The “Global Flight Tracking System Market, by System Type (ADS-B, FANS, and Portable FTS), by End-use Industry (General Aviation, Civil Aviation, and Military Aircrafts), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 645.5 million by 2027, witnessing a CAGR of 5.5% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
Portable Flight Tracking System (PFTS)
Portable and dedicated flight tracking system is comprised of equipment installed in aircraft, data processing servers, air crew software, data sharing servers, and web application software. The equipment installed in the airplane transmit position data with parameters such as altitude i.e. GPS height, latitude, longitude, heading, ground speed, aircraft ID, and time of position fix. These parameters transmit data via satellite network to the company web service portal. Thereafter it sends the data to equipment manufacturer database. Furthermore, only the component installed in aircraft are taken into consideration. However, portable flight tracking devices do not comply with commercial airline regulatory authority standards.
The global flight tracking system market is estimated to account for US$ 410.6 Mn in terms of value by the end of 2019.
Growing demand for passenger travel worldwide is expected to drive growth of the global flight tracking system market during the forecast period
The demand for passenger travel has been increased significantly in the recent past. More and more people are now traveling through airplane and international travels have increased significantly. This demand has been significant in Asia Pacific and Middle East regions, which in turn, is contributing revenue generation of the global flight tracking system market. For instance, according to Airbus S.A.S, the global passenger kilometer is expected to grow by 4.5% every year over the period 2014-2034, with Asia Pacific leading the world traffic by 2034.
Advancements in communication solutions, offering real-time aircraft position updates are expected 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.
Rising technical challenges in existing flight tracking system is expected to restrain the global flight tracking system market growth over the forecast period
Existing flight tracking systems have several technical issues such as provision of real-time updates, retrieval of position data, and oceanic airspace. Moreover, transmission of accurate position, limited satellite bandwidth, position of satellite antenna under distress condition to transmit data, etc. are some other issues. This, in turn, is expected to restrain the market growth over the forecast period.
Satellite communication providers and airline companies are actively collaborating, in order to enhance tracking capabilities, especially for long-haul commercial aircrafts. These services are expected to offer significant benefits for airline operators to get ready for ICAO 15 minutes flight tracking mandate without additional cost. For instance, in September 2015, Air Service Australia and Inmarsat plc announced evaluation of tracking aircrafts equipped with existing ADS-C technology. During the trial, all aircrafts offered 14 minutes position updates through ADS-C messaging service while operating in oceanic airspace.
High cost of data communications is one of the major restraints from airline companies to commence global flight tracking. Major communication providers are offering free proposal, in order to mitigate its impact over improving safety concerns to worldwide regulatory authorities. For instance, in May 2014, Inmarsat plc announced a proposal to IATA and ICAO to offer free basic flight tracking service to 80% of the wide body aircrafts flying in transoceanic airspace. The company has promised to provide free ADS-C position reports every 15 minutes for the aircrafts that are equipped with FANS.
Location of an airplane in distress (ADT – Autonomous Distress Tracking)
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.