Press release
Communication Solutions for the Skies: Innovations in Aircraft Communication Systems Keyword Market Share, Growth Forecast 2024 - 2031
The global aircraft communication systems market is witnessing significant growth, owing to growing commercial aviation industry worldwide. The increasing air passenger traffic has compelled airlines to induct new aircraft into their fleet. According to Airbus, the world will need around 39,000 new commercial aircraft by 2038. This is expected to drive the demand for advanced aircraft communication systems during the forecast period. Moreover, shifting focus toward modernizing existing aircraft with sustainable and autonomous technologies will further aid in market growth until 2031. Introduction of innovative solutions like AI-powered wireless aircraft communication systems and cloud-connected cabin management will open new revenue sources for market players.Aircraft Communication Systems Market Drivers
Growing demand for commercial aircrafts is driving the aircraft communication systems market
The growing demand for air travel is driving original equipment manufacturers to increase their production of new commercial aircrafts. This is positively impacting the demand for advanced aircraft communication systems that are needed to support the growing fleet of commercial aircrafts. Major aircraft OEMs like Airbus and Boeing have huge order backlogs for new aircrafts and this presents a strong growth opportunity for avionics manufacturers to supply state-of-the-art communication systems for these new aircrafts.
Increasing upgrades of existing systems is fueling aftermarket opportunities
Many existing aircrafts still have older generation communication systems that are being upgraded to receive latest technologies. The advances in aircraft communication technologies is necessitating mid-life upgrades of systems to existing fleets. This is generating aftermarket opportunities for retrofitting new avionics solutions into aircrafts that are still in operation. The need to comply with new regulatory mandates aroundNextGen and SATCOM integration is also driving communication systems upgrades across mature aircraft platforms.
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Key Company Profiles:
Major players operating in the aircraft communication system market are Rockwell Collins, Inc., Northrop Grumman Corporation, Raytheon, Thales Group, Honeywell international Inc., and the manufacturers of different types of aircraft communication systems are Harris Corporation, Cobham Plc., General Dynamics Corporation, L3 Technologies, and Iridium.
This Report lets you identify the opportunities in Aircraft Communication Systems Market by means of a region:
⦿ North America (the United States, Canada, and Mexico)
⦿ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⦿ Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⦿ South America (Brazil etc.)
⦿ The Middle East and Africa (North Africa and GCC Countries)
Aircraft Communication Systems Market Restrain
High costs associated with development and certification
Developing new avionics solutions for aircraft communication entails huge investment in R&D and certification. Getting these systems certified by regulatory authorities like FAA and EASA involves rigorous testing and documentation which makes the certification process highly expensive. This poses a major restrain for new entrants and small players to develop and certify new communication systems for aerial platforms. The high barriers to entry protects existing large avionics manufacturers but limits innovation in this industry.
Aircraft Communication Systems Market Opportunity
Emergence of IoT applications for connected aircraft operations
The concept of connected aircraft is gaining traction with operators looking for IoT enabled solutions to remotely monitor aircraft systems, streamline fleet logistics and enhance MRO effectiveness. This presents a major market opportunity for communication system providers to offer new hardware and software solutions that support real-time aircraft connectivity and data exchange. Developing IoT platforms that integrate with avionics will help vendors tap the upcoming opportunities around predictive maintenance, remote aircraft health monitoring and paperless cockpit technologies.
Aircraft Communication Systems Market Trends
Next-generation satellite communications becoming mainstream
One of the dominant trends reshaping aircraft communication systems is the increasing reliance on satcom technologies. Major airlines are upgrading their fleets with Ku-band and Ka-band high throughput satellite (HTS) systems to facilitate streaming of inflight entertainment and connectivity services. Manufacturers are developing new solutions optimized for civilian satellite networks like Iridium Certus and Inmarsat Global Xpress. The widespread availability of satellite bandwidth and smaller terminal sizes are opening up new potential uses of broadband connectivity for commercial and business aviation.
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Research Scope
Scope - Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics - Aircraft Communication Systems Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape - Aircraft Communication Systems Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Key questions answered in the report include:
ᗒ How Aircraft Communication Systems Market industry market will boom in 2024?
ᗒ which are prominent key players will be growing the market?
ᗒ Which enterprise size accounted for the largest data center colocation market share?
ᗒ What is the Compound Annual Growth Rate(CAGR) of the market during the forecast period (2024-2031)?
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About Coherent Market Insights
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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