Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market Report 2023: Modernisation of Air Traffic Management System Infrastructure Bolsters Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

According to the report by the publisher, the global automatic dependent surveillance-broadcast (ADS-B) market attained a value of USD 640.6 million in 2022.

Aided by the rapid expansion of the aviation sector across emerging economies, the market is projected to further grow at a CAGR of 15.1% between 2023 and 2028 to reach a value of USD 1,439.6 million by 2028.

Modernisation of air traffic management system infrastructure, owing to the increasing number of domestic and international travellers, is playing a pivotal role in the ADS-B market. Meanwhile, the increasing application of automatic dependent surveillance-broadcast (ADS-B) radar and non-radar airspace, airport surface surveillance, trail procedure in oceanic airspace, and during several flight operations, are expected to provide impetus to the automatic dependent surveillance-broadcast (ADS-B) market in the forecast period.

An automatic dependent surveillance-broadcast (ADS-B) is accurate, provides ground track, and information about the aircraft distance from radar, which improves pilot and controller situational awareness, thereby improving safety and security while flying. In addition, ADS-B enhances the capabilities of an aircraft, is cost-effective, and does not require any external stimulus. Automatic dependent surveillance-broadcast also contributes towards the reduction of CO2.

In this regard, the favourable policies of various governments aimed towards reducing their carbon footprints are likely to upscale the automatic dependent surveillance-broadcast (ADS-B) market growth in the coming years. The increasing incorporation of unmanned aerial vehicles (UAVs) in the aviation sector is further shaping the ADS-B market dynamics. In addition, the rising investments towards developing compact surveillance-broadcast universal access transceiver (UAT) for UAVs is expected to be a crucial trends in this market.

In geographical terms, North America accounts for a significant share in the ADS-B market. The market driving factors in this region include well-established aviation sector across strong economies such as the United States, rising number of air travellers, and increasing investments towards automation in the aviation sector.

Meanwhile, the Asia Pacific holds a considerable share in the automatic dependent surveillance-broadcast (ADS-B) market, driven by rapid urbanisation and emergence of private market players across developing nations like India and China.

Market Segmentation

The market can be divided on the basis of type, application, fit, component, platform, and region.

Market Breakup by Type

• On-Board
• Ground Stations

Market Segmentation by Application

• Terminal Manoeuvring Area (TMA) Surveillance
• Airborne Surveillance

Market Classification by Fit

• Line Fit
• Retrofit

Market Categorisation by Component

• Transponder
• Receiver
• Antenna

Market Segmentation by Platform

• Fixed Wing
• Rotary Wing

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Key Topics Covered:

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

4 Key Assumptions

5 Executive Summary

6 Market Snapshot

7 Opportunities and Challenges in the Market

8 Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market Analysis

9 North America Automatic Dependent Surveillance-Broadcast (ADS-B) Market Analysis

10 Europe Automatic Dependent Surveillance-Broadcast (ADS- B) Market Analysis

11 Asia Pacific Automatic Dependent Surveillance-Broadcast (ADS-B) Market Analysis

12 Latin America Automatic Dependent Surveillance-Broadcast (ADS-B) Market Analysis

13 Middle East and Africa Automatic Dependent Surveillance-Broadcast (ADS-B) Market Analysis

14 Market Dynamics

15 Competitive Landscape

16 Key Trends and Developments in the Market

Companies Mentioned

• Honeywell International, Inc.
• L-3 Technologies, Inc.
• Indra Sistemas, S.A
• Garmin Ltd.
• Collins Aerospace Inc
• Aireon LLC

For more information about this report visit https://www.researchandmarkets.com/r/ytyomk

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