Aircraft Communication Systems Market Demand And Growth Analysis 2022-28

According to Precision Business Insights (PBI), latest report, the global aircraft communication systems market is expected to be valued at USD 8,946.7 million in 2021 and is expected to grow at a CAGR of 9.5% from 2022-2028. The primary drivers of the expansion of the global aircraft communication systems market include the increasing adoption of novel technologies and transformation of devices in smarter ways, further increasing demand for travelling and others.

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SATCOM To Dominate the Aircraft Communication System Market:
SATCOM is likely to cross the aircraft communication system market, which is resulting in benefits such as efficiency in air traffic management and superior communication. Further, its extensive usage in military aircrafts will strengthen the product penetration due to their increasing orders. The fuelling demand of military aircrafts due to rising defence budgets across the nations, will further increase the aircraft communication system market growth. Due to their widespread application in numerous businesses for earth observation services, small satellites are becoming increasingly popular. Additionally, the numerous uses of tiny satellites in the oil and gas, energy, agriculture, and defence sectors will support the expansion of the market as a whole. SATCOM is being utilised more frequently to collect operational data, which will then be used to increase effectiveness and find sustainable solutions. As a result, the market for satellite communications will gain globally.

North America Aircraft Communication System Market:
North America is expected to increase in the global aircraft communication systems market over the forecast period. It is projected to grow at a significant CAGR in the coming years. North America is expanding in the global aircraft communication systems market as a result of the increasing aircraft communication devices manufacturing companies, and other. Asia-pacific is expected to bring up a significant growth rate in coming years.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global aircraft communication systems market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In January 2020, Honeywell introduces the next generation of its Cabin Pressure Control and Monitoring System with applications in both commercial and military aircraft.

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The Aircraft Communication Systems Market is segmented based on components, system type, aircraft type, connectivity, end-user, and Geography.
Based On The Components:
• Antenna
• Transponder
• Receiver
• Transmitter
• Transceiver
• Display & Processor
• Others

Based On the System Type:
• Audio Integration Systems
• Communication Radios
• Radio Tuning Systems
• Cockpit Voice Recorder
• Static Discharger
• Others

Based on the Connectivity:
• SATCOM
• VHF
• UHF
• L-Band
• HF
• Data Link
• Others

Based on aircraft type:
• Commercial Aircrafts
• Military Aircrafts
• Others

Based on End User:
• OEM's
• Aftermarket
• Others

Based On Geography:
• North America
• Europe
• Asia-Pacific
• Middle East and Asia
• Latin America

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Key players' profiles in the aircraft communication system market report are L3 technologies, Harris corporation, Thales group, Cobham Plc, Lockheed Martin, Raytheon Company, General Dynamics Corporation, United Technologies Company, Viasat, Inc, Iridium Communications Inc, Honeywell International Inc, Rohde & Schwarz Gmbh & Co KG.

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