FLIGHT TRACKING SYSTEM MARKET ANALYSIS

Global Flight Tracking System Market size was valued at US$ 467.3 Mn in 2022, exhibiting a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.

Advanced Dependent Surveillance-Broadcast (ADS-B) is utilized as a substitute to radar-based global positioning frameworks. In order to determine an aircraft's position, the ADS-B system relies on Global Navigation Satellite systems. The speed, type, altitude, and flight number are all added to the position data after that. This is then changed over into a computerized message and is communicated to collector through the transponder prepared in airplanes. Besides, Future Air Route Framework (FANS) utilizes advanced correspondence and route framework to diminish the partition between airplanes that permits more secure utilization of the absolute most productive course. FANS makes it possible for ATC to safely and effectively track and route aircraft, making it possible to accommodate more aircraft in the available air space.

Global Flight Tracking System Market - Regional Analysis

Figure 1. Global Flight Tracking System Market Share (%), By Region, 2022

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North America is the largest flight tracking system market. The reason for this is the technological advancements present in the region which is absent from other regions. The North American region is also home to most of the key players in this industry, thereby establishing a strong presence within the region.

Asia Pacific is the fastest growing region and can soon within the forecasted period, overtake North America. This may be due to the digitization of several industries across China and India due to which the scope for new ventures and existing ventures in the industry of Flight Tracking system is very high. Also, the rapidly growing population is contributing towards more frequent flyers who travel from place to place thereby increasing the need for Flight Tracking Systems.

Global Flight Tracking System Market- Segmentation

Figure 2. Global Flight Tracking System Market Value (US$ Mn) Analysis and Forecast, by System Type, 2022

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ADS-B segment leads the market use of Flight Tracking System with a share of 43.3% of the total market as on 2022.

With an increasing number of passengers, ATC and monitoring has become extremely crucial. Here ADS-B systems become very useful. A cooperative surveillance technology for aircraft tracking is ADS-B. Using the Mode-S signaling scheme, this technology enables an aircraft to periodically broadcast information about its position, including heading, altitude, and GPS coordinates. Convenient and devoted flight global positioning framework is contained gear introduced in airplane, information handling servers, air group programming, information sharing servers, and web application programming. Altitude, also known as GPS height, latitude, longitude, heading, ground speed, aircraft ID, and time of position fix are some of the parameters that are transmitted by the aircraft's installed equipment with position data. Through a satellite network, these parameters send data to the company's web service portal. After that, it sends the data to the database of equipment manufacturers. In addition, only aircraft-installed components are taken into consideration. In any case, versatile flight GPS beacons do not agree with business carrier administrative power principles.

Global Flight Tracking System Market was valued at US$ 467.3 Million in 2022 and is expected to reach US$ 715.1 Million by 2030, exhibiting a CAGR of 5.50% between 2023 and 2030.

Global Flight Tracking System Market - Key Competitors

Key companies operating in the global flight tracking system market are Aireon LLC, Spider Tracks Limited, BLUE SKY NETWORK, SKY TRAC SYSTEMS LTD, FLYHT Aerospace Solutions Ltd., Rockwell Collins, Garmin International Inc., and Honeywell International Inc.

Global Flight Tracking System Market - Recent Developments

1. As on March 7 2023, SKYTRAC Frameworks Ltd. (SKYTRAC), a technology company specializing in providing advanced data-driven solutions for the aviation industry, and The Helicopter Company (THC) a company that offers a wide range of commercial helicopter services, as the chief helicopter specialist co-op authorized to work business trips in the Realm of Saudi Arabia (the Realm), have gone into a consent to empower Low Earth Circle (LEO) satellite, 4G/LTE cell, and Wi-Fi availability as well as cutting edge mission capacities for their whole armada of Airbus and Leonardo helicopters. An all-in-one platform for connectivity, communications, data-driven operational insights, engineering and client support, and pilot situational awareness will be provided by the partnership to THC. SKYTRAC will provide THC's fleet with mission-critical features like SkyWeb Automated Flight Following and Mission Monitoring, SAFRTM Flight Data Monitoring (FDM), Real-Time HUMS (RT HUMS) Alerting, Iridium Satellite Push-to-Talk (PTT) communications, voice and text messaging, and the SKYTRAC Inflight iOS application, which pilots use to improve cockpit situational awareness with real-time weather detection, Marine AIS, NOTAM alerts.
2. As on May 25 2023, FLYHT Aerospace Solutions Ltd. a company that provide the airline industry with data solutions to enable their partners to make smart decisions based on Actionable Intelligence to improve operational efficiency, announced two brand-new commercial agreements for satcom hardware and recurring software services with Bahamasair, the national airline of the Bahamas, and Sichuan Airlines, the largest airline in Western China. FLYHT Aerospace Solutions Ltd. provide the airline industry with innovative data solutions to enable our partners to make smart decisions based on Actionable Intelligence to improve operational efficiency, sustainability, and profitability through our extensive hardware, software, weather sensors, and services. Over the next five years, the two contracts' combined value is approximately US$ 1.2 million. Sichuan Airlines, a long-term FLYHT client, has agreed to install 10 additional AFIRS 228 units on its fleet of Airbus A320 aircraft that it is converting from passenger to cargo to meet the growing demand for freight services in China. After a competitive bidding process that included the incumbent satcom provider, FLYHT won the contract.
3. As on January 25 2023, Collins Aerospace, a leader in providing technologically advanced and intelligent solutions for the global aerospace and defense industry announced that it will coordinate the development of new high-voltage electric power distribution technologies under the European Union’s Clean Aviation HECATE projects. Collins will lead the project's steering committee for HECATE, which stands for Hybrid-ElectriC regional Aircraft Distribution Technologies, and Safran will serve as the technical coordinator. Thales, Diehl Aerospace, Airbus Defence and Space, Leonardo, and a number of Universities are among the 37 European aerospace industry partners that the two companies will collaborate with. Clean Aviation will contribute to HECATE consortium approximately USD 37.22 million, and U.K. Research and Innovation will give it approximately 6.57 USD.
4. On June 6 2023, Garmin, Inc. declared Supplemental Sort Accreditation (STC) by the Government Flying Organization (FAA) for the GI 275 electronic flight instrument in Chime 407 and Robinson R66 helicopters. The GI 275 is a cost-effective, scalable approach to an avionics upgrade that is a direct replacement for a number of legacy primary flight instruments in the cockpit, such as the primary attitude indicator, course deviation indicator (CDI), horizontal situation indicator (HSI), or multi-function display (MFD). It is a powerful solution for helicopter owners and operators. By taking advantage of the standard flight instrument size of 3.125 inches, the GI 275 is purposefully designed to minimize installation time and preserve the existing instrument panel. Its bright touchscreen display with a high resolution and a wide viewing angle make it easier to read in the cockpit. Pilots can access a variety of essential functions through a dual concentric knob, in addition to interacting with the flight instrument through the touchscreen. The GI 275 offers pilots a straightforward upgrade path to modern flight instrument features and functions and is suitable as a direct replacement for many outdated flight instruments. It is simple to integrate into a variety of panels.

Global Flight Tracking System Market – Drivers

Global market to expand due to rising passenger travel demand

In recent years, there has been a significant rise in passenger travel demand. Air travel is now used by an ever-increasing number of people, and international travel has significantly increased. The global flight tracking system market is making money as a result of this significant demand in the Asia Pacific and Middle East regions. For instance the Global Market Forecast 2022 by Airbus S.A.S. predicts that till 2041, the passenger traffic around the world will increase by 3.6 percent annually, and the Freight Traffic shall grow by a CAGR of 3.2%.

Low Human Interference during operational flight tracking activities

One of the biggest factors that shall drive the Flight tracking system market is the fact that it shall be free from human error. The reduced human error is a result of increase in automation and system based decision making. The flight tracking and scheduling shall be automated, due to which the chances of mistakes and delay shall be eliminated. Also, user access can be controlled such that certain personnel can be allotted specific jobs and can be provided access to specific data.

Global Flight Tracking System Market – Restraints

Global flight tracking system market to be limited by rising technical challenges in existing systems

Real-time updates, position data retrieval, and oceanic airspace are just a few of the technical issues with current flight tracking systems. Additionally, transmission of exact position, restricted satellite transfer speed, position of satellite receiving wire under trouble condition to communicate information, and so on are additional issues. This is supposed to limit the market development over the conjecture period. Latency and lag with respect to position and co-ordinates of real time data is an issue which needs to be resolved.        

High charges associated with communication for receiving updates to restrain growth of the global flight tracking system market

The cost of installing a flight tracking system is less than the cost of the aircraft because it is a one-time investment. However, airline companies face the greatest obstacle due to the fact that they own approximately 200 airplanes: the prohibitive costs associated with position data. In addition, only a small number of businesses are currently selling low-cost portable and dedicated flight tracking systems, despite the fact that these systems do not meet the standards required by aviation regulatory organizations. As a result, airline companies will not be able to use such systems. For example, information transmission cost for ACAR utilizing satellite utilizing correspondence goes from US$ 500 for a short-pull airplane utilizing VHF radio frameworks.

Global Flight Tracking System Market – Opportunity

Inaccessibility of tamper-proof solution is supposed to set out favourable development open doors for market players          

Despite the fact that there have been a few mechanical headways, no innovation has had the option to completely conform to ATTF following principles. This is because there is no tamper-proof solution, which could provide significant growth opportunities for the manufacturing of flight tracking systems. For instance, manufacturers of flight tracking systems claim that neither FANS nor ACAR systems provide a tamper-proof solution, meaning that any aircraft can disable the system and transponder. Such circumstances can make transponder unequipped for sharing airplane position information. In turn, this is expected to present market players with significant growth opportunities in the near future.

Advancements in communication solutions, offering real-time aircraft position updates to pose lucrative growth opportunities

Position data tracked by air navigation service provider is not directly accessible to airline companies as they are dependent upon air traffic control (ATC). This challenge can be encountered by developing solutions that can offer real-time air tracking updates to airline companies can offer conducive growth opportunities for market players. These updates should cover 4D/15 tracking factors such as latitude, altitude, longitude, and time at 15 minutes intervals or less as per ICAO performance standards.

Global Flight Tracking System Market- Impact of Coronavirus (Covid-19) Pandemic

COVID-19 forced Governments to enforce lockdowns resulting in the tourism and air transport industry to come to a standstill. The rapid spread of COVID-19 has hampered the expansion of the flight tracking system market and has impacted airline sales. Prior to COVID-19, this market was anticipated to experience significant growth in 2021. However, until the situation stabilizes and all processes are resumed, the market is anticipated to decline in the near future. Sales are very important in the airline industry. Due to lockdown, there was no demand for flight tracking systems, which eventually slowed the market's expansion. According to ICAO (International Civil Aviation Organization), the COVID-19 pandemic has had a significant impact on the operations of airports, air navigation service providers (ANSPs), and airlines. The industry's future will be affected by decisions made today and in the coming months. States, businesses, and all stakeholders need reliable data and tools so they can keep an eye on COVID-19's changing impact and use key indicators to make decisions based on accurate data.

*Definition: Flight tracking lets passengers and those picking them up after a flight know whether a flight has landed and whether it is on time, such as when to head to the airport. ADS-B transponders are found on aircraft, and they use radio signals to send information like the aircraft ID, GPS position, and altitude. Civilian ADS-B receivers located close to the aircraft collect these radio transmissions. Because these ADS-B receivers can only collect data from flights that are within their position's radio range, the data they collect is typically sent to a central server that compiles feeds from numerous individual receivers located all over the world.