Press release
VHF Air-Ground Communication Stations Market Growing Trade Among Emerging Economies Opening New Opportunities To 2023-2031
According to the report published by Allied Market Research, the global VHF air ground communication stations market generated $1.1 billion in 2021, and is estimated to reach $2.2 billion by 2031, witnessing a CAGR of 7.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/17814
Covid-19 Scenario:
The VHF air ground communication market was negatively impacted by the COVID-19 pandemic. Global passenger travel decreased significantly during the pandemic.
According to ACI, the quick spread of the virus and the governments' stringent rules of staying home and airport closures led to a 22.9% decline in global air traffic in February and a 53.1% decline in March 2020, resulting in a drop in passenger volume of 620 million in the first quarter of 2020. Owing to a 90% global reduction in passenger travel, April was an especially challenging month.
However, the market is gaining traction with the pandemic situation improving.
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In terms of application, the commercial segment captured the largest market share of nearly two-thirds of the global VHF air ground communication stations market in 2021 and is expected to lead the trail during the forecast period. The military segment, on the other hand, is likely to achieve the fastest CAGR of 7.8% through 2031.
In terms of airport category, the commercial service airports segment captured the largest market share of nearly one-third in 2021 and is likely to maintain a noteworthy growth during the forecast period. The reliever airports segment, on the other hand, is likely to achieve the fastest CAGR of 8.2% through 2031. The report also includes the cargo service airports and general aviation airports segments.
Leading players of the global VHF air ground communication stations market analyzed in the research include Raytheon Technologies Corporation, Viasat, Inc., Becker Avionics, Inc., Rohde & Schwarz, Thales, Honeywell International Inc., Northrop Grumman Corporation, Jotron, MORCOM International, Inc., AEROTHAI Business, Systems Interface Limited, Leonardo S.p.A., Teledyne Technologies Incorporated, IACIT, CommSystems Ltd, and Elbit Systems.
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