Automatic Dependent Surveillance Broadcast Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Automatic dependent surveillance-broadcast (ADS-B) is an aviation surveillance technology where aircraft automatically provide data, such as identification, position, altitude, and additional information, via a data link derived from onboard navigation systems. This data is broadcasted for use by other aircraft, vehicles, and ground facilities without the need for external stimulus. 

Sizing and Forecast
The automatic dependent surveillance-broadcast market size has grown rapidly in recent years. It will grow from $0.66 billion in 2023 to $0.78 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%.  The growth in the historic period can be attributed to regulatory mandates, increased airspace capacity, government subsidies and incentives, improved data sharing, and industry partnerships

The automatic dependent surveillance-broadcast market size is expected to see rapid growth in the next few years. It will grow to $1.57 billion in 2028 at a compound annual growth rate (CAGR) of 19%.  The growth in the forecast period can be attributed to growth in air traffic, the proliferation of UAVs, growing interest in space-based ads-b solutions, increasing focus on environmental sustainability, cybersecurity concerns, and modernization efforts globally. Major trends in the forecast period include integration with unmanned traffic management systems, advancements in ADS-B technology, emergence of autonomous aircraft, retrofit installations, and innovation in ADS-B

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Segmentation & Regional Insights
The automatic dependent surveillance broadcast market covered in this report is segmented –
1) By Type: ADS-B Out, ADS-B In, ADS-B Ground Stations
2) By Fit:  Retro Fit, Line Fit
3) By Platform: Fixed Wing, Rotary Wing
4) By Application: Terminal Maneuvering Area Surveillance, Airborne Surveillance, Automatic Dependent Surveillance
5) By Distribution: Aftermarket, Original Equipment Manufacturer (OEM)

North America was the largest region in the automatic dependent surveillance broadcast market in 2023. The regions covered in the automatic dependent surveillance broadcast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing air traffic is expected to drive the growth of the automatic-dependent surveillance-broadcast market going forward. Air traffic refers to aircraft movement within a specific area or along a particular route. There is increasing air traffic due to the construction of new airports, expansion of existing facilities, and improvement of air traffic management systems that facilitated the growth of air travel capacity. Automatic dependent surveillance-broadcast (ADS-B) enhances air traffic management by providing real-time aircraft tracking and surveillance data for improved situational awareness and safety. For instance, in January 2024, according to the International Air Transport Association (IATA), a Switzerland-based airlines and aviation association, in 2023, Middle Eastern airlines witnessed a 33.3% surge in traffic compared to 2022, accompanied by a 26.0% rise in capacity and a load factor of 80.1%. Additionally, North American carriers noted a 28.3% year-on-year traffic boost, with a capacity increase of 22.4% and a load factor reaching 84.6%. Therefore, the increasing air traffic drives the growth of the automatic dependent surveillance-broadcast market.

Key Industry Players
Major companies operating in the automatic dependent surveillance broadcast market report are Lockheed Martin Corporation; Raytheon Company; Northrop Grumman Corporation; BAE Systems plc; NEC Corporation; Thales Group; L3Harris Technologies Inc; Textron Inc; Elbit Systems Ltd; Garmin Ltd.; Saab AB; Indra Sistemas S.A; Curtiss-Wright Corporation; Ultra Electronics Holdings plc; Chemring Group plc; Cobham plc; ASELSAN AS; Terma A/S; Gables Engineering; Appareo Systems; FreeFlight Systems; Aireon LLC; Gulf Coast Avionics; Southwest Antennas Inc.; ADS-B Technologies LLC

The automatic dependent surveillance broadcast market report table of contents includes:
1. Executive Summary

2. Automatic Dependent Surveillance Broadcast Market Characteristics

3. Automatic Dependent Surveillance Broadcast Market Trends And Strategies

4. Automatic Dependent Surveillance Broadcast Market - Macro Economic Scenario

5. Global Automatic Dependent Surveillance Broadcast Market Size and Growth

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32. Global Automatic Dependent Surveillance Broadcast Market Competitive Benchmarking

33. Global Automatic Dependent Surveillance Broadcast Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Automatic Dependent Surveillance Broadcast Market

35. Automatic Dependent Surveillance Broadcast Market Future Outlook and Potential Analysis

36. Appendix

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