According to the new research report published by The Insight Partners, titled “Automatic Dependent Surveillance – Broadcast Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type (On-Board and Ground Stations), Application [Terminal Manoeuvring Airspace (TMA) Surveillance and Airborne Surveillance], Component (Antenna, Receiver, Transponder, and ADS-B Ground Receivers), and Geography” the market was valued at US$ 815.92 million in 2019 and is projected to reach US$ 3,020.20 million by 2027; it is expected to grow at a CAGR of 18.3% during the forecast period. The report highlights key factors driving the market growth, and prominent players along with their developments in the market.

Aircraft use the ADS-B technique to broadcast information about their position and identity, along with other information obtained from onboard systems, such as Global Navigation Satellite System (GNSS). This technology is automatic and needs no external stimulus. The information is broadcasted to other aircraft flying in vicinity and to the ground station. With growing mandates for equipping aircraft with ADS-B technology, the adoption of on-board ADS-B among aircraft manufacturers is rising. The US, Europe, and a few countries in Asia have mandated ADS-B integration. The on-board type dominates automatic dependent surveillance-broadcast market, by type, owing to increase in aircraft manufacturing and retrofitting of the technology.

Companies such as Beechcraft and Cessna would equip their aircraft with ADS-B Out in compliance with European mandates. Nav Canada is a privately held corporation managing the country’s civil air navigation system. The company has given a list of aircraft is having certified ADS-B equipment onboard.

Get PDF Sample at @ https://www.theinsightpartners.com/sample/TIPAD00002135/

Amid the COVID-19 pandemic, the entire commercial aviation industry came to halt, with the availability of minimal resources. The measures taken by governments and airline companies to temporarily shut down their businesses have severely affected the entire aviation aftermarket, thereby adversely impacting the procurement of new ADS-B components. This factor has also reduced the demand for ADS-B component. As per the Aircraft Electronics Association (AEA) survey, the avionics work backlogs are ranging from 1–3 months to 3–6 months. The avionics manufacturers are constantly investing in new technologies, along with supporting dealer network that ensures delivery of ADS-B to required aircraft manufacturer. However, the number of new aircraft deliveries decreased in 2020, whereas the retrofit market is generating more than half of total sales of the aircraft. Furthermore, according to the National Business Aviation Association, the FAA announced January 01, 2020 as the deadline for the equipping ADS-B in all aircraft flying in their designated airspace, but in the shadow of pandemic all aircraft could not meet the deadline; the FAA recognized ~21,175 aircraft equipped with this technique since the mandate came into effect in January 2020. The installation of ADS-B in March 2020 was recorded as 3,600; in April 2020, it was 3,000; and in May 2020, it was noted as 3,100 installations.

Order a copy of this research study at- https://www.theinsightpartners.com/buy/TIPAD00002135/

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1–646–491–9876