Aircraft Communication System Market Research by Business Opportunities, Top Manufacture, Industry Growth, Industry Share Report, Size, Regional Analysis and Global Forecast to 2026 | Fortune Business Insights
Theglobal ''aircraftcommunication systems market'' is likely to gain impetus from theintroduction to various state-of-the-art technologies by renownedorganizations. Airborne Wireless Network (AWN), a provider of wirelesscommunication services, for instance, is developing a high-speed communicationsystem for delivering cost-effective wireless broadband to the aircraft. Thisinformation is put forward by FortuneBusiness Insights™ in a recently published report, titled,“Aircraft CommunicationSystem Market Size, Share and Global 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 StaticDischargers) By Component (Antenna, Transponder, Receiver, Transmitter,Transceiver, Display & Processor, and Others), By Platform (Fixed-Wing,Rotary-Wing), By Distribution Channel (OEM, Aftermarket) and Regional Forecasttill 2026.” The report further mentions that the aircraftcommunication system market size was USD 915.5 million in 2018 isprojected to reach USD1,688.0 million by 2026, exhibiting a CAGR of 7.95% duringthe 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:
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral companies can help in the fight against this highly contagious disease.There are some industries that are struggling and some are thriving. Overall,almost every sector is anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of coronavirus outbreak across industries to help you preparefor the future.
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
Thenumber of aircraft deliveries is upsurging day by day, which, in turn, isboosting the aircraft communication system market growth. Airbus S.A.S., forinstance, announced that it is planning to deliver around 863 commercial jetsby the end of 2019. The high demand for aircraft is further propelling the needfor static dischargers, cockpit voice recorder, aircraft antenna, and audiointegrating system.
Moreover,the ever-increasing demand for regional jets, commercial aviation, and militaryhelicopters is likely to contribute to the market growth in the coming years.It would occur because of the rising need for aircraft antennas. These are alsorequired for next-generation, innovative aircraft programs. However, creating astrong communication system in the aircraft involves a lot of investments. Itmay 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 therest of the world. Amongst these, North America held USD 340.5 million in termsof aircraft communication system market revenue in 2018 and it would leadthroughout the forecast period. It is likely to occur because of the risingdemand for UAVs and high air traffic in the developed countries, such as Canadaand the U.S., respectively. Apart from these, the presence of numerous renownedorganizations, namely, Lockheed Martin Corporation, Harris Corporation, andNorthrop Grumman Systems Corporation in this region would spur growth.
AsiaPacific, on the other hand, is projected to grow at a fast pace in the nearfuture on account of the increasing usage of 3D printed aircraft antennas andUAVs in China. Coupled with this, supportive aviation policy from thegovernments of several countries and rising number of investments by privatecompanies would skyrocket demand in this region.
Segment-
Communication Radios Segment to Lead Backed by their High Usage inAircraft
Basedon system, the market is grouped into static dischargers, cockpit voicerecorder, radio tuning system, communication radios, and audio integratingsystems. Out of these, the communication radios segment is anticipated togenerate the largest aircraft communication (ACARS) market share in the comingyears. This growth is attributable to the extensive utilization ofcommunication 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
Themarket is highly fragmented and hence, is competitive. They are signingagreements or contracts with other reputed enterprises to offer them uniqueproducts. Some of the companies are also striving to gain approvals from thegovernment bodies for their products.
Below are a couple of the latest vital 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.
About Us:
FortuneBusiness Insights™ delivers accurate data and innovative corporate analysis,helping organizations of all sizes make appropriate decisions. We tailor novelsolutions for our clients, assisting them to address various challengesdistinct to their businesses. Our aim is to empower them with holistic marketintelligence, providing a granular overview of the market they are operating in.
Contact Us:
FortuneBusiness Insights™ Pvt. Ltd.
308,Supreme Headquarters,
Survey No.36, Baner,
Pune-BangaloreHighway,
Pune -411045, Maharashtra, India.
Phone:
US :+1 424253 0390
UK : +442071 939123
APAC : +91744 740 1245
Email:sales@fortunebusinessinsights.com
Connect usvia Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
