Automatic Dependent Surveillance-Broadcast (ADS-B) Market – Industry Trends and Forecast to 2028
Automatic dependent
surveillance-broadcast (ADS-B) market will reach at an estimated value of USD
7,860.90 million by 2028 and grow at a rate of 20.12% in the forecast period
2021 to 2028.
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Market Analysis and Insights: Global
Automatic Dependent Surveillance-Broadcast (ADS-B) Market
Increase in airspace congestion and modernization of
air traffic management infrastructure acts as the vital factor escalating the
demand for automatic dependent surveillance-broadcast (ADS-B) market in the forecast
period of 2021- 2028.
Automatic dependent surveillance-broadcast (ADS-B) is
defined as surveillance technology that enables an aircraft to determine its
position through satellite navigation. Automatic dependent
surveillance-broadcast (ADS-B) helps to track an aircraft through periodical
broadcasts.
Increase in the focus on safety within the aviation
industry is the major driver escalating the market growth, also rise in the
development of new airports and increase in the ADS-B for UAVs are the major factors
among others driving the automatic dependent surveillance-broadcast (ADS-B)
market growth. Moreover, rise in the research and
development activities in the market and rise in the demand from emerging
economies will create new opportunities for the automatic dependent
surveillance-broadcast (ADS-B) market manufacturers in the forecast period of
2021- 2028.
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