openPR Logo
Press release

Aircraft Communication System Market 2019-24 Scope Analysis By Industry Manufacturers - UTC Aerospace Systems, General Dynamics, Northrop Grumman, Harris Corporation, Lockheed Martin, Raytheon, Thales, L3 Technologies, Honeywell Aerospace

01-17-2019 12:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Aerospace Industry

Aircraft Communication System Market

Aircraft Communication System Market

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.

Transponders in the aircraft communication system 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.

Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2329

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 system market from 2017 to 2024.

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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1.Cobham Plc
2. General Dynamics
3. Harris Corporation
4. Honeywell Aerospace
5. Iridium Communications Inc.
6. L3 Technologies, Inc.
7. Lockheed Martin
8. Northrop Grumman Corporation
9. Raytheon
10. Rockwell Collins, Inc.
11. Rohde & Schwarz Gmbh & Co. Kg
12. Thales
13. UTC Aerospace Systems
14. Viasat Inc.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2329

OEM segment is estimated to account for around 90% of the aircraft communication system market revenue share by 2024. This can be credited to installation for improving air traffic control, maintenance, and safety. Replacing components such as transmitters, transceivers, etc. is driving the aftermarket sector over the study period.

Increasing defense expenditure of multiple nations is one of the several factors positively affecting the overall business. For instance, in 2016, the U.S. defense budget surpassed USD 604 billion resulting in increased military aircraft production. High profit margin of the industry participants due to multiplying orders for military aircrafts and helicopters has led to increased incorporation of advanced products. However, network congestions, particularly for low frequency bands may provoke the industry growth over the projected time span.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/aircraft-communication-system-market

Major aircraft communication system market players are Harris Corporation, Lockheed Martin, Raytheon, L3 Technologies, Cobham Plc, and Thales. Other notable players are Honeywell Aerospace, UTC Aerospace Systems, Viasat Inc., General Dynamics, and Northrop Grumman Corporation. Industry players are implementing merger and acquisitions strategy to strengthen their regional foothold.

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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 Aircraft Communication System Market 2019-24 Scope Analysis By Industry Manufacturers - UTC Aerospace Systems, General Dynamics, Northrop Grumman, Harris Corporation, Lockheed Martin, Raytheon, Thales, L3 Technologies, Honeywell Aerospace here

News-ID: 1507997 • Views: 837

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,

All 5 Releases


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
Clinical Communication
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
Marketing Communication
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