Aircraft Communication System Market Top Manufacturers Analysis, Size Report and Growth Forecast to 2027
The global ''aircraftcommunication systems'' market is likely to gain impetus from the introduction tovarious state-of-the-art technologies by renowned organizations. AirborneWireless Network (AWN), a provider of wireless communication services, forinstance, is developing a high-speed communication system for deliveringcost-effective wireless broadband to the aircraft. This information is putforward by Fortune Business Insights™ in a recently publishedreport, titled, “Aircraft Communication System Market Size, Share andGlobal Trend By Connectivity (SATCOM HF, VHF, UHF, and Data Link Communication)By System (Audio Integrating System, Communication Radios, Radio Tuning System,Cockpit Voice Recorder, and Static Dischargers) By Component (Antenna,Transponder, Receiver, Transmitter, Transceiver, Display & Processor, andOthers), By Platform (Fixed-Wing, Rotary-Wing), By Distribution Channel (OEM, Aftermarket)and Regional Forecast till 2026.” The report further mentions that theaircraft communication system market size was USD 915.5 million in2018 is projected to reach USD 1,688.0 million by 2026,exhibiting a CAGR of 7.95% during the forecast period.
Highlights of This Report
- Elaborate information about the aircraft communication system market trends, obstacles, and growth drivers.
- Detailed research on the companies operating in the market and the strategies adopted by them to surge sales.
- In-depth data regarding all the segments in the market.
- Information on the competitive landscape, including new product launches, collaborations, partnerships, investments, mergers and acquisitions.
COVID-19 Impact Analysis:
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Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
Fortune Business Insights™ presents a list of all theorganizations present in the aircraft communication system market. They are asfollows:
- Cobham Plc
- General Dynamics Corporation
- Thales Group
- Harris Corporation
- Honeywell International Inc.
- Iridium Communications Inc.
- L3 Technologies, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Systems Corporation
- Raytheon Company
- Rohde & Schwarz GmbH & Co KG
- United Technologies Company
- Viasat, Inc.
- Other prominent companies
Drivers & Restraints-
Increasing Number of Aircraft Deliveries to Propel Growth
The number of aircraft deliveries is upsurging day by day, which,in turn, is boosting the aircraft communication system market growth. AirbusS.A.S., for instance, announced that it is planning to deliver around 863commercial jets by the end of 2019. The high demand for aircraft is furtherpropelling the need for static dischargers, cockpit voice recorder, aircraftantenna, and audio integrating system.
Moreover, the ever-increasing demand for regional jets, commercialaviation, and military helicopters is likely to contribute to the market growthin the coming years. It would occur because of the rising need for aircraftantennas. These are also required for next-generation, innovative aircraftprograms. However, creating a strong communication system in the aircraftinvolves a lot of investments. It may hinder market growth.
Regional Analysis-
North America to Remain at Forefront Fueled by Rising Air Traffic
Geographically, the market is categorized into Asia Pacific,Europe, North America, and the rest of the world. Amongst these, North Americaheld USD 340.5 million in terms of aircraft communication system market revenuein 2018 and it would lead throughout the forecast period. It is likely to occurbecause of the rising demand for UAVs and high air traffic in the developedcountries, such as Canada and the U.S., respectively. Apart from these, thepresence of numerous renowned organizations, namely, Lockheed MartinCorporation, Harris Corporation, and Northrop Grumman Systems Corporation inthis region would spur growth.
Asia Pacific, on the other hand, is projected to grow at a fastpace in the near future on account of the increasing usage of 3D printedaircraft antennas and UAVs in China. Coupled with this, supportive aviationpolicy from the governments of several countries and rising number ofinvestments by private companies would skyrocket demand in this region.
Segment-
Communication Radios Segment to Lead Backed by their High Usage inAircraft
Based on system, the market is grouped into static dischargers,cockpit voice recorder, radio tuning system, communication radios, and audiointegrating systems. Out of these, the communication radios segment isanticipated to generate the largest aircraft communication (ACARS) market sharein the coming years. This growth is attributable to the extensive utilizationof communication radio in business jets, military aircraft, and commercialaircraft. The audio integrating system segment is set to showcase considerablegrowth stoked by their usage in integrating audio from cockpit services.
Aircraft Communication System Market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth
Browse Complete Summary of research: https://www.fortunebusinessinsights.com/aircraft-communication-system-market-102541
Competitive Landscape-
Key Players Focus on Signing Contracts to Gain Competitive Edge
The market is highly fragmented and hence, is competitive. Theyare signing agreements or contracts with other reputed enterprises to offerthem unique products. Some of the companies are also striving to gain approvalsfrom the government bodies for their products. Below are a couple of the latestvital industry developments:
- January 2019: Boeing and Cobham recently signed an agreement for the certification of the latter’s AVIATOR 200S system present in Boeing 737 MAX and 777X airplanes. AVIATOR provides a robust, lighter, and smaller sitcom solution to airlines.
- October 2019: Viasat Inc., a communications company headquartered in the U.S., bagged approval for its business aviation Ka-band in-flight connectivity (IFC) system for the Gulfstream G280™ airframe. It was approved by the Federal Aviation Administration.
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