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Key Companies Profiled are 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., and Other prominent players.
The globalaircraft communication system marketsize is likely to gain impetus from the introduction to 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 the aircraft. This information is put forward byFortune 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 and 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 wasUSD 915.5 millionin 2018 is projected to reachUSD 1,688.0 millionby 2026, exhibiting aCAGR of 7.95%during the forecast period.
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Drivers and 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 system.
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 investments. It may hinder market growth.
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
List of Key Companies Operating in the aircraft communication system market. They are as follows:
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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, 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.
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 high air traffic in the 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.
Asia Pacific, on the other hand, is projected to grow at a fast pace soon 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.
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