The demand for flight tracking system is largely influenced by the rise in the deployments by the commercial sector across the globe. The rising number of incidences where planes have got off-radar have proliferated the demands for installations of tracking systems and drive the flight tracking system market.
The global flight tracking system market accounted for US$ 342.0Mn in 2018 and is expected to grow at a CAGR of 5.6% over the forecast period 2019-2027, to account for US$ 549.7 Mn by 2027.
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Some of the key players of Flight Tracking System Market:
Honeywell International Inc.,Aireon LLC,Rockwell Collins (United Technology Corporation),Garmin, Ltd.,Flyht Aerospace Solutions Ltd,Spider Tracks Limited,Skytrac Systems Ltd.,Blue Sky Network
The normal flight tracking SARPs were applicable in late 2018, these SARPs established the duties of an air operator in regards to the tracking of its aircraft across its zone of operation. Whereas the SARP associated with tracking of aircraft in distress is anticipated to be implied in January 2021. These SARPs focus on the requirements for automatically tracking the flight in distress with respect to its position updates once or more in a minute.
Furthermore, as the ICAO integrated the amendment 39 and annex 6 of normal aircraft tracking in their guidance, they aren’t inevitably the same in airspace mandate employed by a civil aviation regulatory agency. The mandate was implacable only by the individual civil aviation agencies having regulatory authority on their corresponding FIRs (Flight Information Regions), just as the CASA (Civil Aviation Safety Authority) in Australia and FAA in the United States are some of the agencies who can enact these mandates. Such mandates augur in the favor of growth of the flight tracking system market.
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