Aircraft Communication Systems Market Brief Analysis By top Leading Companies from 2019-2027: Rockwell Collins, Northrop Grumman, Honeywell, Raytheon
The SATCOM product type segment of the aircraft communication system market is projected to witness significant growth during the forecast period. Moreover, the use of software-defined radios for satellite communication in the aerospace industry is expected to drive the growth of aircraft communication system market between 2017 and 2027.
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Based on component, the transponder segment is projected to lead the aircraft communication system market during the forecast period from 2017 to 2027. The growth of this segment of the market can be attributed to the increasing use of transponders for communicating with different types of aircraft to ensure effective air traffic control and safety. Transponders ensure air-to-air data exchange between TCAS-equipped aircraft so that coordinated and complementary resolution advisories can be issued, whenever required.
Based on platform, the military aircraft segment of the aircraft communication system market is projected to grow at the highest CAGR during the forecast period. The growth of this segment of the market can be attributed to continuous advancements in digital electronics and increased number of manufacturers of surveillance, communication, and navigation systems. New aircraft of different sizes that are being presently manufactured across the globe have digital glass cockpits while the existing aircraft are retrofitting digital avionics to replace their analog instrumentation and radio navigation equipment.
The North American region is expected to lead the aircraft communication system market during the forecast period. The growth of the North America aircraft communication system market can be attributed to the high disposable income of the middle-class population of the region, which, in turn, has led to rise in air travel in the region. This has further fuelled the growth of the air passenger traffic in the North American region, thereby leading to increase in the number of new aircraft deliveries.
Major companies profiled in the aircraft communication system market report are Rockwell Collins, Northrop Grumman, Honeywell, and Raytheon, among others.
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