About Aircraft Communication System
The global aircraft communication system market is expected to grow at a significant pace during the forecast period according to the AMA research study. This is owing to the increasing global aircraft fleet propelled by growing commercial aircraft production, increasing passenger demand for wireless connectivity propelled by rising passenger traffic, and the introduction of new regulations for the replacement of existing outdated communication systems in the aerospace industry. Moreover, rising awareness to enhance passenger safety is one of the major trends for this market which is expected to drive the demand for global aircraft communication systems during the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies in this market are focusing on developing innovative communication solutions to cater to the rising fleet of commercial and as well as military aircraft models. Moreover, the vendors in this market are also focusing on entering new aviation market segments for their own expansion. For instance, in March 2019, Honeywell made its debut in new communication technologies for the helicopters segment by launching a new Mission Communications Terminal and supplemental type certificate for the installation of the Aspire 200 SATCOM system on the Bell B429 at Helicopter Association International's Heli-Expo 2019. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Aircraft Communication System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Harris Corporation (United States), Honeywell International Inc. (United States), L3 Technologies, Inc. (United States), Raytheon Company (United States), Northrop Grumman Corporation (United Kingdom), Collins Aerospace (United States), Thales Group (France), Viasat, Inc. (United States), Cobham Limited (England), General Dynamics Mission Systems, Inc. (United States), Lockheed Martin Corporation (United States) and Iridium Communications Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aircraft Communication System market by Type (SATCOM, VHF, UHF, L-Band, HF Communication, Data Link and Others), Application (Air-to-Ground and Air-to-Air) and Region.
On the basis of geography, the market of Aircraft Communication System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Original Equipment Manufacturers (OEMs) will boost the Aircraft Communication System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Antenna will boost the Aircraft Communication System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Aircraft, the sub-segment i.e. Commercial Aircraft {Narrow-Body, Wide-Body, Very Large} will boost the Aircraft Communication System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Technological Innovation in Wireless Aviation Communication Systems and Rising Awareness to Enhance Travel Safety for Avoiding Accidents Losses
Market Growth Drivers:
Increased Global Aircraft Fleet Propelled by Growing Commercial Aircraft Production, Increased Passenger Demand for Connectivity Propelled by Rising Passenger Traffic, Introduction of New Regulatory Policies for Replacement of Outdated Avionics Communication Systems and Growing Demand for Constant Air-to-Ground Signal Transmission Propelling the Growth for Aftermarket Segment Through MRO Services
Challenges:
Malfunctioning Challenges in Radio Equipment and Ground Equipment
Opportunities:
Growing Investments for Signal Transmission Systems
Market Leaders and their expansionary development strategies
In July 2019, Harris Corporation and L3 Technologies announced the completion of their merger plan to create sixth-largest aerospace and defense contractor newly formed L3Harris Technologies Inc.
In February 2019, Northrop Grumman Corporation announced that it has been awarded an extension to the existing contract by the United States Air Force worth USD 149.6 million wherein the company will be continuing to operate and maintain battlefield airborne communication systems which involve manned and unmanned aircraft models.
Analyst View
The global market for aircraft communication systems is moderately consolidated as most of the major vendors are majorly focusing on expanding their business in order to remain competitive in the market by acquiring or merging with other existing players in this market. For instance, in June 2019, United Technologies Corporation and Raytheon Company announced a deal wherein the two of the companies will be merging-up to create a company worth USD 120 billion and that will be the largest merger in the aerospace industry till date. Furthermore, in January 2020, BAE systems has announced that it has reached a definite agreement for the proposed acquisitions of Collins Aerospace's Military GPS business and Raytheon Company's Tactical Radio business lines.
Key Target Audience
Government Agencies, Government regulatory authorities, End User Industry, Customer and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.