Global Flight Tracking System Market Overview:
Flight tracking is the process of acquiring real-time flight information, such as latitude, longitude, altitude and ground speed of a specific aircraft. It is one of the crucial initiatives undertaken by regulatory agencies towards making aviation safe. Flight tracking is mainly carried out to ensure safe and efficient air traffic control as well as airline operations, and also to provide immediate response in case of an incident. It encompasses ground infrastructure as well as airborne equipment, along with the components that link them. There have been significant innovations in the flight tracking system front, owing to the rapid technological advancements and improved software systems.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Widespread Use of Apps for Flight Tracking and Growing Need for Real-Time Flight Tracking System
Market Growth Drivers:
Increase in Demand for New Aircraft, Focus On Ensuring Flight Safety and Constant Monitoring Of Aircraft and Growing Adoption of ADS-B Flight Tracking System
Restraints:
High Installation Cost and Cybersecurity Issues
Opportunities:
Increasing Demand for Flight Tracking System in Emerging Economies and Rising Demand for Military UAVs
Competitive Landscape:
Some of the key players profiled in the report are ACR Electronics Inc. (United States), Aireon (United States), AirNav Systems LLC (United States), Blue Sky Network (United States), Garmin Ltd. (United States), Honeywell International Inc. (Unites States), Spider Tracks Limited (New Zealand), SITA (Switzerland), Rockwell Collins, Inc. (United States), SKY TRAC SYSTEMS LTD (Canada) and FLYHT Aerospace Solutions Ltd (Canada). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Flight Tracking System market by 2027. Considering Market by End-User, the sub-segment i.e. Commercial will boost the Flight Tracking System market. Considering Market by Aircraft, the sub-segment i.e. Fixed-Wing will boost the Flight Tracking System market.
Latest Market Insights:
On 12 June 2018, Honeywell has joined forces with the globe largest flight tracking data company, FlightAware, to bring a brand new level of advanced flight tracking support to operations control centers and business jet owners. This partnership is expected to provide customers of Honeywell’s GoDirect Flight Services with access to more real-time information including position, aircraft speed, altitude and estimated time of arrival at no additional price so they can plan the safest as well as most efficient route available.
What Can be Explored with the Flight Tracking System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Flight Tracking System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Flight Tracking System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Flight Tracking System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Flight Tracking System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Flight Tracking System Manufacturers, Flight Tracking System Distributors/Traders/Wholesalers, Flight Tracking System Subcomponent Manufacturers, Industry Association and Downstream Vendors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.