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

Global 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).

Air traffic controllers on the ground and pilots in the cockpit can both identify aircraft traffic with a high degree of precision thanks to Automatic Dependent Surveillance-Broadcast (ADS-B). It also gives pilots access to real-time weather information, which greatly improves their situational awareness and increases flight safety. Its transceivers allow aircraft to broadcast their precise location in space along with other information like airspeed, altitude, and whether they are ascending or descending. Users can obtain a highly accurate description of real-time aviation traffic, both in the air and on the ground, thanks to Automatic Dependent Surveillance-Broadcast (ADS-B), which is integrated into the air traffic control system or installed on other aircraft. 

With the aid of satellite-based GPS, Automatic Dependent Surveillance-Broadcast (ADS-B) pinpoints the precise location of an aircraft in space. The location data is broadcast several times per second along with other pieces of information like the type of aircraft, speed, flight number, and whether it is ascending, descending, or turning. The broadcast is gathered by nearby ground stations and other aircraft with Automatic Dependent Surveillance-Broadcast (ADS-B) capabilities. In order to retransmit the information to aircraft in the zone, ground stations combine the Automatic Dependent Surveillance-Broadcast (ADS-B) transmission received from the various local area aircraft with other location data gathered from ground radar for non-ADS-B equipped aircraft. The aircraft equipped with Automatic Dependent Surveillance-Broadcast (ADS-B) then displays this air traffic and weather information.

The main factor accelerating the market growth is the aviation industry's increased emphasis on safety. Other major drivers of the market growth for automatic dependent surveillance-broadcast (ADS-B) include an increase in the construction of new airports and an increase in the use of ADS-B for unmanned aerial vehicles (UAVs). In addition, the automatic dependent surveillance-broadcast (ADS-B) market manufacturers will have new possibilities during the forecast period of 2021–2028 due to an increase in research and development efforts in the market and an increase in demand from emerging economies. However, the key issue limiting the growth of the automatic dependent surveillance-broadcast (ADS-B) market in the projection future is the increase in cost and affordability for small aircraft operators.

US Automatic Dependent Surveillance Broadcast ADS-B Market is poised to grow at a sustainable CAGR for the next forecast year.