openPR Logo
Press release

Global Aircraft Communication System Market Key Player Analysis On Harris Corporation, Thales, Cobham Plc, Lockheed Martin, Honeywell Aerospace, Northrop Grumman Corporation

10-08-2018 10:14 AM CET | Media & Telecommunications

Press release from: marketstudyreport.com

Aircraft Communication System

Aircraft Communication System

Market Study Report Add New Global Aircraft Communication System Market 2017 by Manufacturers, Countries, Type and Application, Forecast to 2024 to its research database. This research study is segmented on the bases of applications, technology, geography and types. The report spread across 450 pages with table and figures in it.

Increasing implementation of advanced technologies coupled with growing aviation industry will primarily drive the aircraft communication system market. Multiple developing countries in the world are witnessing an increase in air passenger traffic owing to affordable prices. This has resulted in substantial rise in aircraft deliveries from various manufacturers, further propelling the industry growth over the next eight years.

Get Sample Copy of this Report: https://www.marketstudyreport.com/request-a-sample/871732/

Transponders will account for more than USD 640 million in the aircraft communication system market by the end of 2024. High revenue generation can be attributed to provision of precise information about the aircraft such as aircraft identification and barometric altitude. Moreover, advantages such as maintaining proper communication with on-ground ATC systems has led to its wide implementation in military and commercial aircrafts.

Increasing defense budget of multiple countries is another factor positively impacting the aircraft communication system 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 system market penetration. However, signal congestions, specifically for low frequency bands may pose a challenge.

Military aircrafts will account for maximum aircraft communication system market share accounting for over 64,000 units till 2024 owing to rising implementation of SATCOM and other advanced technologies in these aircrafts. Increasing demand for fighter jets with multi-functional capabilities such as ground and air attack systems will further support its dominance.
Commercial aircrafts will pose more than 3.5% CAGR owing to growing aviation sector across the globe. Rising air passenger traffic has resulted in increased demand for these communication systems, ensuring passenger safety, further impacting the aircraft communication system market positively.

Manufacturers, particularly from developed regions including North America and Europe are focusing on growth opportunities from the international markets. Moreover, they are developing long term contracts with the OEMs, inducing immense potential to the aircraft communication system market. Weight reduction of the overall system along with versatility for multiple usage is the primary focus of the industry participants. Shifting trend towards replacing the conventional communication systems with advanced counterparts has also gained prominence.

SATCOM will dominate the aircraft communication system market, capturing over 35% of the volume share over the next eight years owing to provision of benefits such as efficiency in air traffic management and superior communication. Moreover, its extensive usage in military aircrafts will strengthen the product penetration due to their increasing orders. This high demand of military aircrafts due to rising defense budgets across the globe will further support the aircraft communication system market growth. HF communication systems will exhibit at over 7.5% CAGR from 2017 to 2024 owing to regular innovations in the product coupled with provision of efficient communication over long distance routes.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/871732/

North America aircraft communication system 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 system 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.

L3 Technologies, Harris Corporation, Thales, Cobham Plc, Lockheed Martin, and Raytheon are among the noticeable players. Other prominent participants in aircraft communication system market include Viasat Inc., General Dynamics, Honeywell Aerospace, Northrop Grumman Corporation, and UTC Aerospace Systems. Industry participants are adopting mergers and acquisitions as their prominent strategy to strengthen their foothold. For instance, in May 2014, Cobham completed the acquisition of a manufacturer of communication systems, Aeroflex to expand its product portfolio and enhance its visibility.

Related Report:

Global Commercial Aircraft Communication System Market Professional Survey Report 2018

This report studies Commercial Aircraft Communication System in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.

https://www.marketstudyreport.com/reports/global-commercial-aircraft-communication-system-market-professional-survey-report-2018/?utm_source=RR-dc

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Aircraft Communication System Market Key Player Analysis On Harris Corporation, Thales, Cobham Plc, Lockheed Martin, Honeywell Aerospace, Northrop Grumman Corporation here

News-ID: 1286262 • Views:

More Releases from marketstudyreport.com

Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Power Technologies (Schneider Electric), Simplex, Shenzhen Sikes, Pite Tech
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders. Load Bank Market Size was estimated
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - John Deere, CNH Industrial, Kubota, AGCO, Claas, Yanmar, Mahindra, LOVOL
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc., Volkswagen AG, SAIC Motors, BYD Auto Co. Ltd., BMW Group, Nissan Motor Co. Ltd., Hyundai Group
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028. The operation is done to stop ligament tears and
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - Garrett Motion, Hanon Systems, UQM Technologies, FISCHER Fuel Cell Compressor
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting

All 5 Releases


More Releases for Aircraft

Global Aircraft Line Maintenance Market By Aircraft Type: Narrow Body Aircraft ( …
According to the latest research by SkyQuest Technology, the Global Aircraft Line Maintenance Market was valued at USD 18.38 billion in 2021, and it is expected to reach USD 28.53 billion by 2028, with a CAGR of 5.80% during the forecast period of 2022 - 2028. The research provides up-to-date Aircraft Line Maintenance market analysis of the current market landscape, latest trends, drivers, and overall market environment. Get full report
Aircraft Cables Market End User (Commercial Aircraft, Private Aircraft, Defense …
Aircraft cable is a type of cable, which mainly finds application in the aircraft industry. The high strength and versatile aircraft cable can also be used for various pushing and pulling applications that includes sheaves, pulleys, and winches among others. The size of the aircraft cable is between 0.047 inches to 0.375 inches, and constructed in various strand namely 1X7 strand, 1X19 strand, 7X7 strand, and 7X19 strand. Get Sample
Commercial Avionics Systems Market Aircraft Type (Narrow-body aircraft, Wide-bod …
Commercial Avionics Systems Market Report, published by Allied Market Research, states that the commercial avionics systems market was valued at $16 billion in 2014 and is projected to reach $26 billion by 2022, growing at a CAGR of 7.1% from 2016 to 2022. Surge in the number of aircraft deliveries, increasing demand for real-time data, economic growth in emerging countries, and increasing demand for in-flight entertainment (IFE) services are expected to
Aircraft Glareshield Lighting Market Aircraft Type (Narrow Body Aircraft, Wide B …
Aircraft Glareshield Lighting Market Outlook - 2027 Glareshield lighting is used for designing the inner aircraft cabin. The goal of aircraft glareshield lighting in an aircraft is to make the instruments and controls easy to read, while preserving the pilot’s night vision. Significant number of aircraft deliveries is expected to be a main factor boosting the growth of the global aircraft glareshield lighting market during the forecast period. Furthermore, the replacement of
Light Aircraft Market Is Booming| Diamond Aircraft, Piper Aircraft, TECNAM
A latest survey on Global Light Aircraft Market is conducted covering various organizations of the industry from different geographies to come up with 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Light Aircraft market. The report bridges the historical data from
Global Light Aircraft Market Report 2019 Companies included Cirrus Aircraft, Ele …
We have recently published 7th edition of market research report on Light Aircraft. For inquiry email us at: sales@marketreportscompany.com Report includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast till 2026 in terms of volume, revenue, YOY growth rate, and CAGR. The report also provides detailed segmentation on the basis of product type, applications and regional segmentation. The regional segment