Aircraft Communication System Market 2018 Key Players are Honeywell Aerospace, UTC Aerospace Systems, Cobham, Harris Corporation, Lockheed Martin, Iridium Communications, L3 Technologies, Raytheon, General Dynamics, Thales, Northrop Grumman, Viasat

Market Overview:-

Global Aircraft Communication System Market is predicted to cross USD 1.3 billion by 2024. Rising adoption of advanced technologies along with proliferating aviation sector is primarily driving the industry. Various emerging nations are experiencing an increase in air passenger traffic due to affordable prices. This has led to increase in airplane deliveries from multiple manufacturers further boosting the industry growth rate.

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SATCOM is projected to dominate the aircraft communication system market share with over 35% over the forecast time span owing to benefits offered such as superior communication and efficient air traffic management. Moreover, high usage in military aircrafts will improve the product penetration due to rising orders. HF communication systems will pose a CAGR of 7.5% between 2017 and 2024 owing to continuous product innovations.

Top Key Players:-     

The key players of global Aircraft Communication System Market are Cobham Plc, Harris Corporation, UTC Aerospace Systems, Lockheed Martin, Iridium Communications Inc., L3 Technologies, Raytheon, General Dynamics, Thales, Northrop Grumman Corporation, Viasat Inc., and Honeywell Aerospace.

Regional Segmentations:-

North America is forecasted to hold more than 35% of the aircraft communication system market revenue share by 2024 owing to presence of established industry participants. Increasing defense expenditure is further contributing in the regional dominance.

Asia Pacific is predicted to exhibit approximately 6% CAGR during the study period. Rising airplane deliveries has resulted in high product demand, supporting the regional growth.

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Major Points of Table Of Content:-

3   Aircraft Communication System Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2013- 2024

3.3    Industry ecosystem analysis

3.3.1    Component providers

3.3.2    Manufacturers

3.3.3    Profit margin trends

3.3.4    Distribution channel analysis

3.3.5    Application

3.3.6    Vendor matrix

3.4    Pricing analysis

3.4.1    By region

3.4.1.1    North America

3.4.1.2    EU

3.4.1.3    APAC

3.4.1.4    LATAM

3.4.1.5    MEA

3.4.2    Cost structure analysis, 2016

3.5    Technology landscape

3.5.1    Controller pilot data link communication (CPDLC)

3.5.2    Seamless Aeronautical Networking through Integration of Data Links Radio and Antennas (SANDRA)

3.6    Regulatory landscape

3.6.1    North America

3.6.1.1    Federal Aviation Administration, DOT – published by U.S. GPO

3.6.1.2    Canadian Aviation Regulations (SOR/96-433) - Government of Canada

3.6.2    Europe

3.6.2.1    Commission Regulation (EU) No 965/2012 – published Official Journal of the European Union

3.6.2.2    COMMISSION REGULATION (EC) No 29/2009 – European Union

3.6.3    APAC

3.6.3.1    Civil Aviation Order 20.91 (Instructions and directions for performance?based navigation) Instrument 2014 – Australia

3.6.3.2    CIVIL AVIATION REQUIREMENTS (CAR) SECTION 9 – AIR SPACE AND AIR TRAFFIC MANAGEMENT SERIES 'D' PART VI ISSUE III, 27TH JULY 2015 – Directorate General of Civil Aviation – India

3.6.4    LATAM

3.6.4.1    REPUBLIC OF CHILE - SPECIAL REQUIREMENTS - DIRECCION GENERAL DE AERONAUTICA CIVIL (DGAC.) - Federal Aviation Administration (FAA)

3.6.5    MEA

3.6.5.1    GACA REGULATION - Section 2 - Rules of the Air - Kingdom of Saudi Arabia - General Authority of Civil Aviation (GACA)

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    Expansion in North American defense industry along with rising demand for advanced fighter jets

3.7.1.2    Rapid adoption of advanced aircraft communication technologies in Europe

3.7.1.3    Rising number of aircraft deliveries in Asia Pacific

3.7.1.4    Sound growth potential for aviation industry

3.7.1.5    Rising demand for business jets along with growth in tourism industry in MEA

3.7.2    Industry pitfalls & challenges

3.7.2.1    Radio frequency issues for civil aviation industry

3.8    Innovation & sustainability

3.9    Growth potential analysis

3.10    Porter’s analysis

3.11    Competitive landscape, 2016

3.11.1    Market share analysis

3.11.2    Strategy dashboard

3.12    PESTLE analysis

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Increasing defense expenditure of multiple nations is one of the several factors positively affecting the overall business. For instance, in 2016, the U.S. defense budget surpassed USD 604 billion resulting in increased military aircraft production. High profit margin of the industry participants due to multiplying orders for military aircrafts and helicopters has led to increased incorporation of advanced products. However, network congestions, particularly for low frequency bands may provoke the industry growth over the projected time span.

Military aircrafts are predicted to hold highest industry volume share with more than 64,000 units by 2024. This can be attributed to rising installation of SATCOM and other enhanced technologies in these air fleets. Rising demand for fighter planes combined with multi-functional capabilities will uphold its dominance. Commercial aircrafts segment will pose a CAGR 3.5% due to enhancement in aviation sector across the globe. Increasing air passenger traffic is further supporting the aircraft communication system market from 2017 to 2024.

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