Houston, TX -- (SBWIRE) -- 03/07/2018 -- The system-specific ADS-B segment is estimated to exceed 100 BPS during the forecast period. This flight tracking system is expected to get a solid grip especially on regular aviation. The ADS-B segment is expected to expand to an important CAGR in value by 2021, and the segment will grow at a CAGR of 6.5% over the forecast period. The ADS-B segment is likely to remain the best segment during the forecast period. This growth is due to the widespread growth of the ADS-B infrastructure in emerging economies and the adoption of improved air surveillance capabilities in developed countries. Overall market growth is largely due to an increase in safety issues and a significant increase in aircraft sales worldwide. The system is standard on a number of new commercial aircraft and due to strict government regulations, it is installed at a significant percentage of the size of the existing fleet. In terms of value, sales of ADS-B systems worldwide are expected to increase five-fold over the forecast period.
The equipment required to obtain position data is available as standard on many new aircraft manufactured today. Data from equipment such as ADS-B is used by the software technology company to determine the exact location of the aircraft. Particularly in the Middle East and Asia-Pacific, passenger demand is rising, which increases demand for new aircraft and contributes to sales growth in the ADS-B segment.
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Safety of passengers and crew is of paramount importance to the airline, especially if the aircraft is flying beyond the radar range or where it is impossible to communicate with a pilot or other crew. ADS-B strengthened surveillance around the area and the need for aircraft tracking was the most important goal, keeping track of the number of aircraft disappearances without leaving traces of airline companies. This factor is driving growth in the adoption of ADS-B systems worldwide.

The aircraft and equipment manufacturers and civil aviation authorities represented by the recently missing Malaysian aircraft MH 370, ANSP, safety agency, pilot group and ICAO have worked to improve the flight tracking of aircraft. Regulatory authorities assuring real-time flight tracking of commercial aircraft are one of the leading drivers of the ADS-B segment.

Portable aircraft tracking systems and other technologies and data that can be reused to facilitate aircraft tracking are evaluated for each type of aircraft used for general aviation, civil aviation and military use. Portable flight tracking devices, which are used for in-flight tracking without complying with government regulations, are also considered in market regulations. Price information collected through various primary and secondary sources is used to reach the market size (US $ Mn) in the weighted average model. The weighted average model is based primarily on each type of system on each aircraft.

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The report covers all the major trends and technologies playing a major role in the market growth over the forecast period. The competition in the global market for Flight Tracking System will likely heat up in the next couple of years on the back of entry of a substantial number of solution providers. This statistical surveying report presents an all-inclusive assessment of the worldwide market for Flight Tracking System, taking several market verticals, such as the production capacity, product pricing, the dynamics of demand and supply, sales volume, revenue, and the growth rate of this market into consideration.
The report provides competitive landscape of the Flight Tracking System market, thereby listing out all the major players according to their geographic presence, market attractiveness and recent key developments. The competitive landscape section of the report gives an overview about the market share of several key players for the year 2017. Moreover, key takeaways section provided at the end of competitive landscape section would help the operating companies to make the best move in the market.
These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth. Factors including market position, offerings and R&D focus are attributed to company's capabilities. This section also identifies and includes various recent developments carried out by the leading players.