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Aircraft Communication System Market Insights 2022: Rising Growth, Worldwide Innovations, Current Trends, Latest Opportunities 2026

01-30-2023 01:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FORTUNE BUSINESS INSIGHTS

Aircraft Communication System Market Insights 2022: Rising

The aircraft communication system market is likely to gain impetus from the introduction of various state-of-the-art technologies by renowned organizations. Airborne Wireless Network (AWN), a provider of wireless communication services, for instance, is developing a high-speed communication system for delivering cost-effective wireless broadband to aircraft. This information is put forward by Fortune Business Insights™ in a recently published report, titled, "Aircraft Communication System Market Size, Share and Global Trend By Connectivity (SATCOM HF, VHF, UHF, and Data Link Communication) By System (Audio Integrating System, Communication Radios, Radio Tuning System, Cockpit Voice Recorder, and Static Dischargers) By Component (Antenna, Transponder, Receiver, Transmitter, Transceiver, Display & Processor, and Others), By Platform (Fixed-Wing, Rotary-Wing), By Distribution Channel (OEM, Aftermarket) and Regional Forecast till 2026." The report further mentions that the aircraft communication system market size was USD 915.5 million in 2018 is projected to reach USD 1,688.0 million by 2026, exhibiting a CAGR of 7.95% during the forecast period.

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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-communication-system-market-102541

Fortune Business Insights™ presents a list of all the organizations present in the aircraft communication system market. They are as follows:

Cobham Plc
General Dynamics Corporation
Thales Group
Harris Corporation
Honeywell International Inc.
Iridium Communications Inc.
L3 Technologies, Inc.
Lockheed Martin Corporation
Northrop Grumman Systems Corporation
Raytheon Company
Rohde & Schwarz GmbH & Co KG
United Technologies Company
Viasat, Inc.
Other prominent companies
Drivers & Restraints-

Increasing Number of Aircraft Deliveries to Propel Growth

The number of aircraft deliveries is upsurging day by day, which, in turn, is boosting the aircraft communication system market growth. Airbus S.A.S., for instance, announced that it is planning to deliver around 863 commercial jets by the end of 2019. The high demand for aircraft is further propelling the need for static dischargers, cockpit voice recorder, aircraft antenna, and audio integrating systems.

Moreover, the ever-increasing demand for regional jets, commercial aviation, and military helicopters is likely to contribute to the market growth in the coming years. It would occur because of the rising need for aircraft antennas. These are also required for next-generation, innovative aircraft programs. However, creating a strong communication system in the aircraft involves a lot of investment. It may hinder the market growth.

Segment-

Communication Radios Segment to Lead Backed by their High Usage in Aircraft

Based on system, the market is grouped into static dischargers, cockpit voice recorder, a radio tuning system, communication radios, and audio integrating systems. Out of these, the communication radios segment is anticipated to generate the largest aircraft communication (ACARS) market share in the coming years. This growth is attributable to the extensive utilization of communication radio in business jets, military aircraft, and commercial aircraft. The audio integrating system segment is set to showcase considerable growth stoked by their usage in integrating audio from cockpit services.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/aircraft-communication-system-market-102541

Highlights of This Report

Elaborate information about the aircraft communication system market trends, obstacles, and growth drivers.
Detailed research on the companies operating in the market and the strategies adopted by them to surge sales.
In-depth data regarding all the segments in the market.
Information on the competitive landscape, including new product launches, collaborations, partnerships, investments, mergers and acquisitions.
Regional Analysis-

North America to Remain at Forefront Fueled by Rising Air Traffic

Geographically, the market is categorized into Asia Pacific, Europe, North America, and the rest of the world. Amongst these, North America held USD 340.5 million in terms of aircraft communication system market revenue in 2018 and it would lead throughout the forecast period. It is likely to occur because of the rising demand for UAVs and higher traffic in developed countries, such as Canada and the U.S., respectively. Apart from these, the presence of numerous renowned organizations, namely, Lockheed Martin Corporation, Harris Corporation, and Northrop Grumman Systems Corporation in this region would spur growth.

The Asia Pacific, on the other hand, is projected to grow at a fast pace in the near future on account of the increasing usage of 3D printed aircraft antennas and UAVs in China. Coupled with this, supportive aviation policy from the governments of several countries and the rising number of investments by private companies would skyrocket demand in this region.

Competitive Landscape-

Key Players Focus on Signing Contracts to Gain Competitive Edge

The market is highly fragmented and hence, is competitive. They are signing agreements or contracts with other reputed enterprises to offer them unique products. Some of the companies are also striving to gain approvals from the government bodies for their products. Below are a couple of the latest vital industry developments:

January 2019: Boeing and Cobham recently signed an agreement for the certification of the latter'sAVIATOR 200S system present in Boeing 737 MAX and 777X airplanes. AVIATOR provides a robust, lighter, and smaller sitcom solution to airlines.
October 2019: Viasat Inc., a communications company headquartered in the U.S., bagged approval for its business aviation Ka-band in-flight connectivity (IFC) system for the Gulfstream G280™ airframe. It was approved by the Federal Aviation Administration.
Speak to Analyst:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/aircraft-communication-system-market-102541

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.

Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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