At 18.3% CAGR, Automatic Dependent Surveillance-Broadcast Market is Growing with $3020.20 Million of Industry Revenue by 2027

Research Reports

Feb 04, 2021

According to the new research report titled “Automatic Dependent Surveillance-Broadcast Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type (On-Board and Ground Stations), Application [Terminal Manoeuvring Airspace (TMA) Surveillance and Airborne Surveillance], Component (Antenna, Receiver, Transponder, and ADS-B Ground Receivers), and Geography” – published by The Insight Partners, the market is expected to reach US$ 3,020.20 million by 2027, registering a CAGR of 18.3% during 2020–2027.

Get Sample PDF Copy at https://www.theinsightpartners.com/sample/TIPAD00002135

Automatic Dependent Surveillance-Broadcast Market in APAC to Grow at Highest CAGR

The automatic dependent surveillance-broadcast market in the APAC is further segmented into Australia, China, India, Japan, and South Korea. The market players in the region are experiencing significant demand for their products due to constant developments in the aerospace infrastructure and mounting demand for aircraft across the region. Huge middle-class population, coupled with high middle-class spending due to high income levels, is the key factors propelling the aviation industry in the region. Many APAC countries are mandating the application of ADS-B components, as an alternative to conventional radar systems. The growing need of ADS-B Out equipment, which permit the aircraft to automatically track and broadcast their positions is driving the scope of ADS-B. Similarly, the ADS-B In equipment also permits the end users such as air traffic control (ATC) stations to track aircraft that are well-equipped with ADS-B Out. The International Civil Aviation Authority Organisation (ICAO) highlights the need to improve safety, fuel consumption, and efficiency by installing controllers that guide aircraft operating with smaller separation standards.

Australia, Vietnam, Singapore, Indonesia, New Zealand, Hong Kong, Sri Lanka, and Taiwan are among the countries having representing requirement of ADS-B Out. Similarly, China and South Korea are in the middle of reviewing the application of ADS-B. The rising demand for ADS-B across APAC tends to be growing at flight level (FL) 290 and above.

Key Findings of Study:

The development of airport infrastructure in smaller cities in countries such as China and India is on rise due to several government initiatives to promote air travel. The rising investments in the development of modern airports, and the construction of longer runways, more terminal gates, and advanced air traffic control systems further boost the demand for the automatic dependent surveillance-broadcast products in APAC.

According to Boeing’s Current Market Outlook, APAC is anticipated to receive ~17,390 deliveries of commercial aircraft during 2019–2038, which, in turn, creates lucrative opportunities for ADS-B system providers. The rise in the aircraft fleet would reflect a surge in the use of ADS-B components. Moreover, several initiatives by market players are also boosting the automatic dependent surveillance-broadcast market in APAC. For instance, in 2020, SF Airlines entered into an agreement with Thales and ACSS to offer airborne ADS-B component for its fleet to develop and enhance the air traffic capacity and efficiency; this agreement was in response to the Civil Aviation Administration of China’s (CAAC’s) call for the application of ADS-B technology.

Buy Complete Report at https://www.theinsightpartners.com/buy/TIPAD00002135

Tags: Automatic Dependent Surveillance Broadcast, Automatic Dependent Surveillance-Broadcast Industry, 2027 Automatic Dependent Surveillance-Broadcast Market, 2021 Automatic Dependent Surveillance-Broadcast Market, Automatic Dependent Surveillance-Broadcast Market 2027, Automatic Dependent Surveillance-Broadcast Market 2021, Automatic Dependent Surveillance Broadcast Market See Campaign: http://www.theinsightpartners.com/reports/automatic-dependent-surveillance-broadcast-market
Contact Information:
The Insight Partners 533, 5th Floor, Amanora Chambers, East Block, Amanora Township, Kharadi Road, Hadapsar, Pune-411028 Email :[email protected] Phone : +1-646-491-9876