Global Flight Tracking System Market Size, Share, and COVID-19 Impact Analysis, By System Type (ADS-B, FANS, Portable FTS), By Application (Fixed-Wing, and Rotary-Wing), By End-User (General Aviation, Civil Aviation, Military Aircraft), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Industry: Aerospace & Defense

RELEASE DATE Jul 2024
REPORT ID SI4764
PAGES 205
REPORT FORMAT PathSoft

Global Flight Tracking System Market Insights Forecasts to 2033

  • The Global Flight Tracking System Market Size was Valued at USD 448.32 Million in 2023
  • The Market Size is Growing at a CAGR of 5.30% from 2023 to 2033
  • The Worldwide Flight Tracking System Market Size is Expected to Reach USD 751.6 Million by 2033
  • Aisa Pacific is Expected to Grow the fastest during the forecast period.

Global Flight Tracking System Market

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The Global Flight Tracking System Market Size is Anticipated to Exceed USD 751.6 Million by 2033, Growing at a CAGR of 5.30% from 2023 to 2033.  

Market Overview

Flight tracking is a type of technology that enables the real-time monitoring of flight positions, planes, and airport activity using the software. It notifies travelers and those picking up passengers whether a flight has landed or is on time. It takes data from a variety of sources, including radar, ADS-B (Automatic Dependent Surveillance-Broadcast), and satellite feeds, to deliver correct information that comprises the aircraft's current location, altitude, speed, route, departure, and arrival timings via radio signal. In certain cases, weather conditions affecting the flight path, airlines, airports, air traffic control, and passengers employ flight tracking systems to assure safety, manage operations efficiently, and present travelers and stakeholders with the most recent flight information. The flight tracking system (FTS) market is driven by increasing global air traffic, advancements in satellite-based technologies like ADS-B and MLAT, stringent regulatory requirements for safety (GADSS), and a growing demand for operational efficiency in aviation.

 

Report Coverage

This research report categorizes the market for flight tracking system market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the flight tracking system Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the flight tracking system market.

 

Global Flight Tracking System Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 448.32 Million
Forecast Period:2023 to 2033
Forecast Period CAGR 2023 to 2033 :5.30%
2033 Value Projection:USD 751.6 Million
Historical Data for:2019-2022
No. of Pages:205
Tables, Charts & Figures:92
Segments covered:By System Type, By Application, By End-User, and By Region and COVID-19 Impact Analysis
Companies covered:: Airbus SAS, IBM Corporation, Spider Tracks Limited, ACR Electronics Inc., Aireon LLC, AirNav System LLC, Blue Sky Network, FLYHT Aerospace Solutions Ltd., Honeywell International Inc., Garmin, Ltd., Rockwell Collins, Skytrac System Ltd.Aand others key players.
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Driving Factors

The flight tracking system (FTS) market is driven by several key advantages including proactive alert systems that reduce accidents, automation that reduces human error, real-time tracking enhancing fleet management, high potential for return on investment, and customizable features meeting diverse aviation needs. Additionally, technological advancements and regulatory pressures drive adoption. Integrating artificial intelligence and machine learning will further refine predictive capabilities, enhancing both safety and operational efficiency across the aviation industry. Air traffic continues to increase globally, and the demand for reliable and scalable FTS solutions will remain strong, presenting opportunities for both established players and new entrants in the market.   

 

Restraining Factors

The flight tracking system market faces significant challenges primarily due to the high costs associated with installation, maintenance, and certification. Advanced versions incur even higher expenses, limiting their adoption to larger companies with substantial budgets. Furthermore, technical challenges, especially over oceanic regions where data recovery can be challenging and hinder market growth.  

 

Market Segmentation

The flight tracking system market share is classified into system type, application, and end-user.

 

  • The ADS-B segment is estimated to hold the highest revenue share through the projected period.

Based on the system type, the flight tracking system market is classified into ADS-B, FANS, and portable FTS. Among these, the ADS-B segment is estimated to hold the highest revenue share through the projected period. The dominance of the ADS-B segment in the flight-tracking system market aligns with its widespread adoption and technological advantages. ADS-B offers real-time tracking and precise positioning of aircraft, enhancing safety and efficiency in aviation operations. Its mandated implementation in many regions, coupled with its ability to integrate seamlessly with existing air traffic management systems, further supports its projected market leadership. Additionally, increasing the number of passengers, ADS-B and surveillance have become extremely crucial. Furthermore, regulatory agencies have endorsed the use of ADS-B for its real-time flight tracking capacity.

 

  • The fixed-wing segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the flight tracking system market is divided into fixed-wing and rotary-wing. Among these, the fixed-wing segment is anticipated to hold the largest market share through the forecast period. The rapidly growing middle class is one of the key drivers of increased demand for new commercial aircraft, which in turn drives the need for flight tracking systems in fixed-wing aircraft. The commercial aviation industry heavily relies on fixed-wing aircraft for global passenger and cargo transportation due to their efficiency and range.

 

  • The civil aviation segment dominates the market with the largest market share through the forecast period.

Based on the end-user, the flight tracking system market is categorized into general aviation, civil aviation, and military aircraft. Among these, the civil aviation segment dominates the market with the largest market share through the forecast period. Commercial airlines operate a significantly higher number of flights compared to general aviation (private planes) and military aviation. This translates to a much larger demand for tracking systems in the civil aviation sector. The reason is the rapid increase in air passenger travel. Furthermore, passenger safety remains the primary concern of the governing agencies.

 

Regional Segment Analysis of the Flight Tracking System Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the flight tracking system market over the predicted timeframe.

Global Flight Tracking System Market

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North America is anticipated to hold the largest share of the flight tracking system market over the predicted timeframe. Airlines in the region have made significant investments to improve the safety of their aircraft fleets. Furthermore, the US military is adopting advanced technologies, particularly in the fields of wireless sensor networks, artificial intelligence, and high-speed communications, and investing in the research and development of advanced tracking systems to improve the capability of their flight tracking systems.

 

Bottom of Form

Asia Pacific is expected to grow at the fastest CAGR growth of the flight tracking system market during the forecast period. The APAC market is attributed to the presence of growing economies in the area. With rising per capita disposable income, the region's air passenger traffic has increased dramatically during the last decade. The rising middle class and increased demand for aircraft are likely to fuel aviation growth, increasing the demand for flight-tracking systems in the region. The region might be attributable to the digitization of several industries in China and India, which has offered significant opportunities for new and existing enterprises in the flight tracking system market.  

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the flight tracking system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Airbus SAS
  • IBM Corporation
  • Spider Tracks Limited
  • ACR Electronics Inc.
  • Aireon LLC
  • AirNav System LLC
  • Blue Sky Network
  • FLYHT Aerospace Solutions Ltd.
  • Honeywell International Inc.
  • Garmin, Ltd.
  • Rockwell Collins
  • Skytrac System Ltd.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In January 2024, X-1FBO, a developer of aviation service software, launched its new X-1 Landing System, with Morristown Airport (KMMU) that utilizes flight tracking data to create a completely automated monitoring system for all incoming and outgoing aircraft activity.
  • In November 2023, Isar Aerospace, a European launch service firm, partnered with Andoya Spaceport to launch a Tracking satellite to provide an effective new flight tracking and safety system for future rocket launches.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the flight tracking system market based on the below-mentioned segments: 

 

Global Flight Tracking System Market, By System Type

  • ADS-B
  • FANS
  • Portable FTS

 

Global Flight Tracking System Market, By Application

  • Fixed-Wing
  • Rotary-Wing

 

Global Flight Tracking System Market, By End-User

  • General Aviation
  • Civil Aviation
  • Military Aircraft

 

Global Flight Tracking System Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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