Equipment required to obtain position data are offered as a standard fit in many of the new aircraft manufactured today. Data from equipment such as ADS-B is used by software technology companies to determine the accurate position of the aircraft. The increase in passenger travel demand, especially in the Middle East and Asia Pacific regions is fuelling the total demand for new aircraft, thereby contributing to the revenue growth of the ADS-B segment.
Albany, NY -- (SBWIRE) -- 06/26/2017 -- The flight tracking system market is witnessing serious boom since the demand is rising from healthcare, life science, consumer goods, retail, travel-tourism, IT-telecommunication, media as well as entertainment sectors. Looking into this spurge, a new study has been added to the vast online repository of Market Research Reports Search Engine (MRRSE), with the title ''Flight Tracking System Market: Global Industry Analysis and Opportunity Assessment, 2016-2026''. The report aims to offer a precise evaluation of the most useful factors such as players, marketing strategies and production processes.
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According to the report, the ADS-B segment in the global tracking system is estimated to rise at an effective CAGR in terms of value till 2021, after which this segment is slated to grow at a high CAGR of 6.5% over the forecast period. It also mentions that the ADS-B segment has the potential to remain the leading outstanding segment over the forecast period.
Today, the flight tracking system has the ability to offer better surveillance which is boosting the demand for ADS-B systems in the global flight tracking system market. The study begins with the careful executive summary, assumptions, and acronyms used, together with the research methodology. Later, it focuses on the market overview, with a clear introduction, market definition as well as the data on market taxonomy and market dynamics. In this section, there is the evaluation of the drivers, restraints, opportunity together with the value chain. By estimating the market forecast, between 2016 and 2024, the study guides the investors to take opportunistic steps.
The report also has important evaluations on the beneficial factors such as market analysis based on enterprise, vertical and even the active regions. In the market analysis of the region, there is a conclusive introduction and y-o-y (year on year) growth projection, in terms of the country. There is also basis point share (BPS) analysis, considering the country, as well as the key trends. With the North American market forecast considering the country along with the data about the absolute opportunity in the U.S. and Canada. In terms of the size of the enterprise, the market is split into a small enterprise, medium enterprise, and large enterprise.
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In the next section, the market verticals are split into BFSI, healthcare and life science, consumer goods retail, travel-tourism, IT-telecommunication, media and entertainment, government and others. The study also offers the market attractiveness analysis for the benefit of the reader. This report discusses crucial factors such as the ADS-B segment in the North America market estimated to gain more than US$ 100 Million in 2016 and now expected to build incremental revenue opportunity of more than US$ 120 Million between 2016 and 2026.
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