USD 481.75 billion
Flight Tracking System Market Size, Share, Growth Analysis, By Type(ADS-B, ACARS, FANS), By Component(Hardware, Software, Services (Maintenance Services, Installation Services), By Aircraft Type(Commercial Aircraft, General Aviation, Military Aviation), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20S2016 |
Region:
Global |
Published Date: July, 2024
Pages:
202
|Tables:
64
|Figures:
75
Flight Tracking System Market Insights
Flight Tracking System Market size was valued at USD 481.75 million in 2022 and is poised to grow from USD 508.25 Million in 2023 to USD 780 million by 2031, growing at a CAGR of 5.52% in the forecast period.
The Global Flight Tracking System Market is experiencing incredible growth propelled through the aviation industry's increasing emphasis on actual-time monitoring and more suitable safety measures. Flight monitoring systems, leveraging superior technology like Automatic Dependent Surveillance–Broadcast (ADS–B) and satellite-primarily based tracking, are getting quintessential for airlines and regulatory authorities. The number one drivers encompass regulatory mandates for progressed plane monitoring, the need for green air visitors management, and the developing demand for superior situational attention. Additionally, the aviation sector's pursuit of operational performance and passenger protection contributes to the full-size adoption of superior flight tracking answers. As airlines are seeking for to comply with evolving protection standards and address airspace congestion demanding situations, the Flight Tracking System Market is poised for non-stop expansion.
Market Snapshot - .
Global Market Size
Largest Segment
Satellite-Based Tracking
Fastest Growth
ADS–B, FLARM (Collision Avoidance System)
Growth Rate
5.52% CAGR
Global Flight Tracking System Market ($ Bn)
Country Share for North America Region (%)
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Flight Tracking System Market Segmental Analysis
The Flight Tracking System Market is segmented on the basis of type, component, aircraft type, and region. Based on type, the market is segmented into ADS-B, ACARS, FANS. Based on component, the market is segmented into Hardware, Software, and Services (Maintenance Services, Installation Services, Consulting Services). Based on aircraft type, the market is segmented into Commercial Aircraft, General Aviation, and Military Aviation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Analysis by System
Satellite-primarily based monitoring systems are in all likelihood to dominate because of their international coverage, providing real-time aircraft monitoring even in far flung or oceanic areas. The expanded reliability and accuracy provided via satellite tv for pc-based total technology lead them to a desired preference for comprehensive flight tracking answers, aligning with the worldwide nature of aviation operations.
ADS–B is expected to be the fastest-growing phase. With regulatory mandates and tasks promoting ADS–B for stepped forward air site visitors surveillance and management, the demand for this generation is predicted to surge. The potential of ADS–B to offer real-time information change between aircraft and ground stations complements situational recognition and supports more green air visitors operations, contributing to its speedy growth.
Analysis by End User
Commercial aviation is likely to dominate the market because of the excessive-extent air visitors associated with airlines worldwide. Stringent rules and the imperative for airways to make sure passenger safety and follow aviation authorities make a contribution to the full-size adoption of advanced flight tracking systems. Additionally, the need for efficient fleet control and actual-time tracking similarly positions commercial aviation as a dominant give up-consumer phase.
General aviation might also enjoy speedy growth as improvements in flight monitoring technology make such systems greater reachable to smaller planes. The increasing affordability of flight monitoring answers, coupled with a rising attention of the blessings of real-time tracking in small and private planes, contributes to the segment's growth. Regulatory tendencies emphasizing better safety measures for well known aviation also drive the adoption of advanced flight tracking structures in this phase.
Global Flight Tracking System Market By Satellite
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Flight Tracking System Market Regional Insights
North America is able to dominate the market due to stringent regulatory requirements, specifically in the United States, emphasizing superior flight monitoring structures. The region's sturdy aviation infrastructure, large-scale industrial aviation operations, and a strong recognition of safety standards contribute to the dominance of North America within the Flight Tracking System marketplace.
Asia-Pacific is expected to be the quickest-growing region. The area's burgeoning aviation industry, improved air travel call for, and efforts to enhance air visitors control structures contribute to the adoption of advanced flight tracking technology. Additionally, the implementation of regulatory measures to improve aviation protection in addition accelerates the growth of the Flight Tracking System market inside the Asia-Pacific region.
Global Flight Tracking System Market By Region
- Largest
- Fastest
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Flight Tracking System Market Dynamics
Drivers
Increasing Commitment To Enhancing Safety And Operational Efficiency
- The steadfast commitment to enhancing safety and operational efficiency. In reaction to high-profile incidents and regulatory mandates, there is a rising call for real-time plane monitoring solutions, positioning flight monitoring systems as crucial equipment for each commercial and army aviation. Additionally, improvements in satellite tv for pc-based tracking technology, including ADS–B and FLARM, play a pivotal function in using adoption.
Restraints
High Complexity Of Integrating Diverse Tracking Technologies
- One of the primary market restraints is the complexity of integrating various tracking technologies throughout the worldwide aviation landscape, which could lead to interoperability demanding situations and avert seamless communique among distinct systems. Additionally, worries about information privacy and security pose restraints, especially as real-time monitoring involves the transmission and garage of sensitive flight records.
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Flight Tracking System Market Competitive Landscape
The competitive environment of the Flight Tracking System marketplace is dynamic and is characterized by using a mixture of hooked up gamers and revolutionary entrants vying for marketplace share. Major aerospace and defense companies, together with era carriers focusing on aviation solutions, contribute to the dynamism of the arena. Competition revolves across the improvement of advanced monitoring technology, including satellite-primarily based systems and ADS–B integration, in addition to comprehensive fleet monitoring skills.
Top Player’s Company Profiles
- Honeywell International Inc.
- Rockwell Collins, Inc.
- Garmin International Inc.
- FLYHT Aerospace Solutions Ltd.
- SKY TRAC SYSTEMS LTD.
- Spider Tracks Limited
- BLUE SKY NETWORK
- Aireon LLC
- Navair Technologies Inc.
- AirNav Systems LLC
- Thales Group
- Collins Aerospace (part of Raytheon Technologies)
- L3 Harris Technologies
- FlightAware
- OpenSky Network
- Planefinder.net
- FlightRadar24
- ADS-B Exchange
- FlightView
- FlightStats
Recent Developments
- November 2023: In alignment with the previously disclosed Agreement and Plan of Merger dated July 28, 2022, regarding JetBlue Airways Corporation (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (NYSE: SAVE), JetBlue has detailed November 24, 2023
- December 2023: Korean Air anticipates finalizing the acquisition of fellow compatriot Asiana Airlines in 2024, acknowledging that the duration of the method has handed preliminary expectations. In a New Year's Day message to employees, airline chief Walter Cho expresses self assurance that the merger
Flight Tracking System Key Market Trends
- Rising Integration Of Advanced Satellite-Based Tracking Technologies: Rising Integration Of Advanced Satellite-Based Tracking Technologies: The growing integration of advanced satellite-based tracking technology, such as Automatic Dependent Surveillance–Broadcast (ADS–B) and FLARM, supplying more correct and actual-time plane tracking competencies. The enterprise is also experiencing a shift toward cloud-based totally solutions, permitting seamless information sharing and accessibility throughout exceptional stakeholders.
Flight Tracking System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Flight Tracking System market evaluation is a dynamic marketplace with a number of standout developments and difficulties. The market is propelled through the aviation industry's emphasis on real-time monitoring, regulatory necessities, and safety measures. Satellite-based technologies like ADS–B pressure boom, enhancing situational consciousness. However, interoperability demanding situations and facts protection worries pose restraints. Product-sensible, ADS–B and FLARM dominate, imparting comprehensive monitoring solutions.
Regionally, North America leads due to stringent policies, whilst the Asia-Pacific suggests fast increase with expanding aviation markets. Key trends encompass the integration of AI for predictive analytics and the adoption of cloud-based total answers, reflecting the market's dynamic shift toward advanced and stable flight tracking systems.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 481.75 million |
| Market size value in 2031 | USD 780 million |
| Growth Rate | 5.52% |
| Base year | 2023 |
| Forecast period | . |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Flight Tracking System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Flight Tracking System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Flight Tracking System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flight Tracking System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flight Tracking System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flight Tracking System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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