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
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.
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
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Pricing analysis
3.4.1 By region
22.214.171.124 North America
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
126.96.36.199 Federal Aviation Administration, DOT – published by U.S. GPO
188.8.131.52 Canadian Aviation Regulations (SOR/96-433) - Government of Canada
184.108.40.206 Commission Regulation (EU) No 965/2012 – published Official Journal of the European Union
220.127.116.11 COMMISSION REGULATION (EC) No 29/2009 – European Union
18.104.22.168 Civil Aviation Order 20.91 (Instructions and directions for performance?based navigation) Instrument 2014 – Australia
22.214.171.124 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
126.96.36.199 REPUBLIC OF CHILE - SPECIAL REQUIREMENTS - DIRECCION GENERAL DE AERONAUTICA CIVIL (DGAC.) - Federal Aviation Administration (FAA)
188.8.131.52 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
184.108.40.206 Expansion in North American defense industry along with rising demand for advanced fighter jets
220.127.116.11 Rapid adoption of advanced aircraft communication technologies in Europe
18.104.22.168 Rising number of aircraft deliveries in Asia Pacific
22.214.171.124 Sound growth potential for aviation industry
126.96.36.199 Rising demand for business jets along with growth in tourism industry in MEA
3.7.2 Industry pitfalls & challenges
188.8.131.52 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.
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