Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market to Reach USD 1,439.6 Million by 2028, Fueled by Thriving Aviation Sector – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Automatic Dependent Surveillance-Broadcast (ADS-B) Market Report and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The global automatic dependent surveillance-broadcast (ADS-B) market achieved a noteworthy valuation of USD 640.6 million in 2022. Driven by the rapid expansion of the aviation sector, particularly in emerging economies, the market is poised for robust growth. According to the latest projections, the market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 15.1% between 2023 and 2028, reaching an impressive value of USD 1,439.6 million by 2028.

Revolutionizing Air Traffic Control with ADS-B Technology

Automatic dependent surveillance-broadcast (ADS-B) is a cutting-edge surveillance technology that establishes a vital interface between aircraft and air traffic control systems. This integration involves the aircraft’s positioning source, avionics, and ground infrastructure. ADS-B technology plays a crucial role by broadcasting critical real-time information about an aircraft, including its location, altitude, speed, and fuel status. This real-time data exchange enhances operational efficiency, situational awareness, and overall safety.

Market Drivers and Dynamics

The burgeoning aviation sector, especially in emerging economies, is a prime catalyst driving the growth of the automatic dependent surveillance-broadcast (ADS-B) market. Rapid airport development and a surge in the number of travelers are bolstering the adoption of ADS-B technology. Furthermore, the modernization of air traffic management infrastructure, essential for accommodating the growing number of domestic and international travelers, significantly contributes to the market’s expansion.

The diverse applications of ADS-B technology, ranging from airspace surveillance to enhanced flight operations, further elevate its importance. ADS-B technology enhances safety by providing accurate, real-time data, thereby improving pilot and controller situational awareness. This contributes to safer and more secure flight experiences. Additionally, ADS-B technology offers cost-effective solutions, requiring no external stimuli, and even contributes to carbon footprint reduction, aligning with government policies focused on sustainability.

Regional Dynamics and Market Segmentation

The North American region leads in terms of ADS-B market share, benefiting from a well-established aviation sector, a high volume of air travelers, and substantial investments in aviation automation. In the Asia Pacific region, rapid urbanization and the rise of private market players, particularly in countries like India and China, contribute to significant market growth.

The market segmentation encompasses several categories:

• Type: ADS-B technology is categorized into On-Board and Ground Stations.
• Application: Applications include Terminal Manoeuvring Area (TMA) Surveillance and Airborne Surveillance.
• Fit: ADS-B technology can be classified as Line Fit or Retrofit.
• Component: Components of ADS-B technology comprise Transponders, Receivers, and Antennas.
• Platform: Platforms include Fixed Wing and Rotary Wing.

Leading Players in the ADS-B Market

Several key players are driving innovation and growth in the ADS-B market, including:

• Honeywell International, Inc
• L-3 Technologies, Inc
• Indra Sistemas, S.A
• Garmin Ltd
• Collins Aerospace Inc
• Aireon LLC

   

For more information about this report visit https://www.researchandmarkets.com/r/udpgnd

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