Global Automatic Dependent Surveillance Broadcast ADS-B Market

Automatic Dependent Surveillance Broadcast ADS-B Market Size, Share, Growth Analysis, By Component(Transponder, Receiver, Antenna, Ground Receivers), By Operation(ADS-B In, ADS-B Out), By Application(ATC Surveillance, Airborne Surveillance, Others), By Region - Industry Forecast 2025-2032


Report ID: SQSG20A2019 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 90 | Figures: 76

Automatic Dependent Surveillance Broadcast ADS-B Market Dynamics

Automatic Dependent Surveillance Broadcast ADS-B Market Driver

  • Improvement of Air Traffic Management Systems

The market is expanding as a result of rising airport investments, an increase in air travel, and upgraded infrastructure for air traffic control. More than 45,000 flights and 2.9 million airline passengers are served by the FAA's Air Traffic Organization (ATO). More than 29 million square miles of airspace are covered by the ATO. The Air Traffic Services (ATS) unit was given a budget of US$4.16 billion by the FAA. Additionally, a ten-year contract to update India's navigation, communication, and air traffic management/monitoring services was signed by the Airports Authority of India (AAI) with Boeing in June 2019. Market expansion is fueled by rising spending on air traffic control and airport renovation.

  • Adding more airports will help the market grow

The market may rise as a result of rising commercial aircraft demand brought on by an increase in air passenger traffic. The expansion of the market is fueled by the construction of new airports, particularly in the Asia Pacific region and the rising demand for unmanned aerial vehicles (UAV). In 2019, five international airports opened in the US, Vietnam, Israel, China, and Turkey. The Indian government also intends to spend US$23.7 billion on the construction of 100 airports by the year 2024. As a result, the expansion of the Automatic Dependent Surveillance-Broadcast (ADS-B) market is boosted by rising aviation sector spending all over the world.

Automatic Dependent Surveillance Broadcast ADS-B Market Restraint

  • Several concerns with the hacking and spoofing of broadcast signals used for surveillance hinder the market's expansion. Since the data being streamed by transmitters for surveillance purposes is not encrypted, anyone at the receiving end can intercept and decode it. Lack of encryption and authentication leaves the system wide open, opening it up to attacks from malevolent hackers. If the hardware system malfunctions, the pilots will also need to rely on outdated navigational technologies like the very high-frequency omnidirectional range (VOR). As a result, data spoofing and hardware system failures limit market expansion.
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FAQs

On the basis of type, Automatic Dependent Surveillance-Broadcast (ADS-B) Market is segmented into on-board and ground stations.

Rise in the cost and affordability for small aircraft operators acts as a major challenge for the Automatic Dependent Surveillance-Broadcast (ADS-B) Market.

Automatic Dependent Surveillance Broadcast ADS-B Market size was valued at USD 590.09 million in 2019 and is poised to grow from USD 703.2 million in 2023 to USD 2800 million by 2031, growing at a CAGR of 19% in the forecast period (2024-2031).

The market for Automatic Dependent Surveillance Broadcast ADS-B is fairly competitive and has players spread across various parts of the world. Key players are undergoing mergers and acquisitions to surpass the boundaries and extent beyond their current presence. For instance, Aspen Avionics Inc. broadened its horizon by developing drone services and cargo delivery. 'Garmin Ltd.', 'Honeywell International Inc.', 'Rockwell Collins, Inc.', 'Thales Group', 'L3Harris Technologies, Inc.', 'Indra Sistemas, S.A.', 'Aireon LLC', 'Raytheon Company', 'Leonardo S.p.A.', 'Saab AB', 'Intelcan Technosystems Inc.', 'Aspen Avionics Inc.', 'Navtech, Inc.', 'Sagetech Corporation', 'Trig Avionics Limited', 'ACSS (Aviation Communication & Surveillance Systems)', 'FreeFlight Systems', 'uAvionix Corporation', 'Becker Avionics GmbH', 'Flight Data Systems Pty Ltd.'

Improvement of Air Traffic Management Systems

The Aviation sector is into demand because of the geographies connecting across the globe and globalization coming into picture as rapidly as it can. Therefore this sector is likely to grow with a substantial CAGR during the forecast period of the report.

The North American region held the most lucrative segment of the market and is predicted to lead over the forecast period. Due to the FAA requirement that all aircraft have ADS-B installed as well as the existence of component integrators, Original Equipment Makers (OEMs), and subcomponent manufacturers in this area, North America is anticipated to dominate the ADS-B market from 2022. These elements are fueling the ADS-B market's expansion in North America. Major aeroplane manufacturers have already added ADS-B as a forward fit option to their newly constructed aircraft. ADS-B systems are being retrofitted on board other aircraft by other owners.

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Global Automatic Dependent Surveillance Broadcast ADS-B Market

Report ID: SQSG20A2019

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