At 18 3% CAGR, Automatic Dependent Surveillance-Broadcast Market is Growing with $3020 20 Million of Industry Revenue by 2027 sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
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According to this report the global automatic dependent surveillance-broadcast market was valued at US$ 815.92 million in 2019 and is projected to reach US$ 3,020.20 million by 2027; it is expected to grow at a CAGR of 18.3% during the forecast period. The report highlights key factors driving the market growth, and prominent players along with their developments in the market.
Aircraft use the ADS-B technique to broadcast information about their position and identity, along with other information obtained from onboard systems, such as Global Navigation Satellite System (GNSS). This technology is automatic and needs no external stimulus. The information is broadcasted to other aircraft flying in vicinity and to the ground station. With growing mandates for equipping aircraft with ADS-B technology, the adoption of on-board ADS-B among aircraft manufacturers is rising. The US, Europe, and a few countries in As