Aircraft Communication System Market Analysis to 2025 - Rockwell Collins, Raytheon Corporation, Thales Group, Viasat Inc, Harris Corporation, Northrop Grumman Corporation, Cobham Plc, and General Dynamics Corporation

According to a new market research study titled 'Aircraft Communication Systems Market to 2025 - Global Analysis and Forecasts by Types, Components, and Aircraft Types?, the global aircraft communication systems market was valued at US$ 7112.0 Mn in 2016 and is estimated to reach US$ 15,375.1 Mn by 2025. The report highlights the trends prevalent in the global aircraft communication systems market and the factors driving the market along with those that act as deterrents to its growth.

Significant Rising Demands for Commercial Air Travel Across the Globe is Fueling the Market for Aircraft Communication Systems Market

The aircraft communication systems facilitate in providing interaction opportunity to the airborne pilot and the ground station controller, and also among two airborne pilots. The growth of market for aircraft communication systems is majorly driven by the notable growth in air travel across the globe. The growth in air travel has increased significantly over the years due to increase in disposable income among the middle class society and upper middle class society worldwide.

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The major players operating in the market for aircraft communication systems, can look to venture for business enhancement. The key players profiled in the report are Cobham Plc., Harris Corporation, Rockwell Collins, Raytheon Corporation, Honeywell International Inc., Viasat Inc., Thales Group, L-3 Technologies Inc., Northrop Grumman Corporation, and General Dynamics Corporation among others.

Asia Pacific region in Aircraft Communication System Market covers countries such as China, India, Japan and Rest of Asia Pacific. The region contributed a fair market share in 2016 and is anticipated to surge over the forecast period to generate a healthy market share by the end of 2025. The region is also expected to exhibit maximum growth rate during the forecast period from 2017 to 2025. Asia Pacific region is accountable for generating highest revenue from commercial aviation sectors, as per International Air Travel Association.

Countries such as China, India, Indonesia, Vietnam among others are expected to generate tremendous growth in commercial air travel, owing to significant rise in disposable income and fall in air fares. China held the largest market share in aircraft communication systems market in 2016 and is expected to dominate the region throughout the forecast period. This is attributed to the large fleet size of commercial aircrafts as well as military aircrafts in China. India on the other hand, is anticipated to be the fastest growing region in Asia Pacific aircraft communication systems market, owing to rapid increase in aircraft procurement in military and commercial sectors.

The global aircraft communication systems market has been segmented on basis of various parameters such as types, components, aircraft types and geography. Based on types the market for aircraft communication systems is segmented as VHF/UHF/HF radios, data links and SATCOM. The components segment include antenna, transponder, transceiver, and display & processors. The aircraft communication systems market is bifurcated on basis of aircraft types as commercial aircrafts and military aircrafts. The market is further analyzed by categorizing the market on basis of five strategic regions across the globe as North America, Europe, Asia Pacific, Middle East and Africa, and South America.

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Reason to Buy:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global aircraft communication systems market.

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the global aircraft communication systems market, thereby allowing players across the value chain to develop effective long-term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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This release was published on openPR.