Aircraft Communication System Market | Regional Top Key Players (UTC Aerospace Systems, Thales, Rockwell Collins, Raytheon, Northrop Grumman, Lockheed Martin, L3 Technologies, Harris Corporation, General Dynamics)
Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2329
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.
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.
Industry Growth drivers:
1 Expansion in North American defense industry along with rising demand for advanced fighter jets
2 Rapid adoption of advanced aircraft communication technologies in Europe
3 Rising number of aircraft deliveries in Asia Pacific
4 Sound growth potential for aviation industry
5 Rising demand for business jets along with growth in tourism industry in MEA
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.
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 size. 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.
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2329
OEMs will account for over 90% of the revenue share in the aircraft communication system 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 system market growth over the coming years.
Aircraft Communication System Market by Product
• Data Link Communication
Aircraft Communication System Market by Component
• Display & Processor
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.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/aircraft-communication-system-market
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.
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
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 Aircraft Communication System Market | Regional Top Key Players (UTC Aerospace Systems, Thales, Rockwell Collins, Raytheon, Northrop Grumman, Lockheed Martin, L3 Technologies, Harris Corporation, General Dynamics) here
News-ID: 1442564 • Views: 2143
More Releases from Aerospace Industry
Aerospace Communication System Market By Evolving Technology, Software To 2025 | …
Europe aerospace communication system market share will witness robust growth owing to government initiatives on precautionary measures on accidents along with stringent regulations on air carrier inspection & safety. Increasing adoption of advanced technologies to enhance travel safety and avert air carrier accidents will propel the industry demand over the projected timeframe. Aerospace Communication System Market is estimated to exceed USD 2.9 billion by 2025 Get Sample Copy of This Report
Aircraft Evacuation Market 2025 | UTC Aerospace Systems, GKN Aerospace, Zodiac A …
Asia Pacific aircraft evacuation market share will witness a significant growth owing to increasing demand for air travel. Further, as per IATA, the region is witnessing an annual increase of around 5.5% passenger traffic. Continuous investments by industry players for setting up of manufacturing facilities are further supporting the regional growth till 2025. Europe aircraft evacuation market holds substantial share with the expansion of airlines. In August 2018, Wizz Air announced
Aerospace Landing Gear Market 2024 | Safran, GKN Aerospace, Triumph Group, UTC A …
Global aerospace landing gear market from tri-cycle arrangement accounted for 12,221 units in 2017 and is expected to continue its dominance till 2024 owing to several benefits offered including prevention of nose over while braking at higher landing speeds, enhanced visibility from flight deck, easier maneuvering & landing, and prevention of aircraft ground looping. The reduced weight of the system along with lower drag compared to its counterparts further strengthens
Communication System Market in Aircraft 2024 Key Players - L3 Technologies, Lock …
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,
More Releases for Communication
Electric Vehicle Communication Controller Market
Rise in income of middle-class families and improved standards of living in developing and developed countries have increased the sales of vehicles. Electric vehicle communication controller is a key component to support communication between vehicle and charger for rapid charging of electric vehicle. The electric vehicle communication controller receives electricity from the electric vehicle supply equipment. Additionally, the controller is used to exchange information mutually through communication between external charger
Gender Differences in Communication
A friend was complaining that her boyfriend would not say “I love you” even if explicitly asked to do so. The only exception, she said, was when they were in fact in the act of making love. Then, if asked, he would say the sacred words. Somebody suggested to her that she should not take too much comfort in the exception. When making love, she was told, men would say anything. “He’d
Green Communication Market
Energy efficiency in cellular networks is a growing concern for cellular operators to not only maintain profitability, but also to reduce the overall environmental effects. This emerging trend of achieving energy efficiency in cellular networks is motivating the standardization authorities and network operators to continuously explore future technologies in order to bring improvements in the entire network infrastructure. In order to achieve this, green communication technologies are widely preferred and
According to a recent market report published by Persistence Market Research titled “Clinical Communication and Collaboration Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025),” revenue from the global clinical communication and collaboration market was US$ 138.5 Mn in 2012 and US$ 214.8 Mn in 2016, representing a CAGR of 11.6% from 2012 to 2016. This revenue growth is attributed to addition of new features in clinical communication and collaboration solutions.
Tactical Communication and Protective System
The Tactical Communication and Protective System (TCAPS) provides concurrent hearing protection and auditory situational awareness. Historically, Soldiers have had to choose between hearing protection and force protection. TCAPS maintains hearing protection while enabling Soldiers to use existing tactical radios, resulting in increased mission effectiveness, safety, and survivability. The scope of the Report: This report focuses on the Tactical Communication and Protective System in North America market, especially in the United States, Canada
Branding is nothing but a definition of ‘what you are’ and ‘what others think of you’. It is always strategic and a more generous way of self-promotion. At Kaavin Communications, as an advertising agency we believe in creating compelling brand experiences that touch a chord with audiences. Our goals are simple; do great work, make our client’s brands successful with the right communication; build fiercely loyal relationships with them in