Comprehensive Analysis on Aircraft Communication System Market with Key Players: Thales, General Dynamics, Lockheed Martin, Raytheon, L3 Technologies, Harris Corporation, Northrop Grumman Corporation

The Aircraft Communication System market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report LLC.

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, 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.

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Increasing implementation of advanced technologies coupled with growing aviation industry will primarily drive the aircraft communication system market. Multiple developing countries in the world are witnessing an increase in air passenger traffic owing to affordable prices. This has resulted in substantial rise in aircraft deliveries from various manufacturers, further propelling the industry growth over the next eight years. Aircraft Communication System Market is estimated to surpass USD 1.3 billion by 2024; according to a new research report.

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.

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.

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.

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

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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.

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.

Table of Contents:

Chapter 1 Methodology & Scope

1.1 Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry Insights and validation

1.1.4 Definitions, assumptions & forecast parameters

1.2 Data sources

1.2.1 Secondary

1.2.2 Primary

Chapter 2 Executive Summary

2.1 Aircraft communication system industry 360 degree synopsis, 2013 - 2024

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Component trends

2.1.4 Aircraft trends

2.1.5 Distribution channel trends

2.1.6 Regional trends

Chapter 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

3.4.1.1 North America

3.4.1.2 EU

3.4.1.3 APAC

3.4.1.4 LATAM

3.4.1.5 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

3.6.1.1 Federal Aviation Administration, DOT - published by U.S. GPO

3.6.1.2 Canadian Aviation Regulations (SOR/96-433) - Government of Canada

3.6.2 Europe

3.6.2.1 Commission Regulation (EU) No 965/2012 - published Official Journal of the European Union

3.6.2.2 COMMISSION REGULATION (EC) No 29/2009 - European Union

3.6.3 APAC

3.6.3.1 Civil Aviation Order 20.91 (Instructions and directions for performance?based navigation) Instrument 2014 - Australia

3.6.3.2 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

3.6.4 LATAM

3.6.4.1 REPUBLIC OF CHILE - SPECIAL REQUIREMENTS - DIRECCION GENERAL DE AERONAUTICA CIVIL (DGAC.) - Federal Aviation Administration (FAA)

3.6.5 MEA

3.6.5.1 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

3.7.1.1 Expansion in North American defense industry along with rising demand for advanced fighter jets

3.7.1.2 Rapid adoption of advanced aircraft communication technologies in Europe

3.7.1.3 Rising number of aircraft deliveries in Asia Pacific

3.7.1.4 Sound growth potential for aviation industry

3.7.1.5 Rising demand for business jets along with growth in tourism industry in MEA

3.7.2 Industry pitfalls & challenges

3.7.2.1 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

Chapter 4 Aircraft Communication System Market, By Product

4.1 Aircraft communication system market share by product, 2016 & 2024

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