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  • Flight Tracking System Market Segmentation by Product Types and Application with Forecast to 2027

     



    (Aviation-NewsWire.Com, May 03, 2019 ) The global flight tracking system market accounted to US$ 342.0 Mn in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 - 2027, to account to US$ 549.7 Mn by 2027.

    On the rare occasions when accidents occur, rescuing survivors has the highest priority, followed by the recovery of casualties, the wreckage and the flight recorders. Analysis of data from these recorders is very important in supporting accident investigation which may, through identification of the cause of the accident, contribute towards enhancing safety. To achieve this intent, an effective and globally consistent approach to improving the alerting of search and rescue services is essential.

    New Intelligence Report on “Flight Tracking System Market to 2027” is recently published by The Insight Partners. The report aims to provide leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years

    Get Sample Copy of This Report: https://www.theinsightpartners.com/sample/TIPTE00002710/?SNJ

    Some of the key players included in the flight system tracking market are Honeywell International Inc., Aireon LLC, Rockwell Collins, Garmin International Inc., Flyht Aerospace Solutions Ltd., Spider Tracks Limited, Sky Trac Systems Ltd., and Blue Sky Network, among others.

    Key Benefits:
    To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Flight Tracking System Market
    To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

    An exclusive Flight Tracking System Market research report created through broad primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global Flight Tracking System Market By Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Flight Tracking System Market. Additionally, the report also highlights market entry strategies for various companies across the globe.

    The global market for flight tracking system is segmented on the basis of system and end-use, and geography. Based on system, ADS-B segment dominates the flight tracking system market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027. On the basis of end-use, commercial segment is expected to witness a significant growth rate in the coming years, however, military is projected to be the fastest growing segment.

    The global aerospace and defense industry in 2018 had recuperated and experienced a noteworthy year in terms of strengthening passenger travel demand, and rising worldwide military expenditures. For the coming years the industry is expected to continue to experience the growth trajectory led by commercial aerospace production and robust defense spending. For the commercial sector the all-time high aircraft order backlog owing to the increasing demand for fuel efficient, and next generation aircrafts is anticipate to rise with surge in oil prices. With the aircraft backlog at its peak, manufacturers are expected to ramp up production rates, hence, driving growth in the sector. However, manufacturers could experience supply chain interruptions as some suppliers may struggle to increase production to keep up with the growing backlog. In the defense sector, heightened global tensions and geopolitical risks, recovery in the US defense budget, and higher defense spending by other major regional powers such as China, India, and Japan are expected to drive global defense sector growth in 2019 and beyond.

    Don’t miss out on business opportunities in Flight Tracking System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

    Flight Tracking System Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2019 – 2027, considering 2019 as the base year and 2019 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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

    Global Flight Tracking System Market - By System

    Automatic Dependent Surveillance - Broadcast (ADS-B)
    Future Air Navigation System (FANS)
    Aircraft Communications Addressing and Reporting System (ACARS)
    Portable Flight Tracking System (PFTS)

    Global Flight Tracking System Market - By End-User

    Commercial
    Military

    Global Flight Tracking System Market - By Geography

    North America
    U.S.
    Canada
    Mexico

    Europe
    France
    Germany
    Italy
    Spain
    UK
    Rest of Europe

    Asia Pacific (APAC)
    Australia
    China
    India
    Japan
    Rest of Asia-Pacific

    Middle East & Africa (MEA)
    South Africa
    Saudi Arabia
    UAE
    Rest of MEA

    South America (SAM)
    Brazil
    Rest of SAM

    The Insight Partners

    Sameer Joshi

    +1-646-491-9876

    sam@theinsightpartners.com

    Source: EmailWire.Com

    Source: EmailWire.com

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