DUBLIN, Dec. 4, 2023 /PRNewswire/ — The “Automatic Dependent Surveillance Broadcast (ADS-B) – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Automatic Dependent Surveillance Broadcast (ADS-B) Market to Reach $2.8 Billion by 2030
The global market for Automatic Dependent Surveillance Broadcast (ADS-B) estimated at US$703.2 Million in the year 2022, is projected to reach a revised size of US$2.8 Billion by 2030, growing at a CAGR of 19% over the analysis period 2022-2030.
ADS-B Out, one of the segments analyzed in the report, is projected to record 18.9% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the ADS-B In segment is estimated at 19.8% CAGR for the next 8-year period.
The aviation industry has been severely impacted by the COVID-19 pandemic, causing disruptions throughout the aerospace supply chain. Global aerospace and aviation market growth outlook for the years 2019 through 2025 reflects the challenges faced by the industry. The pandemic’s economic repercussions have affected various aspects of the grounded aviation sector, as indicated by the global airlines’ performance by region for 2020 compared to 2019.
This report also provides insights into the Automatic Dependent Surveillance Broadcast (ADS-B) market, highlighting its global key competitors’ market share in 2022 and their competitive market presence worldwide in the same year. ADS-B is introduced as a technology with numerous advantages that are driving its adoption, particularly in developed economies.
Key market segments, such as ADS-B In Systems and TMA Surveillance, are discussed, and the report emphasizes the potential lucrative opportunities that will arise with the ADS-B Out mandate, which will boost the ADS-B retrofit market.
Developed economies are leading the way in adopting ADS-B technology, and the report also mentions world brands and recent market activity in this sector.
The U.S. Market is Estimated at $292.6 Million, While China is Forecast to Grow at 17.2% CAGR
The Automatic Dependent Surveillance Broadcast (ADS-B) market in the U.S. is estimated at US$292.6 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$318.7 Million by the year 2030 trailing a CAGR of 17.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.2% and 19.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.6% CAGR.
What’s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET TRENDS & DRIVERS
Need to Ease Air Traffic Congestion and Monitor Wider Area Not Covered by Radar Surveillance to Spur Growth in ADS-B Mandate
Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2039
Global Airline Industry: Number of Scheduled Passengers Boarded (in Million) for 2010-2020E
Investments into Airport Construction Projects: Potential for Growth
Global Investments into New and Existing Airport Construction Projects in US$ Million for the Years 2018 and 2022
Airport Improvement Projects: Percentage Breakdown of Global Investments for Improvement of Existing Airport by Type for the Period 2018 and 2022
ADS-B: An Important Component of Air Traffic Modernization Efforts
Sustained Emphasis on Improving Aircraft Safety Creates Fertile Environment for ADS-B Market
ADS-B Mandates and Proposals Worldwide Present Growth Opportunities for ADS-B-related Retrofit Market
World Makes Gradual Transition towards ADS-B Technology
Slow Progress towards Compliance
Integration of ADS-B into Drones: A Move to Enhance Safety
ADS-B Emerges as Intriguing Surveillance Technology for Safe Integration of Drones into Commercial Airspace
Number of Countries Worldwide Using Drones/UAVs by Type for the Years 2010 & 2020
Need for Advanced Tracking Technology in Drones Drives ADS-B Systems
Leveraging LTE-M Technology
Advantages of Low Power ADS-B for UAS: An Overview
ADS-B Technology Holds Tremendous Potential in Military Applications
US Military Aircraft: % of Aircraft Equipped with ADS-B Unit (As of 2019)
US Military Aircraft: Projected Number of Aircraft Equipped with ADS-B Unit by 2025
Space Industry Set to Play a Game-Changing Role in Next-Gen Aviation through Space-based ADS-B Systems
Significant Impact of ADS-B Mandate on Flight Training
ADS-B Data Analysis Could Help Aviation Recover from COVID-19 Outbreak
ADS-B Out Vs ADS-B In: An Overview
Need to Comply with ADS-B Out Mandate Fuels Airline Interest in ADS-B In
Portable ADS-B Receiver for Air Traffic Surveillance
Faulty Receiver Fingered as the Reason for ADS-B Problems with GPS in Few Aircrafts
Erroneous ADS-B Codes: A Concern for the Aviation Industry
Aviation Operators Raise Privacy Concerns Related to ADS-B Mandate
High Cost of Complying with ADS-B Mandate: A Major Restraint
FOCUS ON SELECT PLAYERS (Total 49 Featured)
Collins Aerospace
Garmin International, Inc.
GKN Aerospace Services Limited
Aspen Avionics, Inc.
Avidyne Corporation
Becker Avionics, Inc.
Easat Radar Systems Ltd.
ELDIS Pardubice Sro
FreeFlight Systems
Dynon Avionics
FLARM Technology Ltd.
AerSale, Inc.
Aireon LLC
ADS-B Technologies
GRT Avionics
For more information about this report visit https://www.researchandmarkets.com/r/yhrxk
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