ADS-B Market expected to grow USD 27.86 Billion at a CAGR 20.61% by during the forecast period.
The transformation of air traffic management setup is projected to gain significant traction in the coming years, and this will spur the ADS-B Market. The aerospace and defense industry reports are formed by Market Research Future, emphasizing market prospects for evolution.
The spike in volume of UAVs in airspace worldwide due to their relatively lower cost level is predicted to spur the automatic dependent surveillance-broadcast industry in the approaching period. The multiplying airspace congestion levels are foreseen to have a notable effect on the development of the ADS-B market growth.
Market Segmentation:
The segmental overview of the ADS-B Market is conducted on the basis of type, component, application, platform, and region. Based on the type, the ADS-B Market is segmented into ADS-B Out and ADS-B In.
The automatic dependent surveillance broadcast market is segmented into rotary wing and fixed-wing based on the platform. On the basis of fit, the ADS-B Market is segmented into retrofit and line-fit. On the basis of regions, the ADS-B Market is segmented into North America, Europe, and other eminent regional markets. The ADS-B Market is segmented into the receiver, transponder, and antenna based on the component. On the basis of application, the ADS-B Market is segmented into airborne surveillance and ATC surveillance.
Key players:
The notable in ADS-B market drivers are Trig Avionics Ltd. (U.K.), Honeywell International, Inc. (U.S.), Avidyne Corporation (U.S.), L3Harris Technologies, Inc. (U.S.), FreeFlight Systems (U.S.), Esterline Technologies Corporation (U.S.), Garmin Ltd. (U.S.), Collins Aerospace (U.S.), Indra Sistemas, S.A. (Spain) and Thales Group (France).
Regional Analysis:
The regional scrutiny of the ADS-B Market is segmented into North America, Europe, and other eminent regional markets. The North American Region’s Market governs the ADS-B market. This tendency is anticipated to remain throughout the forecast period owing to the incidence of well-known aviation ADS-B providers. OEMs' strong presence in the North American region is predicted to bolster the Market share. The innovative product unveilings by famous ADS-B providers based in the European region are propelling the Market progress in the region. The market in the Asia Pacific region is anticipated to develop at a high CAGR throughout the forecast period. The intensifying air passenger traffic in China and India is compelling the system's ADS-B Market evolution.
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