Aircraft Communication System Market 2018 Key Players are Honeywell Aerospace, UTC Aerospace Systems, Viasat, General Dynamics, Northrop Grumman, Harris Corporation, Lockheed Martin, Raytheon, L3 Technologies, Cobham Plc, Thales

(I-TravelNewswire.Com, August 15, 2018 ) Market Overview:-

Global Aircraft Communication System Market is predicted to cross USD 1.3 billion by 2024. Rising adoption of advanced technologies along with proliferating aviation sector is primarily driving the industry. Various emerging nations are experiencing an increase in air passenger traffic due to affordable prices. This has led to increase in airplane deliveries from multiple manufacturers further boosting the industry growth rate.

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SATCOM is projected to dominate the aircraft communication system market share with over 35% over the forecast time span owing to benefits offered such as superior communication and efficient air traffic management. Moreover, high usage in military aircrafts will improve the product penetration due to rising orders. HF communication systems will pose a CAGR of 7.5% between 2017 and 2024 owing to continuous product innovations.

Top Key Players:-

The key players of global Aircraft Communication System Market are Harris Corporation, Lockheed Martin, Raytheon, L3 Technologies, Cobham Plc, Thales, Honeywell Aerospace, UTC Aerospace Systems, Viasat, General Dynamics, and Northrop Grumman Corporation.

Regional Segmentations:-

North America is forecasted to hold more than 35% of the aircraft communication system market revenue share by 2024 owing to presence of established industry participants. Increasing defense expenditure is further contributing in the regional dominance.

Asia Pacific is predicted to exhibit approximately 6% CAGR during the study period. Rising airplane deliveries has resulted in high product demand, supporting the regional growth.

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Major Points of Table Of Content:-

Chapter 4   Aircraft Communication System Market, By Product

4.1    Aircraft communication system market share by product, 2016 & 2024

4.2    SATCOM

4.3    HF

4.4    VHF

4.5    UHF

4.6    Data link communication

Chapter 5   Aircraft Communication System Market, By Component

5.1    Aircraft communication system market share by component, 2016 & 2024

5.2    Antenna

5.3    Transponder

5.4    Receiver

5.5    Transmitter

5.6    Transceiver

5.7    Display & processor

Chapter 6   Aircraft Communication System Market, By Aircraft

6.1    Aircraft communication system market share by aircraft, 2016 & 2024

6.2    Commercial aircraft

6.3    Military aircraft

6.4    Helicopters

6.5    Spacecraft

6.6    Others

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Military aircrafts are predicted to hold highest industry volume share with more than 64,000 units by 2024. This can be attributed to rising installation of SATCOM and other enhanced technologies in these air fleets. Rising demand for fighter planes combined with multi-functional capabilities will uphold its dominance. Commercial aircrafts segment will pose a CAGR 3.5% due to enhancement in aviation sector across the globe. Increasing air passenger traffic is further supporting the aircraft communication system market from 2017 to 2024.

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