Flight Tracking System Market

Flight Tracking System Market Outlook (2023 to 2033)

The global flight tracking system market is expected to grow at a CAGR of 5.5% during the forecast period. The market is valued at US$ 456.6 million as of 2023. By 2032, the market is expected to reach a valuation of US$ 780.0 million.

Drivers for Flight Tracking System Market

Ease of operation

These systems work coherently with certain flight-tracking software. The application of this software ensures that the technical team can easily track the location, latitude, and longitude. It might drive the flight tracking system market going forward.

Precise detection of latitude and longitude

It is important to keep track of the latitude and longitude dimensions to ensure that the flight operates at the optimum height within the troposphere, and it is only in this sphere that the flights can receive signals and avoid any potential collision with a flock of birds, which can lead to operations getting halted. It is also expected to increase the sales of flight tracking systems during the forecast period.

Drastically reducing accidents

The flight tracking system drastically reduces accidents. If an emergency arises out of nowhere, the flight tracking system will proactively handle the entire situation.

The Automated Watch Mode will send an instant alert to the operations team, and it is only through the application of a flight tracking system that the cross-channel platform will allow the pilot to maintain the extremely crucial link with the cockpit. The demand for flight tracking systems is expected to increase during the forecast period.

Low human interference

The biggest advantage of employing flight tracking systems is that they work entirely based on the latest technology and automation. It reduces manual workload and human interference, especially those associated with the cockpit, and gives a lot of leeways, especially to pilots and operators.

The need to make regular audio calls is eliminated. It is also expected to increase the sales of flight tracking systems during the forecast period.

Real-time tracking

Additionally, a real-time display would certainly give aviation cos an idea about the location of their fleet on air. Additionally, the ability to communicate with the pilot if the pilot experiences any technical issue makes the business a star instead of merely being a cash cow or a question mark. Investors find using these systems exciting, which is expected to increase the demand for flight-tracking systems during the forecast period.

High ROI for the investors

For investors, business means profit. And that is what the flight tracking system is there to offer. The enhanced capabilities offered by the flight tracking systems help in better utilization of resources, which means the requisite manpower and decreased fuel consumption. It is expected to improve the prospects of the flight tracking system market.

Most importantly, as mentioned earlier, along with the enhanced capabilities, it can work with the pilot. It is well expected to increase the sales of flight tracking systems during the forecast period.

Customizable

Aviation companies can also customize the flight tracking system based on their requirement. While some systems provide basic functionalities like general usage of commercial aviation, these can be upgraded, offering enhanced functionalities like two-way voice communication and Flight Data Monitoring (FDM). The ability to be customized is expected to increase the demand for flight tracking systems during the forecast period.

Restraints for the Flight Tracking System Market

High installation cost and immobility

One of the major restraints for the flight tracking system market is its high installation cost. The cost increases when the companies install the most advanced version.

Additionally, in most cases, it is impossible to carry these flight tracking systems from one place to another. The mobile versions do exist, but they are very limited in number. It might hamper the sales of flight tracking systems during the forecast period.

Apart from the installation cost, other costs like servicing, repairing, and certification are also quite high. The combined costs make the flight tracking system highly expensive, and only huge players can afford to implement them for operations. It might challenge the growth of the flight-tracking system market.

Possibility of technical issues

There are chances of certain technical glitches even though they are technologically advanced. It specifically happens when the flights are flying over oceans. Because of this, the recovery of the data becomes very difficult. It as well might restrict the growth of the flight-tracking system market.

Opportunities for the Flight Tracking System Market

Increasing investment in the civil aviation

Regulatory bodies across the world are investing heavily in the aviation sector. An increasing number of passengers and consignments continuously has led to this move. It is expected to increase the sales of the flight tracking system rather speedily.

Recently, Chinese civil aviation announced that it had completed an investment of US$ 5 billion from January 2022 to May 2022. A considerable amount of this was spent exclusively on-air traffic control-related activities. It is expected to surge the flight tracking system market in the future.

However, the nation continues to attract huge foreign investments if we talk about India. An FDI of nearly 49% is allowed through the direct route. Additionally, while formulating the investment plan, the government had mentioned that during the period 2018 to 2023, the government would invest nearly US$ 6 billion.

Additionally, to compensate for the losses during the pandemic, the centre announced in November 2021 that it would invest close to Rs 90000 crores. All these point toward the fact that the flight tracking system market might grow rapidly during the forecast period.

Unavailability of suitable alternative

The aviation sector has no alternative to the flight tracking system. In a way, it makes the flight tracking system market monopolistic. The reason being huge benefits being offered. Their quality can be viewed by the fact that these have complied with the ATTF standards.

Nikhil Kaitwade

Principal Consultant

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The Global Market Historic and Forecast Data Analyzes

The global market secured a valuation of US$ 356.1 million in 2018 and US$ 434.5 million in 2022, with a CAGR of 5.1% between 2018 and 2022.

In March 2022, the DGCA announced that it had put Boeing 737 fleets on high surveillance after China Eastern Airlines, which is of the same make, crashed with more than a hundred people onboard.

Many experts believe that this might have been because of the employment of outdated systems or not investing much in the maintenance of the tracking systems. It is something that caught the attention of not only DGCA but the aviation authorities operating in other nations as well. It might surge the sales of the flight tracking system.

Air travel and travel booking services have become a common phenomenon in the current times. Because of the airway companies' scaling up of their operations, even the airfares have come down. Consequently, the number of passengers travelling on flights has gone up.

A growing number of passengers would increase the number of fights as well. Based on the data available from Statista, the number of flights that were plying in 2019 was 38.9 million worldwide, and in 2020, before covid-19 was declared a global pandemic, it increased to 40.3 million.

With life returning to normalcy, the aviation industry is highly optimistic about prospects. Thus, the increasing number of passengers adopting the usage of aeroplanes is expected to increase the demand for flight tracking systems.

One of the bigger upsets in the global aviation industry was way back in 2014 when Malaysian Airlines Flight 370s ACARS stopped transmitting signals to the air-traffic control and signalled switch-off whenever the traffic control tried reaching back to them. It sent chills down my spine, and safety suddenly became more important. It has forced the stakeholders to go back to the drawing room and emphasise the technical aspects of the business.

Segmentation Insights for Flight Tracking System Market

The ADS-B System is expected to Have the Larger Market Share in the Global Market.

The ADS-B system is expected to have a higher market share of 57.2% during the forecast period. With an increasing number of passengers, ATC and monitoring have become extremely crucial. It is in this specific area that the ADS-B systems are extremely helpful.

Moreover, ADS-B provides effective surveillance in fringe areas. It has become an important aspect, especially after the Malaysian Airlines incident. Furthermore, even the regulatory authorities are endorsing the application of ADS-B for its real-time flight-tracking capability.

Civil Aviation is expected to be the Larger End Use Segment in the Global Market during the Forecast Period.

The civil aviation segment is expected to be the larger segment in the flight tracking system market. The reason is a speedy increase in passenger travel via air. Additionally, passenger safety remains the prime focus of the governing bodies.

However, if we talk about general aviation, there is a requirement to an extent, as the market is not growing at the same rate as compared to civil aviation. In the case of military aircraft, these are not employed, as there is a risk of a data breach in using the flight tracking system.

Country-wise Insights

Country-wise Market Value Share:

Country-wise Market CAGR:

Performance of the North America Market

North America is currently a significant nation in the global market. The reason is the existence of technologies that are not currently prevalent in other regions. Secondly, the region is also home to some of the key players, and there is a huge presence in the automation industry in the region.

However, Asia Pacific is expected to be a fast-growing market, and as per the FMI analysts, the Asia Pacific region might even overtake North America during the forecast period. The reason is a rapidly growing population, increasing disposable income making flight travel affordable, and many investments in the aviation sector.

Start-up Ecosystem in the Global Market

With the aviation markets returning to normalcy after the last two years of the pandemic, a lot of kinetic is seen. Not only the passengers but the players in the flight tracking system market are ramping up the technology. This orientation towards upgrading technology has seen an uprising of many start-ups in the global market.

Some of the start-ups worth mentioning are as follows:

FlightAware: FlightAware is one of the world’s biggest start-ups involved in the data platform. FlightAware has global connectivity to all aviation segments and provides global flight-tracking solutions, predictive technology, analytics, and decision-making tools to over 10,000 aircraft carriers and service providers. It also serves over 13,00,000 passengers with the services mentioned above.

Furthermore, FlightAware’s Hyperfeed engine integrates thousands of real-time, global data sources with its proprietary AI models and algorithms. Consolidating these data with its powerful and reliable web-based interfaces and APIs, FlightAware ensures it provides one of the world's best flight tracking and digital aviation platforms.

Flightradar24: Flightradar24 provides real-time information about thousands of aircraft globally. It tracks around 180,000+ flights from 1200+ airlines commuting to or from 4,000+ airports globally. Their services are available online and on iOS or Android devices.

The Flight Tracker Pro: This product is meant for those who hate ads. One can use this app to track flights, view arrival and departure information, and other details such as aircraft information and seat maps.

During travels, the product automatically syncs with the Triplt account making it an apt choice for business travellers. The details can be saved and can also be shared through social media outlets and other text outlets.

Competitive Landscape in the Global Market

With innovation in technological platforms and pent-up demand for travellers after the past couple of years that saw the pandemic, the aviation industry is rapidly seeing a lot of traction in terms of services and technological facets. On this account, the aviation industry is seeing an advancement of many technological platforms, one of which is the flight tracking system.

The flight tracking system ensures hassle-free experiences for travellers by avoiding them from standing in large queues in the airport and detailing all the recent flight updates apart from many of the other features this platform offers.

Some of the recent happening in the global market are as follows:

• In July 2022, Garmin introduced new features in its latest product, Garmin Pilot. Garmin Pilot has included a graphical layout for its aircraft that shows passenger seating, cargo and fuel station information.
• In July 2022, Sabre appointed Garry Wiseman as its Chief Product officer. In the same month, Sabre also announced the retirement of its Chief Financial officer, Doug Barnett.

Important players in the global market and their market movements

Lufthansa Systems is one of the leading IT providers in the airline industry. Having operations worldwide, Lufthansa has always championed the cause of local community development.

Digitization, IT, and Big data are the pillars on which Lufthansa systems operate. Lufthansa Systems has also developed its own start-up ‘ZeroG’, which works on unlocking the true power of data to improve the world of aviation.

The company is actively working on a ‘Digital Future for Everyone’. The project supports financially challenged people to join the German labour market. The project is expected to occur at different events, where the course participants would learn about their potential employers. Thus, digital talents are expected to make active participation in this event.

On 23rd June’22, Korean Airlines Decided to Implement Lufthansa System’s Netline Solutions for schedule management.

Honeywell International is another giant in the global market. They have been into building fuel-efficient aircraft and have always worked for safer skies and airports. Their spare parts are in almost every commercial, defence, and space aircraft.

They have also been one of the best players in automation control and understand complex industrial facilities. They have also been into creating high-quality and high-performance chemicals and materials.

On 2nd November’21, Honeywell mentioned that it had developed a commercially viable method to convert low-grade plastic waste into oil that could convert feed into the refinery.

Airbus is one of the few companies that has transformed the face of the aviation sector. It is safe to call Airbus the global leader in commercial aircraft, helicopters, defence, and space sectors.

Airbus currently employs around 125,000 worldwide and has Europe's largest aeronautics and space company.

On 13th September’22, Airbus announced that its Eurostar Neo satellite was ready to be shipped to Cape Canaveral for launch preparations.

Key Players in the Global Market

• Airbus SAS (NAVBLUE)
• ACR Electronics Inc.
• Aireon
• AirNav Systems LLC
• Blue Sky Network
• FLYHT Aerospace Solutions Ltd.
• Garmin Ltd.
• Honeywell International Inc.
• Raytheon Technologies Corporation
• SITA
• IBM Corporation
• Spider Tracks Limited
• Sabre
• Lufthansa Systems

Scope of Report

Flight Tracking System Market by Category

By System:

• ADS-B
• FANS
• PFTS

By End Use:

• General Aviation
• Civil Aviation
• Military Aircraft

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa