November 15, 2021
According to the research report titled ‘Aircraft Communication System Market Size By Product (SATCOM, HF, VHF, UHF, Data Link Communication), By Component (Antenna, Transponder, Receiver, Transmitter, Transceiver, Display & Processor), By Aircraft (Commercial Aircraft, Military Aircraft, Helicopters, Spacecraft), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, Sweden, China, Japan, India, South Korea, Australia, Singapore, Brazil, Mexico, Argentina, Peru, Chile, Colombia, Venezuela, Saudi Arabia, Israel, Egypt, Turkey, Iran, Algeria, UAE, Syria, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2025’, available with MarketStudyReport, aircraft communication system market is expected to increase during the forecast timeframe 2019-2025.
Rising customer preference for air travel and escalating aircraft deliveries are primarily driving global aircraft communication system market growth. Besides, booming international and regional tourism is augmenting the industry development, claims the study.
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Notably, manufacturers are continually spending in R&D to develop innovative technologies improving aviation communication systems. The growing use of VHF radio systems, wireless communication technologies, and 4D trajectory to control air traffic is supporting market expansion.
Government-mandated environmental rules and installation of functional communication systems in airplanes allowing companies to develop lightweight communication systems to minimize greenhouse gases emissions and replacement of old systems and strict MRO requirements are bolstering the industry growth.
Based on aircraft, global aircraft communication system industry from military segment is recording strong demand due to expanding defense budget across various economies. Necessity of upgraded and highly precise navigation systems for cross-border operations is expected to support the segmental expansion in the upcoming years.
With respect to distribution channel, aftermarket segment will experience robust growth, attributable to rising need to improve and maintain communication systems of an aircraft by upgrading damaged components such as transponders, transceivers, and antennas.
From the regional perspective, aircraft communication system market in Asia Pacific is growing at a rapid rate due to rising number of commercial aircraft deliveries and rapidly increasing air passenger traffic. Further, International Air Transport Association (IATA) claimed that Asia Pacific will account for more than half of air passenger traffic over the projection period.
Considering the competitive landscape, Viasat Inc., Honeywell Automation India Limited, Ducommun Incorporated, Rockwell Collins, Harris Corp., Thales Group, Northrop Grumman Corporation, Raytheon Company, and Cobham Limited are among the major industry players.
These companies are developing advanced communication systems such as data and voice connectivity access to widen their customer base. For instance, in April 2018, Honeywell launched its latest satellite communications system to provide cockpit safety services to pilots and improve data connectivity.