Flight Tracking System Market 2018
Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Flight Tracking System Market 2018 Flight Tracking System Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 The aviation industry has witnessed major accidents in the recent years, which have changed the safety parameters for aircraft. Due to the disappearance of the Malaysian Airlines MH370 in 2014, regulatory authorities have recommended high-level safety standards for flights. Subsequently, as a result of the technological advancements and improved software, there have been significant innovations in the flight tracking system, which are more effective as compared to the conventional radar tracking systems. Flight tracking system seeks demand from the challenges to increasing safety operations in aircraft systems and for retrieval of flight data. Flight tracking system refers to the surveillance systems that provide air traffic control along with the transmission of real-time aircraft data. Hence, the flight tracking system has become an important component in every aircraft. The flight tracking system comes under the Global Aeronautical Distress & Safety System (GADSS), which ensures the functionality of the flight tracking system, starting from takeoff to landing of the aircraft. The flight tracking system not only tracks the positions of aircraft but also informs about any distress conditions in the aircraft, along with retrieving the flight data. This system acts as cutting-edge technology and is phasing out the conventional passive bi-static radar (PBR) systems, in which the presence of the aircraft was only detected by the echoes.
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Flight Tracking System Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Flight Tracking System Market Research Report - Global Forecast 2023 �
The global flight tracking system market is driven by factors such as focus on ensuring flight safety, constant monitoring of the aircraft, and growing adoption of Automatic Dependent SurveillanceBroadcast (ADS-B) flight tracking system. Furthermore, the increasing safety standards and specifications by government bodies and progressing commercial airline industry are the factors that also result in the market growth. For instance, in 2017, Airbus announced that it would implement the flight tracking system on its A350 and A380 aircraft, as per the government standards. The installation of flight tracking system would transmit alerts automatically in case of abnormal flight situations. However, the high installation cost and lack of the requisite skill sets for operating the systems are hampering the growth of the market.
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Flight Tracking System Market 2018 Segmentation: The flight tracking system market has been segmented by type, aircraft, end-user, and region. Based on the type, the market has been segmented by Aircraft Communications Addressing & Reporting System (ACARS), ADS-B, Future Air Navigation Systems (FANS), and Automated Flight Information Reporting System (AFIRS). Amongst these, ADS-B accounts for the largest market share due to the significance it holds in the next generation air transportation system. On the basis of aircraft, the market is classified into fixed-wing and rotary-wing. Among these, the fixed-wing aircraft segment dominates the market due to the high demand for air travel and passenger aircraft, in the recent years. Based on end-user, the market has been segmented by commercial aircraft and military aircraft. Among them, the commercial aircraft market segment comprised the largest share in 2017, due to numerous commercial planes and helicopters that are being used. Moreover, due to the growing demand for air travel, new airline companies are emerging every year, which simultaneously increases the demand for flight tracking system.
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Flight Tracking System Market 2018 Application & Major Players in this Research: Flight Tracking System Market Prominent Players :
ACR Electronics Inc. (U.S.), Aireon LLC (U.S.), AirNav Systems LLC (U.S.), Blue Sky Network (U.S.), FLYHT Aerospace Solutions Ltd. (Canada), Garmin International Inc. (U.S.), Honeywell (U.S.), Rockwell Collins Inc. (U.S.), Spider Tracks Limited (New Zealand), and SITA (Switzerland). Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/6240
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Flight Tracking System Market 2018 Flight Tracking System Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The global flight tracking system market is expected to grow at a very fast pace, during the forecast period, owing to the growing demand for the transmission of data regarding data tracking, position tracking, and state of the components in the aircraft system. As a result, the flight safety would increase significantly. Among the regions, North America dominates the global market and is also likely to grow phenomenally, during the forecast period, on the flight tracking system front. The region has witnessed extensive investments by the airline companies, in a bid to increase the safety of their respective aircraft. Moreover, the U.S. military is adopting updated technologies and is engaging in high R&D investments for increasing the compatibility of their planes. Besides, the region is home to a large number of market players. This resulted in the dominant position of North America in the flight tracking system market, in 2017.
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