Flight tracking market is anticipated to grow at a moderate CAGR during the forecast period. The major factor for the growth of the market is the increasing number of aircraft in recent years globally and the increasing focus on flight safety and monitoring of aircraft. These factors will fuel the growth of the market during the forecast period.
The flight-tracking system uses software for various applications such as tracking the aircraft, flights and airport activities. This software is available for commercial as well as private flights where it can track and monitor the flight, in case the flight deviates from its path and correction is necessary. One of the major factors for the growth of the market is the increasing number of middle-class air passengers.
According to the report by Boeing, in 2021, India alone would need 2,200 jet planes to meet the need of growing passengers. With increasing disposable income and business activity, the market is expected to grow significantly during the forecast period. Some of the key players in the global flight tracking market include Airbus SAS, ACR Electronics, Inc., Aireon, Garmin Ltd., Honeywell International, Inc., IBM Corporation, and many others.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Aircraft Type
- By End-User
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – Airbus SAS, ACR Electronics, Inc., Aireon, Garmin Ltd., Honeywell International, Inc., IBM Corp.
Flight Tracking System Market by Segments
By Type
- ADS-B
- ACARS
- FANS
By Aircraft Type
- Fixed-Wing
- Rotary-Wing
By End-User
- Commercial
- Government
- Military
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Flight Tracking System Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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