The Flight Tracking System Market Estimated to reach US$ 549.7 Mn by 2027 from US$ 342.0 Mn in 2018

In the year 2014, after the case of the flight MH17 of Malaysian airlines, the concerns for enhancing the flight tracking system in commercial flight and management of air traffic system became extensively critical. This had led to reinvention of various regulations and emergence of various new initiatives by the global aviation agencies. The UN specialized agency ICAO had created the GADSS (Global Aeronautical Distress Safety System) the comprised of standards and Recommendation Practices (SARP), which described the expectation of airlines and aircraft operators with respect to aircraft tracking in normal conditions and also when the aircrafts are in distress. Several civil aviation regulatory bodies across the world, which includes Europe, China, Singapore and Malaysia are already issued with mandates and have published the policy guidance documents for registered operators in their specific airspaces. For instance, in October 2018, the DGCA (Director General of Civil Aviation) had published a novel operations circular that explained the requirements for operators as per the ICAO guidelines

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The flight tracking system market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. Demographically, the commercial aircrafts in Asian provinces are the early adopters of flight tracking systems, accrediting majority interest on business flights and having better experience of travel. Furthermore, as more number of aircraft fleets inhibit the system, the passenger's expectations is also expected to skyrocket. For the coming years the demand for flight tracking system is anticipated to be robust, and will highly impact the choice of airlines. This trend is particularly to be witnessed in China, where majority of the flight services would continue to expand to further regions and nations resulting in increased demand of flight tracking systems. Geographically, North America will have the largest share in the flight tracking system market by 2027, later followed by Europe and Asia Pacific region, owing to rapid technological developments, numerous investments and supportive Government policies in the western part of the world.

The major players operating in the market for flight tracking system market include Honeywell International Inc., Aireon LLC, Rockwell Collins (United Technology Corporation), Garmin, Ltd., Flyht Aerospace Solutions Ltd., Spider Tracks Limited, Skytrac Systems Ltd., and Blue Sky Network.

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The report segments the global flight tracking system market as follows:

Global Flight Tracking System Market - By System
• ADS-B
• FANS
• ACARS
• PFTS

Global Flight Tracking System Market - By End-Use
• Commercial
• Military

Global Flight Tracking System Market - By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o Spain
o UK
o Rest of Europe
• Asia Pacific (APAC)
o Australia
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Rest of MEA
• South America (SAM)
o Brazil
o Rest of MEA

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