Flight Tracking System Market Report - (Growth and Size 2031)

The Flight Tracking System Market size is projected to reach US$ 655.10 million by 2031 from US$ 441.61 million in 2023. The market is expected to register a CAGR of 5.1% in 2023–2031. FAA (Federal Aviation Administration) is part of U.S department of Transport that has initiated various programs to promote the adoption of the latest flight tracking technology that includes ADS-B. Some of the major initiatives by the association includes GDASS. Presence of such associations in the region has offered the aviation industry with standardized guidelines for implementation of flight tracking systems. The initiatives by the government associations are expected to offer the flight tracking systems market with a noteworthy growth opportunity in the coming years.

Flight Tracking System Market Analysis

The aerospace and defense industry across the globe encompass several numbers of well-established aircraft original equipment manufacturers (OEMs) accounting substantially large market share in the respective aircraft market. Since there is availability of large number of aircraft valve manufacturers in the market, small as well as big-brands, the aircraft manufacturers have a substantial bargaining power to procure aircrafts valve with high-quality at a competitive price. As a result, the bargaining power of buyers in the flight tracking system market is inclined towards buyers due to their functional requirement and presence of substantial number of suppliers. Moreover, the bargaining powers of the buyers is expected to remain high during the forecast period owing to development of OEM components and aircraft components.

Flight Tracking System Market Overview

The rising air passenger traffic across different regions and increasing number of flight operations are some major factors catalysing the growth for flight tracking system market globally. Further, the need for real time updates and advancements in the air traffic control operations is another major factor supporting the deployment of systems such as ADS-B, ACARS, and FANS.

The ongoing war between Russia-Ukraine, Israel-Palestine, and Israel-Iran have been impacting the airline operations globally. Before the starting of Russia-Ukraine war, Russia accounted for around 11% of the global passenger traffic in terms of number of passengers for their respective domestic and international travels. However, the war has led to a negative impact for the international as well as domestic flights in the Russia region which has ultimately impacted the flight tracking demand across the country. Further, the constant tensions among the countries such as US-China, US-Russia, and India-China may also hamper the airline operations in the coming years.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Flight Tracking System Market: Strategic Insights

Market Size Value in	US$ 354.7 Million in 2019
Market Size Value by	US$ 549.7 Million by 2027
Growth rate	CAGR of 5.6% from 2020-2027
Forecast Period	2020-2027
Base Year	2020

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

 Speak to Analyst

Flight Tracking System Market Drivers and Opportunities

Increasing Flight Traffic Contributing to Demand for New Aircraft

The rising air passenger traffic across different regions and changing regional traffic across emerging countries such as China and India are driving the flight tracking system market worldwide. Currently, the US and China have been competing in terms of passenger traffic. Below are mentioned top 5 countries ranking in terms of passenger traffic

Such change in passenger traffic dynamics is likely to generate new demand from the emerging countries such as China, Indonesia, and Turkey in the coming years which is expected to drive the market for flight tracking system across different regions.

Implementation of ICAO Guideline for Abnormal Flight Condition from 2021

Majority of the businesses in the aviation operation and airlines in the market are prepared to meet the requirements of ICAO and are awaiting the for next level of regulatory and industry guidelines linked to the second phase of GADSS provisions that are yet to be technologically defined by the ICAO. Such requirements began in January 2021 and comprise of a provision for production of new airframes that would get equipped with the capability to generate position reports once a minute while in an abnormal flight status. The systems would be independent of aircraft power and not detachable. These new requirement for the tracking devices as per the ICAO guidelines would receive significant traction as the regional regulatory agencies make it a compulsory need. This global initiative is anticipated to generate ample production demand for flight tracking systems for both commercial as well as military aircrafts. The standards for defining the avionics ability to facilitate the tracking systems as per the ICAO norm for 2021 initiatives has already begin with the ARINC Industry Activities and the global aircraft tracking working group have prepared the standards.

Flight Tracking System Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Flight Tracking System Market analysis are system, end use, and geography.

• Based on system, the Flight Tracking System Market has been divided into ADS-B, FANS, ACARS, and PFTS. The ADS-B segment held a larger market share in 2023.
• By end use, the market has been segmented into military and commercial. The commercial segment held the largest share of the market in 2023.

Flight Tracking System Market Share Analysis by Geography

The geographic scope of the Flight Tracking System Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America dominated the flight tracking system market in 2023, whereas Asia Pacific is likely to counter the North America region by the end of 2031. Further, North America region is the economic power house of the world and has continued its legacy for around a century. The regions hold largest and strongest economy supported by a commodities cornucopia, industrial dynamo, thus attracting millions of immigrants looking for better life. The strongest financial performance being delivered by airlines in North America resulted in Net post-tax profits at around US $14.3 Bn in 2023 year. The limited downside of the region in this sector has been reinforced by consolidation, serving to sustain load factors (including cargo and passenger) more than 63%, and ancillaries, which bounds the influence of higher fuel costs, keeping breakeven load factors close to 57% in coming years.

Flight Tracking System Market Report Scope

Flight Tracking System Market News and Recent Developments

The Flight Tracking System Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for flight tracking system market and strategies:

• In March 2024, Aireon, one of the major companies in space-based air traffic management data products and services, has signed an expanded distribution agreement with Airbus to enable more users access to the Aireon's space-based automatic dependent surveillance-broadcast (ADS-B) data. (Source: Aireon, Press Release/Company Website/Newsletter)
• In June 2022, Spain-based ENAIRE acquires six ADS-B surveillance stations from Thales for their deployment and commissioning in the Cantabrian sector. (Source: Thales Group, Press Release/Company Website/Newsletter)

Flight Tracking System Market Report Coverage and Deliverables

The “Flight Tracking System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis