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Aircraft Communication Systems Market By Product (SATCOM, HF, VHF, UHF, Data Link Communication) | Lockheed Martin, UTC Aerospace Systems, Cobham, L3 Technologies, Harris Corporation, Northrop Grumman, Raytheon, Rockwell Collins, Thales
Aircraft Communication System Market
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Global aircraft communication systems 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.
Transponders in the aircraft communication systems market is expected to cross USD 640 million over the forecast time span. This revenue generation can be credited to provision of accurate information of the air fleets including barometric altitude and identification. Additionally, benefits such as maintaining communication with on-ground ATC units has resulted in wide usage in commercial and military planes.
Industry 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
SATCOM is projected to dominate the aircraft communication systems 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.
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 systems market from 2017 to 2024.
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North America aircraft communication systems market is expected to hold over 35% of the revenue share over the forecast timeframe. This can be credited to the presence of established aerospace industry leaders along with rising deployment of advanced communication systems in prominent aircrafts across the region. Rising defense expenditure of the developed countries including U.S. will further contribute towards region’s dominance.
Asia Pacific aircraft communication systems market will grow rapidly, exhibiting a CAGR of over 6% over the coming years. Increasing aircraft deliveries has led to high demand for these systems, primarily supporting the regional growth.
OEMs will account for over 90% of the revenue share in the aircraft communication systems market owing to high deployment of these systems for safety, maintenance and air traffic control. Moreover, competitors are entering into long-term supply agreements with OEMs, further providing stable growth prospects. Shifting trend towards replacement of components including transceivers, transmitters, etc. will primarily drive the growth of aftermarket segment. Frequent enhancements in these communication systems is another factor responsible for the substantial aircraft communication systems market growth over the coming years.
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Increasing defense budget of multiple countries is another factor positively impacting the aircraft communication systems market growth. For instance, the U.S. defense budget crossed USD 604 billion in 2016 and is expected to further increase in 2018. This has led to increased production of military aircrafts, escalating the revenue generation. High profit margin of the industry players owing to rising number of orders for helicopters and military aircrafts will result in increased deployment of these advanced communication systems which in turn will further strengthen the aircraft communication systems market penetration. However, signal congestions, specifically for low frequency bands may pose a challenge.
Aircraft communication systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2013 to 2024, for the following segments:
Aircraft Communication Systems Market by Product
• SATCOM
• HF
• VHF
• UHF
• Data Link Communication
Aircraft Communication Systems Market by Component
• Antenna
• Transponder
• Receiver
• Transmitter
• Transceiver
• Display & Processor
Aircraft Communication Systems Market by Aircraft
• Commercial aircraft
• Military aircraft
• Helicopters
• Space
• Others
Aircraft Communication Systems Market by Distribution Channel
• OEM
• Aftermarket
The above information is provided on a regional and country basis for the following:
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Poland
• Netherlands
• Sweden
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Singapore
• Latin America
• Brazil
• Mexico
• Argentina
• Peru
• Chile
• Colombia
• Venezuela
• Middle East & Africa
• Saudi Arabia
• Israel
• Egypt
• Turkey
• Iran
• Algeria
• UAE
• Syria
• South Africa
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.
Email: sales@gminsights.com
Web: www.gminsights.com
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