Aircraft Communication System Market Top Manufacturers Analysis, Size Report and Growth Forecast to 2027
The global aircraft communication
system industry is likely to gain impetus from the introduction to various
state-of-the-art technologies by renowned organizations. Airborne Wireless
Network (AWN), a provider of wireless communication services, for instance, is
developing a high-speed communication system for delivering cost-effective
wireless broadband to the aircraft. This information is put forward by Fortune
Business Insights™ in a recently published report, titled, “Aircraft Communication System 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 Static
Dischargers) By Component (Antenna, Transponder, Receiver, Transmitter,
Transceiver, Display & Processor, and Others), By Platform (Fixed-Wing,
Rotary-Wing), By Distribution Channel (OEM, Aftermarket) and Regional Forecast
till 2026.” The report further
mentions that the aircraft communication system market size was USD
915.5 million in 2018 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.
Fortune Business
Insights™ presents a list of all the organizations present in the aircraft
communication system market. They are as follows:
- 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
COVID-19 Impact
Analysis:
The emergence of COVID-19 has brought
the world to a standstill. We understand that this health crisis has brought an
unprecedented impact on businesses across industries. However, this too shall
pass. Rising support from governments and several 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.
We are taking continuous efforts to
help your business sustain and grow during COVID-19 pandemics. Based on our
experience and expertise, we will offer you an impact analysis of coronavirus
outbreak across industries to help you prepare for the future.
Study Period:
2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
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. Airbus S.A.S., for instance, announced that it is
planning to deliver around 863 commercial jets by the end of 2019. The high
demand for aircraft is further propelling the need for static dischargers,
cockpit voice recorder, aircraft antenna, and audio integrating system.
Moreover, the ever-increasing demand
for regional jets, commercial aviation, and military helicopters 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 also required for
next-generation, innovative aircraft programs. However, creating a strong
communication system in the aircraft involves 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 America held USD 340.5 million in terms of aircraft
communication system market revenue in 2018 and it would lead throughout the
forecast period. It is likely to occur because of the rising demand for UAVs
and high air traffic in the developed countries, such as Canada and the U.S.,
respectively. Apart from these, the presence of numerous renowned
organizations, namely, Lockheed Martin Corporation, Harris Corporation, and
Northrop Grumman Systems Corporation in this region would spur growth.
Asia Pacific, on the other hand, is
projected to grow at a fast pace in the near future on account of the
increasing usage of 3D printed aircraft antennas and UAVs in China. Coupled
with this, supportive aviation policy from the governments of several countries
and rising number of investments by private companies would skyrocket demand in
this region.
Segment-
Communication Radios
Segment to Lead Backed by their High Usage in Aircraft
Based on system, the market is grouped
into static dischargers, cockpit voice recorder, radio tuning system,
communication radios, and audio integrating systems. Out of these, the
communication radios segment is anticipated to generate the largest aircraft
communication (ACARS) market share in the coming years. This growth is
attributable to the extensive utilization of communication radio in business
jets, military aircraft, and commercial aircraft. The audio integrating system
segment is set to showcase considerable growth 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. They are signing agreements or contracts with other
reputed enterprises to offer them unique products. Some of the companies are
also striving to gain approvals from the government 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.
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