Flight Tracking System Market, by System Type (ADS-B, FANS, and Portable FTS), by End-use Industry (General Aviation, Civil Aviation, and Military Aircrafts), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa)

Flight Tracking System Market, by System Type (ADS-B, FANS, and Portable FTS), by End-use Industry (General Aviation, Civil Aviation, and Military Aircrafts), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Flight tracking is a process of obtaining real-time flight information, such as, longitude, latitude, altitude and ground speed of a specific aircraft. It is one of the crucial initiatives undertaken by regulatory agencies towards making aviation safe. Flight tracking is mainly carried out to ensure safe and efficient air traffic control as well as airline operations, and also to provide immediate response in case of any incident. It encompasses airborne equipment as well as ground infrastructure, along with the components which link them. There have been significant innovations in the flight tracking system front, owing to an improved software systems and rapid technological advancements.
Hence, prominent key players in this market are focusing on various strategies such as, partnership to gain a competitive edge in this market. For instance, in June 2021, Honeywell has joined forces with the globe largest flight tracking data company, FlightAware, to bring an advanced flight tracking support to operations control centers and business jet owners. This partnership is expected to provide customers of Honeywell’s GoDirect Flight Services with access to more real-time information including position, aircraft speed, altitude and estimated time of arrival at no additional price so they can plan the safest as well as most efficient route available.
Market Dynamics
Technological enhancements, rising demand for new aircrafts and improved software systems are the major driving factors which are anticipated to further augment the growth of global flight tracking system market. Also, increase in acceptance of ADS-B flight tracking systems and growing emphasis of safety of flight are boosting the demand of flight transaction system across the globe. Furthermore, increasing demand for military UAVs is the major factor which is expected to create lucrative opportunity in the upcoming future. Moreover, flight tracking system delivers safety benefits through high accuracy navigation, it also offers environmental benefits and it is most potential system for flight routes to be designed to negotiate water, non-residential areas and industrial areas as much as possible.
However, high expenses associated with the installation and several cyber security concerns are the factors which hinder the market growth of global flight tracking system during the forecast period.
Market Taxonomy
This report segments the global flight tracking system market on the basis of system type, and end-use industry. On the basis of system type, the global flight tracking system market is segmented into ADS-B, FANS and Portable FTS. On the basis of end-use industry, the global flight tracking system market is segmented into General Aviation, Civil Aviation and Military Aircraft and on the basis of region, the global flight tracking system market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global flight tracking system market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global flight tracking system market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies in global flight tracking system market includes, Aireon LLC, Spider Tracks Limited, BLUE SKY NETWORK, SKY TRAC SYSTEMS LTD, FLYHT Aerospace Solutions Ltd., Rockwell Collins, Garmin International Inc., and Honeywell International Inc. among others.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global flight tracking system market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global flight tracking system market.
Detailed Segmentation:
Global Flight Tracking System Market, By System Type:
ADS-B
FANS
Portable FTS
Global Flight Tracking System Market, By End-use Industry:
General Aviation
Civil Aviation
Military Aircraft
Global Flight Tracking System Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles
Aireon LLC *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Spider Tracks Limited
BLUE SKY NETWORK
SKY TRAC SYSTEMS LTD
FLYHT Aerospace Solutions Ltd.
Rockwell Collins
Garmin International Inc.
Honeywell International Inc.
*Browse all the market data tables and figures on “Global Flight Tracking System Market - Forecast to 2027”