July26,2022/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automatic Dependent Surveillance Broadcast Market.
The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Automatic dependent surveillance broadcast market is likely to witness an impressive CAGR of 22.2% during the forecast period.
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Segment Analysis
Based on the type, the market is segmented as ADS-B Out, ADS-B In, and ADS-B ground stations. The ADS-B In segment is estimated to register the highest growth during the forecast. This growth is mainly attributed to the additional safety features and situational cognizance that ADS-B In provides to aircraft pilots.
Automatic Dependent Surveillance Broadcast (ADS-B) Market Share: By Application Type
Based on the application type, the market is segmented as Terminal Manoeuvring Airspace (TMA) Surveillance and Airborne Surveillance. The TMA surveillance segment held the largest share of the market in 2018. TMA surveillance comprises services such as Non-Radar Airspace (NRA) Surveillance, Radar Airspace (RAD) Surveillance, and On Airport Surface (APT) Surveillance. Mounting airspace overcrowding and the rising demand for construction of new airports have ushered in the development of efficient and safe TMA surveillance systems.
Automatic Dependent Surveillance Broadcast (ADS-B) Market Share: By Region
In terms of regions, North America is estimated to dominate the ADS-B market during the forecast period, owing to the FAA mandate for ADS-B installation on all aircraft and the regional presence of component integrators, Original Equipment Manufacturers (OEMs), and subcomponent manufacturers. These factors are propelling the growth of the North American ADS-B market. Giant aircraft manufacturers have already incorporated ADS-B in their new manufactured aircraft as a forward fit option. Further, other aircraft owners are retrofitting ADS-B systems onboard their aircraft. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Automatic Dependent Surveillance Broadcast Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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