Flight Tracking System Market Size, Trends and Growth Analysis by 2027

In 2018, the global market for flight tracking systems was valued at approximately US$ 342.0 million, with projections indicating a growth rate of 5.6% CAGR from 2019 to 2027, ultimately reaching around US$ 549.7 million by 2027.

The surge in demand for flight tracking systems is primarily driven by increased implementations within the commercial aviation sector worldwide. A notable rise in incidents where aircraft have gone off-radar has heightened the necessity for tracking system installations, thereby propelling the growth of the flight tracking system market.

The standard flight tracking SARPs (Standards and Recommended Practices) were established in late 2018, outlining the responsibilities of air operators regarding the tracking of their aircraft within their operational zones. Additionally, the SARP related to tracking aircraft in distress is expected to be enforced starting January 2021. These SARPs emphasize the need for automatic tracking of distressed flights, requiring position updates at least once per minute. Moreover, while the ICAO (International Civil Aviation Organization) integrated amendment 39 and annex 6 concerning standard aircraft tracking into their guidelines, these do not necessarily align with the airspace mandates enforced by civil aviation regulatory bodies. Such mandates are implemented solely by individual civil aviation authorities that hold regulatory power over their respective FIRs (Flight Information Regions). For instance, agencies like CASA (Civil Aviation Safety Authority) in Australia and the FAA (Federal Aviation Administration) in the United States are among those capable of enforcing these regulations. This regulatory framework is conducive to the expansion of the flight tracking system market.

The rapidly growing workforce in developing regions has led to an increase in disposable income and freight traffic. The United Nations has noted a significant rise in the middle class, particularly in countries like China and India. As the global economy continues to recover from past downturns, the demand for air travel is expected to fluctuate considerably. This increase in air travel demand has, in turn, stimulated the production of commercial aircraft, which has a direct positive effect on the flight tracking system market. Furthermore, the growing trade activities in regions such as South America, Asia, and Africa have significantly enhanced the need for improved connectivity. The IATA (International Air Transport Association) has projected the production of approximately 6,250 new jets, valued at around US$ 300 billion, to be delivered over the next two decades. This anticipated growth is expected to further drive the flight tracking system market.

The overall size of the flight tracking system market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative insights related to the flight tracking system market. This research also includes an overview and forecast for the global flight tracking system market, segmented by five key regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Additionally, primary interviews were conducted with industry stakeholders and experts to validate the data and analysis. Participants in this process typically include industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the flight tracking system sector. Notable players in the flight tracking system market include Honeywell International Inc., Aireon LLC, Rockwell Collins (a subsidiary of United Technologies Corporation), Garmin Ltd., Flyht Aerospace Solutions Ltd., Spider Tracks Limited, Skytrac Systems Ltd., and Blue Sky Network, among others.