Aircraft Communication System Market Set for Continued Growth to 2025 | By key vendors - Honeywell Aerospace, L3 Technologies, General Dynamics, Harris Corporation, Lockheed Martin, Raytheon, UTC Aerospace Systems
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Proliferating military sector due to rising defense budget is enhancing the military aircraft demand. The requirement for improved and highly precise navigation systems in military aircraft for operations across multiple locations including cross boundaries is expanding the aircraft communication system market share over the forecast timeframe. The connected communication system in aircraft provides centralized access to electronic devices, enhancing the installation of these systems in aircraft.
Aircraft Communication System Market By Product
• Data link communication
Aircraft Communication System Market By Component
• Display & processor
The rising requirements for aircraft communication systems during emergencies and rescue operations are positively influencing the aircraft communication system market over the study timeframe. These systems are transforming into satellite-based navigation system from ground-based surveillance systems on account of efficient use for the aerospace industry.
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Helicopters accounted for a significant volume share during the forecast period with increasing commercial helicopter utilization and development of antennas with high electrical performance and lower weight. Prominent players, such as Cobham plc and Honeywell International, Inc., are providing helicopter communication system such as transponder antennas. Further, satellite communication systems in helicopters allow critical communication flow between the ground and aircraft that convert helicopters into an information hub, thereby escalating the aircraft communication system market expansion.
A transponder will register considerable growth on account of increasing demand for transponders to communicate with different types of aircraft including commercial aircraft, spacecraft, and military aircraft. It ensures effective air safety and air traffic control. It also enables in exchanging data air to air between Traffic Collision Avoidance System (TCAS) equipped aircraft to issue complementary resolution advisories. Barometric altitude identification and exact location determination by transponder are some of the major factors propelling the aircraft communication system market growth.
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Major players operating in the aerospace communication system market include L3 Technologies, Iridium Communications Inc., Harris Corporation, Honeywell Aerospace, Lockheed Martin, Northrop Grumman Corporation, Raytheon and Rockwell Collins, Inc. Industry participants are engaged in strategic acquisitions and mergers for expanding their market share. For instance, in 2015, Rockwell Collins acquired International Communications Group (ICG) for USD 50 million. This strategy was aimed at integrating the company’s satellite communication portfolio and diversify its business with a wide range of products.
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