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ADS-B Systems Will Account for Over 75% of Global Flight Tracking System Market During 2016-2026


News provided by

Future Market Insights

21 Mar, 2017, 14:00 GMT

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Future Market Insights (PRNewsFoto/Future Market Insights)

VALLEY COTTAGE, New York, March 21, 2017 /PRNewswire/ --

The need for improving surveillance abilities of airport facilities in the world has triggered the growth in adoption of Automatic Dependent Surveillance-Broadcast (ADS-B) flight tracking systems. 

Unlike other flight tracking systems, the demand for ADS-B systems is expected to remain higher in the future. ADS-B systems are known to be highly-effective for tracking single aisle, small wide body, medium wide body, and large wide body aircrafts, and also come in an extensive price range. Future Air Navigation Systems (FANS) might be competent in tracking all aircraft types, but their high prices limit their adoption over ADS-B systems. On the other hand, dedicated or portable flight tracking systems (PFTSs) are quite cheap, compared to other two, but lack the prowess to accurately track multiple flights.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

A recent study developed by Future Market Insights projects that ADS-B systems will continue to account for over 75% of global flight tracking system revenues. It is been estimated that the global market for flight tracking systems, which is presently valued at approximately US$ 358 million, will exhibit a steady increment at 5.5% CAGR to reach US$ 611.8 million by the end of 2026.

Request a Sample Report with Table of Contents: http://www.futuremarketinsights.com/reports/sample/rep-gb-610

Such systems are being prominently used in tracking flights from general aviation industry. General aviation airport facilities from all corners of the world can be clubbed together to be called as the largest end-user of flight tracking systems. In 2016, the end-use of flight tracking systems in general aviation procured an estimated US$ 253 million. Nonetheless, revenues amassed from adoption of flight tracking systems in civil aviation are projected to grow at the highest CAGR of 6.3% by the end of 2026.

Honeywell International & Rockwell Collins - Leading Market Players 

According to the report, two of the most recognisable manufacturers in the global flight tracking system market are - Honeywell International Inc. and Rockwell Collins, Inc. Collectively, these two flight tracking system manufacturers are estimated to account for over 50% of the global market revenues, specialising in production of ADS-B and FANS systems. Garmin International Inc. is also a leading manufacturer in the global flight tracking system market, raking in revenues worth billions. On the other hand, companies such as FLYHT Aerospace Solutions Ltd., SKY TRAC SYSTEMS LTD., Spider Tracks Limited, and BLUE SKY NETWORK are observed to be prominent manufacturers of PFTS systems. Aireon LLC, another key player in the global flight tracking system market, has gained worldwide acclamation for producing top-end ADS-B systems for space aviation.

Preview Analysis on Global Flight Tracking System Market Segmentation By System - ADS-B, FANS, PFTS; By End Use - General Aviation, Civil Aviation and Military Aircraft: http://www.futuremarketinsights.com/reports/flight-tracking-system-market

In the report, titled "Flight Tracking System Market: Global Industry Analysis & Opportunity Assessment, 2016-2026," Future Market Insights predicts that North America will remain the largest market for flight tracking system in the world. By the end of 2026, North America's flight tracking system revenues will have soared at 6.4% CAGR, procuring half of the global market revenues. The flight tracking system market in Western Europe will also gain traction, raking in over US$ 100 million by 2026-end. Revenues from flight tracking systems will be lowest in Japan and the Middle East & Africa (MEA) region. The flight tracking system market value in regions such as Asia-Pacific excluding Japan (APEJ), Latin America and Eastern Europe are anticipated to rise at less than 4% CAGR over the forecast period.

More from FMI's Cutting-edge Intelligence: 

  • Car Security System Market Segmentation By Car Type - Economic Cars, Mid-Range Cars and Premium Cars, By Sales Channel - OEM And Aftermarket, By Product Type - Immobilizer System, Remote Central Locking System, Alarm System and Other Systems: Car Security System Market Segmentation By Car Type - Economic Cars, Mid-Range Cars and Premium Cars, By Sales Channel - OEM And Aftermarket, By Product Type - Immobilizer System, Remote Central Locking System, Alarm System and Other Systems: http://www.futuremarketinsights.com/reports/car-security-system-market
  • Automotive Washer System Market Segmentation By Component - Nozzles, Reservoirs, Hose & Connectors, Pumps, Windshield, Wipers and Wiper Motor, By Sales Channel - OEM and Aftermarket, By Technology - Electric And Mechanical, By Vehicle Type - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles, By Application - Windshield Washer System and Headlamp Washer System: http://www.futuremarketinsights.com/reports/automotive-washer-systems-market
  • Lightweight Automotive Body Panels Market Segmentation By Material Type - Metals, High-Strength Steel, Magnesium, Aluminium, Polymers & Composites, Carbon Fibre Reinforced Plastics, Glass Fibre Reinforced Plastics and Other Polymer & Composite Materials, By Component Type - Bumpers, Hood, Door Panels, Trunk Lids and Roof, By Vehicle Type - Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle: http://www.futuremarketinsights.com/reports/lightweight-automotive-body-panels-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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