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

09-06-2018 08:54 PM CET | Media & Telecommunications

Press release from: Global Market Insights, Inc.

Aircraft Communication System Market

Aircraft Communication System Market

Market Overview:-

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    North America    EU    APAC    LATAM    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    Federal Aviation Administration, DOT – published by U.S. GPO    Canadian Aviation Regulations (SOR/96-433) - Government of Canada

3.6.2    Europe    Commission Regulation (EU) No 965/2012 – published Official Journal of the European Union    COMMISSION REGULATION (EC) No 29/2009 – European Union

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


3.6.5    MEA    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    Expansion in North American defense industry along with rising demand for advanced fighter jets    Rapid adoption of advanced aircraft communication technologies in Europe    Rising number of aircraft deliveries in Asia Pacific    Sound growth potential for aviation industry    Rising demand for business jets along with growth in tourism industry in MEA

3.7.2    Industry pitfalls & challenges    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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The firm further aims to target measures worth USD 555 million to enhance productivity in 2018. With such massive investments being poured in by chief market players, it is quite undeniable that aircraft communication system industry would witness drastic transformation over the estimated time frame. All in all, the aircraft communication market is overt to stand as a major beneficiary of the next-gen technology incorporation in modern airplanes. In terms of remuneration portfolio, the fraternity is slated to surpass the billion-dollar benchmark by 2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
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