Aircraft Communication System Market Global Outlook on Key Growth Factors and Industry Analysis 2024, Key Players Honeywell, Viasat Inc., UTC, Ducommun Incorporated, Thales, Harris Corporation, Rockwell Collins

Growth in the commercial airplanes owing to increasing air passenger travel is the key factor driving the aircraft communication system market growth over the study timeframe. Rising consumer spending along with increasing preference towards air travel owing to superior safety and increasing disposable income will further fuel the market demand.

Airliners are engaged in introducing low-cost carriers with expanded network routes, enabling consumers to travel across multiple destinations at reduced rates. They are constantly focusing on reducing the flight rates further enhancing the passenger preference for air travel supporting the product demand. Increasing air traffic along with stringent government regulations regarding air safety will further boost industry growth.

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Proliferating defense budget along with growing demand for advanced military airplanes offering improved communication systems will drive the aircraft communication system market growth over the study timeframe. Replacement of in-service and ageing air carriers with newer generation advanced models are the key trends observed in the aviation industry.

Increasing defense budget requiring advanced R&D activities and higher adoption of military airplanes with advanced systems will further propel the industry demand.

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

 Honeywell
 Viasat
 UTC
 Ducommun Incorporated
 Thales
 Harris
 Rockwell Collins

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Military aircrafts will witness steady growth owing to increasing military expenditure along with multiple government initiatives for upgrading existing and ageing airplane. For instance, in February 2018, the U.S. Air Force announced to increase the aircraft procurement budget by over 5.5% in 2019. Further, installation of advanced and light weight components to enhance performance will propel the product demand.

North America leads the aircraft communication system marketplace owing to the existence of multiple airplane manufacturers. Component manufacturers are entering into strategic partnerships and agreements with aviation industry players to ensure continuous supply of components. In March 2017, Harris Corporation and Avtec Inc. entered into a strategic partnership for offering innovative Digital Mobile Radio (DMR) technology.

Asia Pacific, led by China, India, and Japan is expected to witness strong growth over the forecast timeframe with proliferating demand for commercial airplanes along with increasing air passenger traffic. Continuous technological advancements in aircraft communication systems along with lowering of system weight and improving efficiency for supporting the flight efficiency will further fuel the industry demand.

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Some of the major market players include Honeywell, Viasat, UTC, Ducommun Incorporated, Thales, Harris, and Rockwell Collins. Establishing long term supply contracts for specific airplane models, designing customized low latency solutions for military and commercial airplanes are the key strategies adopted. Manufacturers are investing in R&D to develop solutions that will provide them leverage over the other industry competitors in providing economical and innovative technologies further stimulating the market by 2025.

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