Aircraft Communication Systems Market Growth Drivers and Trends Booming the Industry | Rockwell Collins, Inc., Northrop Grumman Corporation, Raytheon, Thales Group, Honeywell international
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Increasing demand for satellite-based navigation system is the major factor driving growth of the global aircraft communication system market
Using satellite-based navigation systems in the aircraft communication, aids in reducing the flight time and reduces difficulties in the air traffic. Furthermore, it also reduces the altitude loss while crossing tracks, reduces delays, and offers quick direct routings, which increases the operational efficiency. Moreover, shifting of aircraft communication system from ground-based navigation surveillance to satellite based navigation surveillance is expected to positively impact the market growth.
High costs for development of aircraft communication system is a major factor hampering growth of the market
High costs associated with development of different aircraft communication systems is a major factor restraining the market growth. Additionally, high initial installation cost of advanced technologies is another factor hindering growth of the market across the globe. For instance, using commercial off-the-shelf or COTS technology in aircraft communication could lead to high investments.
Increasing use of the Commercial Off-The-Shelf (COTS) technology in aircraft communication system is expected to be the major growth factor for the market
The COTS is an advanced communication system, which aids in improving safety of aircraft during their operation. This system is also used for monitoring and controlling operation with another aircraft or ground stations, which helps in increasing the safety of passengers and also minimize aircraft accidents. However, COTS has also fulfilled the DO-254 safety standard, by Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA). Hence, the benefits of COTS is expected to positively aid in growth of the aircraft communications system market.
Global Aircraft Communication System Market: Regional Insights
On basis of geography, the global aircraft communication system market is segmented into North America, Europe, Asia Pacifica, Latin America, Middle East, and Africa. North America is expected to exhibit highest growth in aircraft communication system market over the forecast period. The U.S. and Canada are the major growth engines in North America.
The growth in this market is attributed to high presence of aerospace industry leaders across the region such as Boeing, Rockwell Collins, Inc. and Honeywell International Inc. (commercial avionics suppliers), which is positively affecting the market growth. Moreover, these manufacturers have adopted advanced communication systems in its products. For instance, Honeywell’s Versatile Integrated Avionics (VIA) is a general purpose processor developed for commercial airline market. Moreover, aircrafts of key players using the aircraft communication systems include Boeing 777 Passenger, Boeing 737 Passenger, Boeing 757 Passenger, Boeing (Douglas) MD-80, and Airbus A318/319/320/321 among others.
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Similarly, Asia Pacific is expected to witness the fastest growth in aircraft communication system market. This is owing to increasing demand for aircrafts, which is leading to rising air passenger traffic. For instance, Airbus is expected to deliver 14,280 units of aircrafts in Asia Pacific within 2017 to 2036, which is 41% of the global demand. This is expected to aid in growth of the market in Asia Pacific over the forecast period.
Global Aircraft Communication System Market: Competitive Background
Major players operating in the aircraft communication system market are Rockwell Collins, Inc., Northrop Grumman Corporation, Raytheon, Thales Group, Honeywell international Inc., and the manufacturers of different types of aircraft communication systems are Harris Corporation, Cobham Plc., General Dynamics Corporation, L3 Technologies, and Iridium.
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