The global automatic dependent surveillance-broadcast market was valued at USD 847.9 million in 2020. It is expected to grow from USD 901.7 million in 2021 to USD 2,877.5 million by 2028, reflecting a compound annual growth rate (CAGR) of 18.03% during the forecast period from 2021 to 2028. In 2020, North America held the largest share of the ADS-B market, accounting for 34.85%.
The Automatic Dependent Surveillance-Broadcast (ADS-B) market is experiencing significant growth due to increasing global air traffic, stringent aviation safety regulations, and the need for enhanced surveillance technologies. ADS-B is a key component in modern air traffic management systems, providing real-time aircraft position data to both air traffic controllers and nearby aircraft, improving flight safety and operational efficiency. The growing adoption of ADS-B technology is driven by the shift towards satellite-based surveillance systems, replacing traditional radar-based systems. Mandates from aviation regulatory bodies, such as the FAA and EASA, for ADS-B implementation in commercial and general aviation further boost market demand. Additionally, advancements in avionics, increasing aircraft deliveries, and the growing emphasis on reducing flight delays and improving situational awareness are contributing to the market's expansion. North America, due to its early adoption and regulatory push, holds a significant share, with other regions rapidly catching up.
Key Players: Automatic Dependent Surveillance-Broadcast market
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Segmentation: Automatic Dependent Surveillance-Broadcast market
The Automatic Dependent Surveillance-Broadcast (ADS-B) market is segmented based on component, platform, application, and region.