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Aircraft Communication System Market 2018 Analysis By Top Key Vendors Honeywell Aerospace, UTC Aerospace Systems, Viasat, General Dynamics, Northrop Grumman, Harris Corporation, Lockheed Martin, Raytheon, L3 Technologies, Cobham Plc, Thales

01-12-2019 08:10 AM CET | Media & Telecommunications

Press release from: Aerospace Industry

Aircraft Communication System Market

Aircraft Communication System Market

Market Overview:-

Aircraft Communication System Market is estimated to exhibit over 6% CAGR with USD 1.3 billion by 2024.

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.

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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.

Top Key Players:-

The key players of global Aircraft Communication System Market are Harris Corporation, Lockheed Martin, Raytheon, L3 Technologies, Cobham Plc, Thales, Honeywell Aerospace, UTC Aerospace Systems, Viasat Inc., General Dynamics, and Northrop Grumman Corporation.

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.

Aircraft Communication System Market by Product

Data Link Communication

Aircraft Communication System Market by Component

Display & Processor

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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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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.

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.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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