Press release
Big Boom in Aircraft Communication System Market Size Future Scope Demands and Projected Industry Growths to 2025 | Cobham Plc.,General Dynamics Corporation,Harris ,Honeywell
Aircraft Communication System Market
The market for aircraft communication systems is influenced by various factors such as rise in air travel, and increasing demand for SATCOM technologies. These factors are poised to drive the market growth of aircraft communication systems from 2017 to 2025. However, there are factors hindering the growth of the market during the forecast period such as high investments incurred during procurement of such advanced systems, and failure of air traffic management systems during the peak hour of air traffic.
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Top Key Players:-
1. Cobham Plc
2. Honeywell International Inc.
3. Harris Corporation
4. General Dynamics Corporation
5. L-3 Technologies Inc.
6. Northrop Grumman Corporation
7. Thales Group
8. Raytheon Company
9. Rockwell Collins
10. Viasat Inc.
North America led the aircraft communication systems market in 2017. North America has the largest fleet of military aircrafts in the world. Business and personal aircraft market also generates a stable revenue in this region. Boeing is a North American multinational company is the largest manufacturer of commercial aircraft. The presence of Lockheed Martin, Northrop Grumman and general dynamics are some of the major military aircraft suppliers operating in the region thus, creating an exponential market for aircraft communication systems.
Market Segmentation:
Global Aircraft Communication System Market – By Type
• VHF/UHF/HF Radio
• Data Link
• SATCOM
Global Aircraft communication System Market – By Component
• Antenna
• Transponder
• Transceiver
• Display & Processors
Global Aircraft Communication System Market – By Aircraft Type
• Commercial Aircraft
• Military Aircraft
Asia Pacific region is projected to expand with highest CAGR in the global aircraft communication system market. Factors driving the adoption of communication systems in the Asia Pacific includes a significant increase in commercial air traffic, in countries such as China, India, Japan, and Indonesia among others. According to International Air Transport Association (IATA), China is expected to surpass the United States in terms of commercial air traffic, and India is expected to outpace the United Kingdom by 2035.
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.
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