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 2024-2031

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 If the hardware system malfunctions, the pilots will also need to rely on outdated navigational technologies like the very high-frequency omnidirectional range (VOR).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.