Press release
Aircraft Communication System Market Report Key Players: L3 Technologies, Harris Corporation, Thales, Cobham Plc, Lockheed Martin, And Raytheon.
Aircraft Communication System Market
Apart from rapid technological advancements in product development, one of pivotal factors to have contributed toward the exponential growth of aircraft communication system market is the swiftly expanding commercial aircraft space. One of the forerunners of the aerospace industry, Airbus for instance had set an ambitious target of tripling its services revenue from its commercial aircraft business to USD 10 billion within the ensuing seven.
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Aircraft communication system market has witnessed a remarkable expansion, over the recent years, synonymous to the burgeoning global aviation sector. As per the World Transport Statistics, the 2017 yearbook published by International Air Transport Association, airlines worldwide carried approximately 3.8 billion passengers in 2016 - representing an additional 242 million air trips and a humongous increase of 7% in the global air travel compared to 2015.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cobham Plc
2. General Dynamics
3. Harris Corporation
4. Honeywell Aerospace
5. Iridium Communications Inc.
6. L3 Technologies Inc.
7. Lockheed Martin
8. Northrop Grumman Corporation
9. Raytheon
10. Collins Aerospace
11. Rohde & Schwarz Gmbh & Co. Kg
12. Thales
13. UTC Aerospace Systems
14. Viasat Inc.
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.
With cutting edge innovations being brought forth rapidly in aircraft communication system market, it is rather overt that this business space would thrive commendably in the ensuing years. NASA has recently developed The Aircraft Access to System Wide Information Management that is capable of replacing the underground cables airport communication system with wireless communication. This is one of the instances of high-grade technological advancements prevalent in aircraft communication system industry.
The commendable expansion of the aviation space can be aptly credited for the significant proceeds that aircraft communication system market has been accumulating in the recent years. According to a study conducted by IATA, the average global citizen now undertakes air travel once every 21 months - a significant increase from the 43-month duration in 2000. 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
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