Flight Tracking System Market Overview
The global Flight Tracking System market is expected to rise at a considerable rate in the forthcoming years. The safety of passengers and staff members is the most crucial factor in airline companies. When an aircraft is flying in places where radar coverage is limited, a Flight tracking system can be useful. As a result, the rise in incidents of aircraft missing without leaving any track boosted the growth of the Flight Tracking System market.
Furthermore, Pilot groups, Air Navigation Service Providers (ANSP), civil aviation authorities, and airframe and equipment manufacturers banded together to improve flight tracking capabilities in the wake of numerous missing planes. As a result, regulatory bodies have advocated for the introduction of real-time flight tracking for commercial aircraft. This key fact is expected to propel the Flight Tracking System market expansion over the forecast period.
On the downside, high costs related to communication for receiving updates and technical issues related to these systems restrain the growth of the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, End User, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | ACR Electronics Inc., Aireon, AirNav Systems LLC, Blue Sky Network, FLYHT Aerospace Solutions Ltd., Garmin Ltd., Honeywell International Inc., Rockwell Collins, SITA, Spider Track Limited. |
Covid-19 Impact on Flight Tracking System Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Flight Tracking System Market Segment Overview
Based on Type, the Automatic Dependent Surveillance – Broadcast (ADS-B) is expected to be the fastest-growing segment in the global Flight Tracking System market. Automatic Dependent Surveillance-Broadcast (ADS-B) is among the advanced surveillance technology available that is used for tracking aircraft. As per the technology the aircraft defines its position through satellite navigation and broadcasts position reports within fixed intervals.
According to End User, the Commercial is a major segment in the market. The rising count of aircraft fleet and increasing middle-class sensing capabilities are projected to increase the demand for new flights. The rising production of aircrafts is expected to have a notable impact on the flight tracking system. As per the ICAO guidelines the new aircrafts would be equipped with ADS-B which offers a substantial growth opportunity to the flight tracking system companies in the commercial sector.
Flight Tracking System Market, By Type
· Automatic Dependent Surveillance – Broadcast (ADS-B)
· Future Air Navigation System (FANS)
· Aircraft Communications Addressing and Reporting System (ACARS)
· Portable Flight Tracking System (PFTS)
Flight Tracking System Market, By Application
· Fixed Wing
· Rotary Wing
Flight Tracking System Market, By End User
· Commercial
· Military
Flight Tracking System Regional Overview
In terms of region, North America dominates the global Flight Tracking System market. The region has witnessed extensive investments by airline companies, in a bid to increase the safety of their respective aircraft. Additionally, the U.S. military is adopting advanced technologies and investing in research and development for increasing the flight tracking compatibility of their planes. These major factors are contributing more to the development of the market in this region.
Flight Tracking System Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Flight Tracking System Market Competitor overview
Some key developments and strategies adopted by manufacturers in Flight Tracking System are highlighted below.
· In October 2021, Freighter operator Pacific Air Cargo has introduced PACTRAK, a new airfreight tracking and notification service. The tracking service is integrated into the company’s website and allows customers to know the status of their shipment at any point in its journey. The system offers shipment update notifications through SMS text messages, emails, or both. Notifications can also be tailored for different milestones during the journey, such as flight departure or arrival.
Flight Tracking System Market, Key Players
· ACR Electronics Inc.
· Aireon, AirNav Systems LLC
· Blue Sky Network
· FLYHT Aerospace Solutions Ltd.
· Garmin Ltd.
· Honeywell International Inc.
· Rockwell Collins
· SITA
· Spider Track Limited
Frequently Asked Questions (FAQ) :
Q1. What are the restraining factors for the Flight Tracking System market?
High costs related to communication for receiving updates and technical issues related to these systems restrain the growth of the market.
Q2. Which Segments are covered in the Flight Tracking System market report?
Type, Application, End-User, and Region these segments are covered in the Flight Tracking System market report.
Q3. Which segment is projected to hold the largest share in the Flight Tracking System Market. ?
Automatic Dependent Surveillance – Broadcast (ADS-B) segment is projected to hold the largest share in the Flight Tracking System Market.
Q4. Which region holds the largest share in the Flight Tracking System market?
North America held the largest share in the global Flight Tracking System market.
Q5. Which are the prominent players in the Flight Tracking System Market?
ACR Electronics Inc., Aireon, AirNav Systems LLC, Blue Sky Network, FLYHT Aerospace Solutions Ltd., Garmin Ltd., Honeywell International Inc., Rockwell Collins, SITA, Spider Track Limited are some key players in the Flight Tracking System Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Flight Tracking System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Automatic Dependent Surveillance – Broadcast (ADS-B)
- 5.2.2. Future Air Navigation System (FANS)
- 5.2.3. Aircraft Communications Addressing and Reporting System (ACARS)
- 5.2.4. Portable Flight Tracking System (PFTS)
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Fixed Wing
- 5.3.2. Rotary Wing
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Commercial
- 5.4.2. Military
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Flight Tracking System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Automatic Dependent Surveillance – Broadcast (ADS-B)
- 6.2.2. Future Air Navigation System (FANS)
- 6.2.3. Aircraft Communications Addressing and Reporting System (ACARS)
- 6.2.4. Portable Flight Tracking System (PFTS)
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Fixed Wing
- 6.3.2. Rotary Wing
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Commercial
- 6.4.2. Military
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Flight Tracking System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Automatic Dependent Surveillance – Broadcast (ADS-B)
- 7.2.2. Future Air Navigation System (FANS)
- 7.2.3. Aircraft Communications Addressing and Reporting System (ACARS)
- 7.2.4. Portable Flight Tracking System (PFTS)
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Fixed Wing
- 7.3.2. Rotary Wing
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Commercial
- 7.4.2. Military
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Flight Tracking System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Automatic Dependent Surveillance – Broadcast (ADS-B)
- 8.2.2. Future Air Navigation System (FANS)
- 8.2.3. Aircraft Communications Addressing and Reporting System (ACARS)
- 8.2.4. Portable Flight Tracking System (PFTS)
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Fixed Wing
- 8.3.2. Rotary Wing
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Commercial
- 8.4.2. Military
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Flight Tracking System Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Automatic Dependent Surveillance – Broadcast (ADS-B)
- 9.2.2. Future Air Navigation System (FANS)
- 9.2.3. Aircraft Communications Addressing and Reporting System (ACARS)
- 9.2.4. Portable Flight Tracking System (PFTS)
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Fixed Wing
- 9.3.2. Rotary Wing
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Commercial
- 9.4.2. Military
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ACR Electronics Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Aireon, AirNav Systems LLC
- 10.6. Blue Sky Network
- 10.7. FLYHT Aerospace Solutions Ltd.
- 10.8. Garmin Ltd.
- 10.9. Honeywell International Inc.
- 10.10. Rockwell Collins
- 10.11. SITA
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
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