What's driving the Aircraft Communication System Market trends? Harris Corporation, Cobham PLC, General Dynamics Corporation, L3 Technologies, Iridium Corporation, Rockwell Collins

Market Study Report LLC Adds New, 2020-2026 Global Aircraft Communication System Market Report to its research database presenting an informative study covering the market with detailed analysis. The Global Aircraft Communication System market research report is a professional and in-depth study on the current state of global Industry.

Global Aircraft Communication System Market is valued approximately USD 3.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2019-2026. Aircraft communication systems are used for transmission of messages between ground station and aircrafts by using air band radios or satellites. Aircraft communication systems are collection of transmission systems, individual communication networks, relay stations, data terminal equipment (DTE), and tributary stations.

Request a sample of this premium report titled Global Aircraft Communication System Market at https://www.marketstudyreport.com/request-a-sample/2610743?utm_source=openpr.com&utm_medium=Ram

Growth in the commercial airplanes owing to increasing air passenger travel is the key factor driving the aircraft communication system market. Rising consumer spending along with increasing preference towards air travel owing to superior safety and increasing disposable income will further fuel the market demand. As per world bank organization, across the globe, the number of air passengers were 3.7 billion in 2016 which increased to 3.9 billion in 2017 and further to 4.23 billion in 2018. Further, The International Air Transport Association (IATA) projected that passenger numbers could double to 8.2 billion in 2037. The commercial aircraft segment accounted for a major share of the aircraft communication systems market during the base year.

Prior to these systems, the communication between airplanes and stations was done through analog systems or high-frequency radio waves. Currently, communication is done through modern technologies such as satellite plus, mobile communication and also at times through broadband networks. Some of the products utilized in the system are, , HF Communication, VHF/UHF/L-Band, Data Link, SATCOM and also many others.

This is due to the comparatively higher number of deliveries of commercial aircraft than that of military aircraft. As according to the general Aviation Manufacturers (GAMA) there were more than 440 thousand general aviation aircraft across the globe in 2018. Hence the growing commercial aircrafts across the globe demands extensive use of Aircraft communication systems for efficient and safe air travel. Moreover, increasing military spending and growing advancements in the Defense sector further fuel the market growth. As these Communication systems are an integral part of the Military aircrafts for sending information about the target. However, high initial investment and elongated approval period impedes the growth of the market over the forecast period of 2020-2026. Although, with the transforming technology connected devices in the aircraft communication systems are playing an important role of providing centralized access to multiple electronic devices. This presents a lucrative opportunity for the market growth.

The regional analysis of global Aircraft Communication System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the well-developed aircraft communication systems developing companies, and due to the presence of various innovative technologies in the region. Furthermore, the region has dense air traffic which further fuels the market growth. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Factors such as rising disposable income coupled with government initiatives being taken towards the improvement of technologies by emerging economies such as India, and China and increase in the number of travelers would create lucrative growth prospects for the Aircraft Communication System market across Asia-Pacific region.

Major market player included in this report are:
Harris Corporation (US)
Cobham PLC (UK)
General Dynamics Corporation (US)
L3 Technologies (US)
Iridium Corporation (US)
Rockwell Collins (US)
Northrop Grumman Corporation (US)
Raytheon Technologies (US)
Thales Group (France)
Honeywell International Inc. (US)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
SATCOM
VHF/UHF/L-Band
HF Communication
Data Link
Others

By Component:
Transponder
Transceiver
Antenna
Transmitter
Receiver
Display & Processor
Others

By Platform:
Commercial Aircraft
Military Aircraft

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year ?EUR" 2016, 2017, 2018
Base year ?EUR" 20198
Forecast period ?EUR" 2020 to 2026

Target Audience of the Global Aircraft Communication System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Request a discount on standard prices of this premium report titled Global Aircraft Communication System Market at https://www.marketstudyreport.com/check-for-discount/2610743?utm_source=openpr.com&utm_medium=Ram

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Aircraft Communication System Market, by Region, 2018-2026 (USD Billion)
1.2.2. Aircraft Communication System Market, by Product Type, 2018-2026 (USD Billion)
1.2.3. Aircraft Communication System Market, by Component, 2018-2026 (USD Billion)
1.2.4. Aircraft Communication System Market, by Platform, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Aircraft Communication System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Aircraft Communication System Market Dynamics
3.1. Aircraft Communication System Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Aircraft Communication System Market Industry Analysis
4.1. Porter?EUR(TM)s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter?EUR(TM)s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Aircraft Communication System Market, by Product Type
5.1. Market Snapshot
5.2. Global Aircraft Communication System Market by Product Type, Performance - Potential Analysis
5.3. Global Aircraft Communication System Market Estimates & Forecasts by Product Type 2016-2026 (USD Billion)
5.4. Aircraft Communication System Market, Sub Segment Analysis
5.4.1. SATCOM
5.4.2. VHF/UHF/L-Band
5.4.3. HF Communication
5.4.4. Data Link
5.4.5. Others
Chapter 6. Global Aircraft Communication System Market, by Component
6.1. Market Snapshot
6.2. Global Aircraft Communication System Market by Component, Performance - Potential Analysis
6.3. Global Aircraft Communication System Market Estimates & Forecasts by Component 2016-2026 (USD Billion)
6.4. Aircraft Communication System Market, Sub Segment Analysis
6.4.1. Transponder
6.4.2. Transceiver
6.4.3. Antenna
6.4.4. Transmitter
6.4.5. Receiver
6.4.6. Display & Processor
6.4.7. Others

Chapter 7. Global Aircraft Communication System Market, by Platform

Chapter 8. Global Aircraft Communication System Market, Regional Analysis

Chapter 9. Competitive Intelligence

Chapter 10. Research Process

Questions? Get them answered via https://www.marketstudyreport.com/enquiry-before-buying/2610743?utm_source=openpr.com&utm_medium=Ram

Contact Us:

Market Study Report

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.