Aviation Tracking System Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
The Global Aviation Tracking System Market Size accounted for USD 434.2 Million in 2022 and is projected to achieve a market size of USD 735.8 Million by 2032 growing at a CAGR of 5.5% from 2023 to 2032.
Aviation Tracking System Market Highlights
- Global aviation tracking system market revenue is expected to increase by USD 735.8 Million by 2032, with a 5.5% CAGR from 2023 to 2032
- North America region led with more than 46% of aviation tracking system market share in 2022
- Asia-Pacific aviation tracking system market growth will record a CAGR of around 8% from 2023 to 2032
- According to the Federal Aviation Administration (FAA), the number of ADS-B-equipped aircraft globally is expected to reach 80% by the end of 2022
- According to the FAA, there are approximately 9.2 million commercial flights in the United States
- Rising air traffic and the need for efficient air traffic management, drives the aviation tracking system market value
An aviation tracking system is a software-based solution that tracks the location and flight status of commercial aircraft in real time. These systems use various technologies, such as Automatic Dependent Surveillance-Broadcast (ADS-B), Global Positioning System (GPS), and satellite communication to provide accurate flight information to airlines, airports, air traffic control, and other aviation stakeholders. The aviation tracking system also includes data on flight plans, routes, and weather conditions that help airlines optimize their operations, enhance safety, and improve customer satisfaction.
The market for aviation tracking systems has been growing rapidly in recent years due to the increasing demand for real-time flight information by airlines, passengers, and other aviation stakeholders. The rise in air traffic and the need for efficient air traffic management has also contributed to the growth of the aviation tracking system market. Moreover, the implementation of new regulations by the International Civil Aviation Organization (ICAO) that mandates the use of ADS-B technology in aircraft has further boosted the adoption of aviation tracking systems globally.
Global Aviation Tracking System Market Trends
Market Drivers
- Increasing demand for real-time flight information
- Rising air traffic and the need for efficient air traffic management
- Adoption of new regulations by the International Civil Aviation Organization (ICAO)
- Advancements in technology such as Artificial Intelligence (AI) and Machine Learning (ML)
- Growing adoption of unmanned aerial vehicles (UAVs) in the aviation industry
Market Restraints
- High implementation costs of aviation tracking systems
- Limited budget allocation for aviation infrastructure development in developing countries
Market Opportunities
- Increasing adoption of cloud-based aviation tracking systems
- Growing demand for satellite-based tracking systems
Aviation Tracking System Market Report Coverage
| Market | Aviation Tracking System Market |
| Aviation Tracking System Market Size 2022 | USD 434.2 Million |
| Aviation Tracking System Market Forecast 2032 | USD 735.8 Million |
| Aviation Tracking System Market CAGR During 2023 - 2032 | 5.5% |
| Aviation Tracking System Market Analysis Period | 2020 - 2032 |
| Aviation Tracking System Market Base Year | 2022 |
| Aviation Tracking System Market Forecast Data | 2023 - 2032 |
| Segments Covered | By Product Type, By Application, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | FlightAware, FlightRadar24, ADS-B Technologies, Aireon LLC, SkyTrac Systems, Spidertracks, Garmin International, Honeywell Aerospace, Rockwell Collins, and SITAONAIR. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
The aviation tracking system is a part of the aviation security system which has been innovated for the advanced and smooth operation of flights and to keep the record of travel moments. They even provide assistance in informing weather conditions and air traffic ongoing to pilots and ground control staff. With such tracking systems, several flight mishaps, hijacks, and other incidents can be traced. Aviation tracking systems are highly used in defense as well.
Increasing modernization in the aviation sector such as freight transport, passenger conveyance, or defense has augmented the need for the aviation tracking system, thus driving its market growth. With emerging technological advancements in aviation security system, aviation tracking system plays a crucial role in providing efficient air traffic information. Thus, smooth operational activities of flights and increasing counts of passengers availing flight services have expected to foresee enlightened growth over the forecast period.
Aviation Tracking System Market Segmentation
The global aviation tracking system market segmentation is based on product type, application, and geography.
Aviation Tracking System Market By Product Type
- ADS-B
- PFTS
- FANS
In terms of product types, the Automatic Dependent Surveillance-Broadcast (ADS-B) segment has seen significant growth in recent years. ADS-B technology is used to transmit aircraft position, speed, and other data to air traffic control and other aircraft equipped with ADS-B. This technology enhances air traffic management and improves safety by providing accurate and real-time flight information. The ADS-B segment is witnessing significant growth due to the increasing adoption of ADS-B technology by airlines and aircraft manufacturers. The International Civil Aviation Organization (ICAO) has mandated the use of ADS-B technology in aircraft, and many countries have already implemented this technology. Moreover, the ADS-B technology is more accurate than the traditional radar-based tracking system, which is a major driving factor for its adoption.
Aviation Tracking System Market By Application
- Civil Aviation
- Military Aviation
According to the aviation tracking system market forecast, the civil aviation segment is expected to witness significant growth in the coming years. The growth can be attributed to the increasing investments in airport infrastructure, rising air traffic, and the need for better operational efficiency in airlines. The adoption of cloud-based aviation tracking systems and the integration of IoT in aviation tracking systems are also expected to drive the growth of the civil aviation segment. The increasing demand for real-time flight information and the need for efficient air traffic management are driving the adoption of aviation tracking systems in the civil aviation sector. The implementation of new regulations by the International Civil Aviation Organization (ICAO), such as the mandate for all aircraft to be equipped with ADS-B technology, is further boosting the adoption of aviation tracking systems in the civil aviation segment. Moreover, the civil aviation sector is also witnessing an increasing demand for commercial drone services, which are also equipped with aviation tracking systems. The integration of UAVs and urban air mobility (UAM) into the civil aviation sector is further expected to fuel the growth of the civil aviation segment.
Aviation Tracking System Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Aviation Tracking System Market Regional Analysis
North America dominates the aviation tracking system market due to several factors. The region has a highly developed aviation industry and is home to some of the world's leading aviation tracking systems providers such as Honeywell International Inc., Garmin Ltd., and Rockwell Collins, Inc. These companies have a strong presence in the region and are constantly investing in research and development to offer innovative and advanced aviation tracking systems to their clients. Moreover, the Federal Aviation Administration (FAA) in the United States has been at the forefront of implementing new regulations and standards for aviation safety and efficiency, including the mandate for all aircraft to be equipped with ADS-B Out technology. This has driven the adoption of aviation tracking systems in the region and has led to the development of advanced tracking technologies. Furthermore, the region has a large number of airports and airlines, which require advanced aviation tracking systems to manage the high volume of air traffic. The increasing demand for real-time flight information and efficient air traffic management has further boosted the adoption of aviation tracking systems in the region.
Aviation Tracking System Market Player
Some of the top aviation tracking system market companies offered in the professional report include FlightAware, FlightRadar24, ADS-B Technologies, Aireon LLC, SkyTrac Systems, Spidertracks, Garmin International, Honeywell Aerospace, Rockwell Collins, and SITAONAIR.
Frequently Asked Questions
What was the market size of the global aviation tracking system in 2022?
The market size of aviation tracking system was USD 434.2 Million in 2022.
What is the CAGR of the global aviation tracking system market from 2023 to 2032?
The CAGR of aviation tracking system is 5.5% during the analysis period of 2023 to 2032.
Which are the key players in the aviation tracking system market?
The key players operating in the global market are including FlightAware, FlightRadar24, ADS-B Technologies, Aireon LLC, SkyTrac Systems, Spidertracks, Garmin International, Honeywell Aerospace, Rockwell Collins, and SITAONAIR.
Which region dominated the global aviation tracking system market share?
North America held the dominating position in aviation tracking system industry during the analysis period of 2023 to 2032.
Which region registered fastest CAGR from 2023 to 2032?
Asia-Pacific region exhibited fastest growing CAGR for market of aviation tracking system during the analysis period of 2023 to 2032.
What are the current trends and dynamics in the global aviation tracking system industry?
The current trends and dynamics in the aviation tracking system industry include increasing demand for real-time flight information, rising air traffic and the need for efficient air traffic management, adoption of new regulations by the International Civil Aviation Organization (ICAO), and advancements in technology such as AI and ML.
Which product type held the maximum share in 2022?
The ADS-B product type held the maximum share of the aviation tracking system industry.
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