Aircraft Communication System Market to offer a healthy CAGR of 12.2% during 2020-25
February 14, 2020
Aircraft Communication System Market Overview:
Aircraft communication system market is likely to witness an impressive CAGR of 12.2% during the forecast period. Increasing attention of aircraft communication system manufacturers on the advancement and integration of next-generation technologies in their systems is expected to drive the growth of the global aircraft communication system market. Further, the shift of airlines from ground-based navigation surveillance to satellite-based navigation surveillance is also significantly influencing the growth of the market, during the forecast period.
Aircraft communication systems employ analog voice signals and digital data for communication between pilots, crew members, and passengers during flights. These systems are also used for various communications between different aircraft. Aircraft communication systems are used to secure communication between aircraft and ground stations and vice-versa.
Report Overview:
This new report from Stratview Research analyses the Aircraft Communication System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Communication System Market Segment Insights:
Transceiver: The growth engine
Based on the component type, the market is segmented as transponders, transceivers, antennas, transmitters, receivers, displays & processors, and others. The transceiver segment is estimated to register the highest growth during the forecast period.
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Dominance of: SATCOM and OEM
Based on the product type, the market is segmented as SATCOM, VHF/UHF/L-Band, HF Communication, data link, and others. The SATCOM segment was expected to remain dominant in 2018. Of late, satellite communication (SATCOM) is normally offered by various communication centers that interconnect ground-based communication facilities with appositely equipped aircraft. This communication service is rendered through either a relay of radio calls by radio operators or automatic call connecting to phone lines directed through a telephone gateway.
Based on the end-user type, the market is segmented as original equipment manufacturer (OEM) and aftermarket. The OEMs segment was estimated to lead the market in 2018. As a part of the process in the aviation industry, aircraft are manufactured and delivered to the airlines with the aircraft communication systems already installed in them. Thus, the original equipment manufacturers (OEMs) are accountable for the installation of communication systems in an aircraft, which in turn, is driving the growth of this segment.
A highly/moderately/fragment consolidated Market
Some of the major players in the aircraft communication system market are Cobham plc, General Dynamics Corporation, Honeywell International Inc., Harris Corporation, Iridium, L3 Technologies, Northrop Grumman Corporation, The Raytheon Company, and Thales Group.
Regional Hegemony of North America
In terms of regions, the North American region was expected to remain dominant in the aircraft communication system market in 2018, as the region is proximal to several leading players of the market, which comprises, Northrop Grumman, Rockwell Collins, The Raytheon, Honeywell International Inc., and Curtiss-Wright, among a host of others. North America is estimated to continue its dominance during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
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