What’s driving the Aircraft Communication System Market Growth Potential Analysis? | Key Players are Honeywell, Ducommun Incorporated, Rockwell Collins, Harris, Thales, UTC, Northrop Grumman, Raytheon, Cobham
Not to mention, military expenditure has also observed a rise lately, with governments setting aside a major portion of the national budget for the defense sector. Driven by surging military spending and the rising number of defense aircraft, aircraft communication system market will inevitably propel over the coming years.
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With air travel becoming more affordable, a new generation of jetsetters have come into being, leading to increased air traffic. In consequence, pilots are under tremendous greater pressure to navigate in the congested air space. As the demand for real-time satellite access and air traffic data to undertake rapid decisions increases, aircraft communication system market is likely to receive commendable momentum.
Speaking of which, SATCOM, one of the pivotal products in aircraft communication system market, has proved itself to be rather crucial in air traffic management. Its increased deployment in military aircrafts is likely to upscale its demand, thereby stimulating aircraft communication system market size from SATCOM.
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One of chief drivers for the aircraft communication system market is the exponential growth of the commercial aircraft industry. Considering an instance of Airbus, one of the pioneers of the aerospace industry, the firm has set its goal of tripling its revenues within the next seven years to enable its commercial aircraft business reach $10 billion.
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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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
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Pricing analysis
3.4.1 By region
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East & Africa
3.4.2 Cost structure analysis, 2018
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
126.96.36.199 Federal Aviation Administration, DOT – published by U.S. GPO
188.8.131.52 Canadian Aviation Regulations (SOR/96-433) - Government of Canada
184.108.40.206 Commission Regulation (EU) No 965/2012 – published Official Journal of the European Union
220.127.116.11 COMMISSION REGULATION (EC) No 29/2009 – European Union
3.6.3 Asia Pacific
18.104.22.168 Civil Aviation Order 20.91 (Instructions and directions for performance?based navigation) Instrument 2014 – Australia
22.214.171.124 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 Latin America
126.96.36.199 REPUBLIC OF CHILE - SPECIAL REQUIREMENTS - DIRECCION GENERAL DE AERONAUTICA CIVIL (DGAC.) - Federal Aviation Administration (FAA)
3.6.5 Middle East & Africa
188.8.131.52 GACA REGULATION - Section 2 - Rules of the Air - Kingdom of Saudi Arabia - General Authority of Civil Aviation (GACA)
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.
The major players in the aircraft communication system market are Viasat, Honeywell, Ducommun Incorporated, Rockwell Collins, Harris, Thales, UTC, Northrop Grumman, Raytheon, and Cobham. The industry participants are developing advanced communication systems that will provide data and voice connectivity access to aircraft passengers and flight crews. For instance, in April 2018, Honeywell launched its latest satellite communications system that will offer cockpit safety services to pilots and improved data connectivity.
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