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Automatic Dependent Surveillance Broadcast (ADS-B) Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
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Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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