Aircraft Communication System Market By 2025, Report Growth, Trends, Top Key Players Review and Forecast | Key Players are L3 Technologies, Harris Corporation, Honeywell Aerospace, Lockheed Martin, Northrop Grumman Corporation, Raytheon, Rockwell Collins
Moreover, the rise in civil aviation has been complemented with surging military spending by numerous governments which has only added to the existing fleet of defense aircrafts. As a consequence of the aforementioned factors, the aircraft communication system industry has been accumulating lucrative proceeds in the recent years.
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A rather crucial component of the air traffic management, SATCOM has emerged as the most popular product of the aircraft communication system industry in the recent past. As the global air traffic is expected to increase at an unprecedented pace every year, prominent airlines across the world would undoubtedly be upgrading their SATCOM systems to enhance passenger experience and upgrade operational efficiency. Furthermore, SATCOM is being deployed extensively in military aircrafts - a factor that has further boosted the growth prospects of aircraft communication system market.
One of the most well-known firm partaking in aircraft communication system market, Viasat has recently declared the availability of its ViaSat 2 satellite communications service for military and government applications. The California headquartered company had conducted a Viasat 2 SATCOM system demonstration in the early 2018. Apparently, the latest service leverages the capacities of the upgraded SATCOM supplemented with new technologies in ground networking systems.
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SATCOM systems accounted for a significant volume share in the aircraft communication system market owing to efficient earth-based information flow to aircraft located anywhere across the globe. It is associated with the Aircraft Earth Station (AES), Ground Earth Station (GES), and satellites that facilitate the efficient use of telecommunication devices for aircraft and weather monitoring.
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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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.
Asia Pacific accounted for the fastest growing region in the aircraft communication system market. This is attributed to the increasing commercial aircraft deliveries and proliferating air passenger traffic in countries including China, Japan, and India. For instance, according to the IATA, Asia Pacific will account for over half of the air passenger traffic from 2015 to 2035.
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