Flight Tracking System market size trend – Industry Trends and Forecast to 2027


Posted December 7, 2021 by james4220

The Flight Tracking System market size was valued at US$ 354.7 million in 2019 and is projected to reach US$ 549.7 million by 2027.
 
Market Overview
The flight tracking systemmarket is projected to register a CAGR of 5.80% between 2021 and 2027. Flight tracking system comprises of software and system employed to track the flights, aircraft, and airport activities. Such systems are used by commercial airport or flight operators for tracking and monitoring their flights or aircraft in case they deviate from the decided flight path. In a scenario where the flight or aircraft in consideration deviates from the decided path, the system alerts the concerned authorities about potential problems.

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Competitive Landscape
Airbus SAS (NAVBLUE) (Netherlands)
ACR Electronics Inc. (US)
Aireon (US)
AirNav Systems LLC (US)
Blue Sky Network (US)
FLYHT Aerospace Solutions Ltd. (Canada)
Garmin Ltd. (US)
Honeywell International Inc. (US)
Raytheon Technologies Corporation (US)
SITA (Switzerland)
IBM Corporation (US)
Spider Tracks Limited (New Zealand)
Sabre (US)
Market Segmentation
The commercial segment is forecasted to register a higher growth rate in the coming years during the forecast period. The growing importance of flight tracking of commercial or non-military aircraft, including scheduled carriers, business jets, and other private aircraft, is expected to propel the growth of the commercial segment in the market.
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Regional Analysis
North America held the largest market share in 2020 and is likely to grow considerably during the forecast timeline. The region has witnessed extensive investment by the airline companies to enhance the safety levels of the aircraft in their fleets. Moreover, the US military is adopting advanced technologies, particularly in the fields of wireless sensor networks, artificial intelligence, and high-speed communications, and investing in research and development of advanced tracking systems to enhance the capability of their flight tracking systems.

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Issued By james
Business Address India
Country India
Categories Advertising
Tags flight tracking system market
Last Updated December 7, 2021