What's Driving the Aircraft Communication System Market Trends? Cobham, General Dynamics, Harris Corporation, Honeywell Aerospace, L3 Technologies, Inc., Lockheed Martin, Northrop Grumman Corporation, Raytheon, Thales

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. Driven by surging military spending and the rising number of defense aircraft, market will inevitably propel over the coming years. In order to remain aligned with the exponential demands of the current consumer base, innovative products are also being introduced in aircraft communication system market.

Request for Sample Copy of This Report @ https://www.decresearch.com/request-sample/detail/2329

The Major Key Players in the Market are as follows:
o Cobham Plc
o General Dynamics
o Harris Corporation
o Honeywell Aerospace
o Iridium Communications Inc.
o L3 Technologies Inc.
o Lockheed Martin
o Northrop Grumman Corporation
o Raytheon
o Collins Aerospace
o Rohde & Schwarz Gmbh & Co. Kg
o Thales
o UTC Aerospace Systems
o Viasat Inc.

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. For instance, the EU has adopted the SANDRA project that integrates different plane communication systems in a single system. This unit facilitates faster data connectivity and replaces banks of radio hardware with state-of-the-art software systems. Thus, data like weather conditions and air traffic situation that used to be verbally communicated earlier, can now be accessed by pilots in real time through flight computers.

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 market from SATCOM.

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 also plans to target measures worth $555 million in 2018 to improve productivity. Furthermore, in the year 2018, Airbus commercial aircraft deliveries rose to 800 - an 11% surge compared to 2017.

Powered by substantially large investments in place, in conjunction with the escalating adoption of low-cost carriers and enhanced regional connectivity, global aircraft communication system industry is likely to accrue massive ROI from the commercial air carrier segment.

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. As per reliable estimates, aircraft communication system market is anticipated to cross USD 2.9 billion by 2025.

Make an Inquiry for purchasing this Report @ https://www.decresearch.com/inquiry-before-buying/2329

List of Charts & Figures from Aircraft Communication System Market Report:

FIG. 1 Global commercial aircraft fleet in service by region, 2017
FIG. 2 Industry segmentation
FIG. 3 Industry landscape, volume & revenue, (Units & USD Million), 2013 - 2025
FIG. 4 Industry ecosystem analysis
FIG. 5 Number of fighter aircrafts, by country, 2018 (Units)
FIG. 6 Global aircraft fleets, by aircraft generation, 2015 & 2025 (Units)
FIG. 7 Global & Europe revenue passenger-kilometre (RPK) traffic growth, (%)
FIG. 8 Global aircraft deliveries, by region, 2018-2037
FIG. 9 Asia Pacific air transport jobs, by sector, 2017
FIG. 10 Latin America passenger traffic CAGR (2017-2037) by destination region
FIG. 11 Latin America & Caribbean urban population growth, 2015-2019 (%)
FIG. 12 Global number of passenger carried by air transport, 2013-2017 (Billion Passengers)
FIG. 13 Growth potential analysis, 2018
FIG. 14 Porter's analysis
FIG. 15 Market share analysis, 2018
FIG. 16 PESTLE analysis
FIG. 17 Market share by product, 2018 & 2025
FIG. 18 Market share by component, 2018 & 2025
FIG. 19 Market share by aircraft, 2018 & 2025
FIG. 20 Market share by distribution channel, 2018 & 2025
FIG. 21 Aircraft communication systems market share by region, 2018 & 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/aircraft-communication-system-market

Contact Us:
DecResearch.com
Website: - https://www.decresearch.com/
Email: info@decresearch.com

About DecResearch.com:
DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

This release was published on openPR.