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ADS-B Accounting for 75% of Global Flight Tracking System Revenues, Report Says

By S.L. Fuller | March 22, 2017

Freeflight20ADS-B-View-2_0ADS-B systems will continue to account for more than 75% of global flight tracking system revenues, according to a recent study developed by Future Market Insights. It is been estimated that the global market for flight tracking systems, which is presently valued at some $358 million, will exhibit a steady increment at 5.5% compound annual growth rate (CAGR) to reach $611.8 million by the end of 2026.

The report, “Flight Tracking System Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” also named Honeywell and Rockwell Collins as “two of the most recognizable manufactures of global flight tracking system market.”

“Collectively, these two flight tracking system manufacturers are estimated to account for over 50% of the global market revenues, specializing in production of ADS-B and [future air navigation] systems,” Future Market Insights says.

The report names Garmin and Aireon LLC as prominent market players and Flyht Aerospace Solutions Ltd., Skytrac Systems Ltd., Spider Tracks Limited and Blue Sky Network as prominent manufacturers of portable flight tracking systems.

Future Market Insights also predicts that North America will remain the largest market for flight-tracking systems in the world. By the end of 2026, revenues will reach 6.4% CAGR, procuring half of global market revenues.

“The flight tracking system market in Western Europe will also gain traction, raking in over $100 million by the end of 2026. Revenues from flight tracking systems will be lowest in Japan and the Middle East and Africa (MEA) region,” Future Market Insights says. “The flight tracking system market value in regions such as Asia-Pacific excluding Japan (APEJ), Latin America and Eastern Europe are anticipated to rise at less than 4% CAGR over the forecast period.”

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