Press release
Aircraft Communication System Industry Worth USD 15,375.1 Million By 2025
The Insight Partners
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In our study, we have segmented the aircraft communication systems market by types, components and aircraft types. The various types of communication systems installed on aircrafts include VHF/UHF/HF radios, data links, and SATCOM. On basis of components, the market for aircraft communication systems is segmented as antenna, transponder, transceiver, and display & processors. The aircraft types taken under consideration while formulating the report include commercial aircrafts and military aircrafts. Geographically, the market for aircraft communication systems is categorized into five strategic regions namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM)
The aircraft communication systems market is estimated to grow at a CAGR of 9.4% during the forecast period from 2017 to 2025. The market was valued at US$ 7112.0 Mn and is calculated to reach US$ 15,375.1 Mn by 2025. The aircraft communication systems facilitate in providing interaction opportunity to the airborne pilot and the ground station controller, and also among two airborne pilots. The growth of market for aircraft communication systems is majorly driven by the notable growth in air travel across the globe. The growth in air travel has increased significantly over the years due to increase in disposable income among the middle class society and upper middle class society worldwide. Moreover, reduction in travel time and increase in comfortability are also acting as growth factors for commercial aviation as well as military aviation. This is leading the aircraft manufacturers to procure more aircraft components such as communication systems, navigation systems and surveillance systems among others in order to meet the rising demand for aircraft deliveries. The global market for aircraft communication system is poised to grow over the period with technological advancements being conducted by various industry participants in order to design and develop most advanced communication systems.
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Asia Pacific region in aircraft communication systems market covers countries such as China, India, Japan and Rest of Asia Pacific. The region contributed a fair market share in 2016 and is anticipated to surge over the forecast period to generate a healthy market share by the end of 2025. The region is also expected to exhibit maximum growth rate during the forecast period from 2017 to 2025. Asia Pacific region is accountable for generating highest revenue from commercial aviation sectors, as per International Air Travel Association. Countries such as China, India, Indonesia, Vietnam among others are expected to generate tremendous growth in commercial air travel, owing to significant rise in disposable income and fall in air fares. China held the largest market share in aircraft communication systems market in 2016 and is expected to dominate the region throughout the forecast period. This is attributed to the large fleet size of commercial aircrafts as well as military aircrafts in China. India on the other hand, is anticipated to be the fastest growing region in Asia Pacific aircraft communication systems market, owing to rapid increase in aircraft procurement in military and commercial sectors.
The key players operating in the market for aircraft communication systems across the globe includes, Harris Corporation, Northrop Grumman Corporation, L-3 Technologies Inc., Rockwell Collins, Raytheon Corporation, Thales Group, Viasat Inc., Cobham Plc., Honeywell International Inc. and General Dynamics Corporation among others.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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