Aircraft Communication System Market – Growth Opportunities and Challenges 2017-2024

1
Aircraft Communication System Market Analysis,
Trends, Growth and Forecast To 2024
2
Aircraft Communication System Industry Background

• Increasing defense budget of multiple countries
  is another factor positively impacting the
  aircraft communication system market growth. This
  has led to increased production of military
  aircrafts, escalating the revenue generation.
  High profit margin of the industry players owing
  to rising number of orders for helicopters and
  military aircrafts will result in increased
  deployment of these advanced communication
  systems which in turn will further strengthen the
  aircraft communication system market penetration.
  
• Manufacturers, particularly from developed
  regions including North America and Europe are
  focusing on growth opportunities from the
  international markets. Moreover, they are
  developing long term contracts with the OEMs,
  inducing immense potential to the aircraft
  communication system market size. Weight
  reduction of the overall system along with
  versatility for multiple usage is the primary
  focus of the industry participants. Shifting
  trend towards replacing the conventional
  communication systems with advanced counterparts
  has also gained prominence.

3
Aircraft Communication System Industry By Product

• SATCOM will dominate the aircraft communication
  system market, capturing over 35 of the volume
  share over the next eight years owing to
  provision of benefits such as efficiency in air
  traffic management and superior communication.
  Moreover, its extensive usage in military
  aircrafts will strengthen the product penetration
  due to their increasing orders. This high demand
  of military aircrafts due to rising defense
  budgets across the globe will further support the
  aircraft communication system market growth.
• HF communication systems will exhibit at over
  7.5 CAGR from 2017 to 2024 owing to regular
  innovations in the product coupled with provision
  of efficient communication over long distance
  routes.

4
Aircraft Communication System Industry Overview

• Increasing implementation of advanced
  technologies coupled with growing aviation
  industry will primarily drive the aircraft
  communication system market size. Multiple
  developing countries in the world are witnessing
  an increase in air passenger traffic owing to
  affordable prices. This has resulted in
  substantial rise in aircraft deliveries from
  various manufacturers, further propelling the
  industry growth over the next eight years.
• Military aircrafts will account for maximum
  aircraft communication system market share
  accounting for over 64,000 units till 2024 owing
  to rising implementation of SATCOM and other
  advanced technologies in these aircrafts.
  Increasing demand for fighter jets with
  multi-functional capabilities such as ground and
  air attack systems will further support its
  dominance. Commercial aircrafts will pose more
  than 3.5 CAGR owing to growing aviation sector
  across the globe.

5

Latest Research Report On Aircraft Communication
System Market _at_ https//www.gminsights.com/industr
y-analysis/aircraft-communication-system-market
Request for a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/2329
6
Aircraft Communication System Industry By
Component

• Transponders will account for more than USD 640
  million in the aircraft communication system
  market by the end of 2024. High revenue
  generation can be attributed to provision of
  precise information about the aircraft such as
  aircraft identification and barometric altitude.
  Moreover, advantages such as maintaining proper
  communication with on-ground ATC systems has led
  to its wide implementation in military and
  commercial aircrafts.
• Aircraft communication system market from
  receiver is projected to grow significantly,
  exhibiting over 6.5 CAGR till 2024. Tuning of
  the receiver for capturing exact signals and
  filtering of the undesired signals will primarily
  drive their demand.

7
U.S. Aircraft Communication System Market, By
Product, 2016 2024, (Units)

8
Aircraft Communication System Industry By Region

• North America aircraft communication system
  market is expected to hold over 35 of the
  revenue share over the forecast timeframe. This
  can be credited to the presence of established
  aerospace industry leaders along with rising
  deployment of advanced communication systems in
  prominent aircrafts across the region. Rising
  defense expenditure of the developed countries
  including U.S. will further contribute towards
  regions dominance.
• Asia Pacific aircraft communication system market
  will grow rapidly, exhibiting a CAGR of over 6
  over the coming years. Increasing aircraft
  deliveries has led to high demand for these
  systems, primarily supporting the regional growth.

9
Competitive Aircraft Communication System
Industry Share

• L3 Technologies, Harris Corporation, Thales,
  Cobham Plc, Lockheed Martin, and Raytheon are
  among the noticeable players. Other prominent
  participants in aircraft communication system
  market include Viasat Inc., General Dynamics,
  Honeywell Aerospace, Northrop Grumman
  Corporation, and UTC Aerospace Systems.
• Industry participants are adopting mergers and
  acquisitions as their prominent strategy to
  strengthen their foothold. For instance, in May
  2014, Cobham completed the acquisition of a
  manufacturer of communication systems, Aeroflex
  to expand its product portfolio and enhance its
  visibility.

10
Aircraft Communication System Industry
Distribution Channel

• OEMs will account for over 90 of the revenue
  share in the aircraft communication system market
  owing to high deployment of these systems for
  safety, maintenance and air traffic control.
  Moreover, competitors are entering into long-term
  supply agreements with OEMs, further providing
  stable growth prospects.
• Shifting trend towards replacement of components
  including transceivers, transmitters, etc. will
  primarily drive the growth of aftermarket
  segment. Frequent enhancements in these
  communication systems is another factor
  responsible for the substantial aircraft
  communication system market growth over the
  coming years.

11
Chapter 1 Methodology Scope

• 1.1 Methodology
• 1.1.1 Initial data exploration
• 1.1.2 Statistical model and forecast
• 1.1.3 Industry Insights and validation
• 1.1.4 Definitions, assumptions forecast
  parameters
• 1.2 Data sources
• 1.2.1 Secondary
• 1.2.2 Primary

12
Chapter 2 Executive Summary

• 2.1 Aircraft communication system industry
  3600 synopsis, 2013 - 2024
• 2.1.1 Business trends
• 2.1.2 Product trends
• 2.1.3 Component trends
• 2.1.4 Aircraft trends
• 2.1.5 Distribution channel trends
• 2.1.6 Regional trends

13
Browse Full TOC _at_ https//www.gminsights.com/toc/d
etail/aircraft-communication-system-market

14
Industry Coverage

15
Stay In Touch Website www.gminsights.com Soci
al Media