Global Aircraft Communication Market Size By System (Audio Integrating Systems, Communication Radios, Radio Tuning Systems), By Connectivity (SATCOM, High Frequency, Very High Frequency), By Geographic Scope And Forecast
Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Aircraft Communication Market Size By System (Audio Integrating Systems, Communication Radios, Radio Tuning Systems), By Connectivity (SATCOM, High Frequency, Very High Frequency), By Geographic Scope And Forecast
Aircraft Communication Market Size And Forecast
Aircraft Communication Market size was valued at USD 5.083 Billion in 2024 and is projected to reach USD 10.90 Billion by 2031, growing at a CAGR of 10.01% during the forecast period 2024-2031.
Increasing air passenger traffic, rising aircraft deliveries, and proliferating demand for internet protocol-based broadband devices to cater to several aircraft types’ communication requirements are the major factors propelling the market for aircraft communication. The Global Aircraft Communication Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Aircraft Communication Market Definition
Aircraft communication is used for voice transmission and reception between aircraft or aircraft and ground. The shift of aircraft communication systems from ground-based navigation surveillance to satellite-based navigation surveillance has positively impacted the growth of the Aircraft Communication Market. Most Aircraft Communication Market vendors adopt enhanced technologies like VHF radio systems, air traffic management through 4d trajectory, and wireless communication technologies. The market for aircraft communication is a highly adopted market, with significant to medium-sized enterprises operating in the field. These established aircraft communication systems invest substantially in their R&D wings to develop and manufacture technologically advanced communication systems for commercial and military aircraft.
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Global Aircraft Communication Market Overview
Rising consumer spending and growing preference for air travel due to superior safety and increasing disposable income will fuel the market demand. As technology is transforming in more innovative ways, connected devices in aircraft communication play an essential part by ensuring centralized access to multiple electronic devices and having a proactive approach to energy saving. The other factor driving the Aircraft Communication Market is the growing demand for logistics and traveling worldwide. At the same time, defense organizations of different nations are also using aircraft communication systems for security and other purposes. These are the primary factors increasing the growth of aircraft communication throughout the world.
The growth of the Aircraft Communication Market is influenced by the development of aviation electronics, displays, and management control systems. Aircraft communication has significantly reduced airborne accidents, which also creates demand for it. Further, the growing trend of satellite-based navigation systems in reducing flight time and difficulties in air traffic is also expected to contribute to the global market’s growth. Additionally, it minimizes altitude loss when crossing railroad tracks, offers quick, direct routings, and minimizes delays, all of which improve operational effectiveness.
Low commodity prices, strong passenger demand, and stable GDP growth are other vital factors stimulating product penetration over the study timeframe. In addition, Growing affordability in the middle class, low airfares, and the improving tourism sector will support the Aircraft Communication Market. However, the high costs associated with developing different aircraft communication significantly restrain the market growth. Additionally, the high initial installation cost of advanced technologies hinders the global market’s growth. The worldwide Aircraft Communication Market is predicted to soon benefit greatly from increased attention on creating next-generation technology in airplane communication systems.
Global Aircraft Communication Market Segmentation Analysis
The Global Aircraft Communication Market is segmented on the basis of System, Connectivity, and Geography.
Aircraft Communication Market, By System
- Audio Integrating Systems
- Communication Radios
- Radio Tuning Systems
- Others
Based on System, the market is segmented into Audio Integrating Systems, Communication Radios, Radio Tuning Systems, and Others. The communication radio segment is expected to grow fastest during the forecast period due to the increasing use of commercial aircraft, business jets, military aircraft, and others. Since it assists in integrating audio from cockpit audio services, which include interphone communication between crew members and the pilot, the audio integrating system market is expected to have substantial expansion throughout the forecast period.
Aircraft Communication Market, By Connectivity
- SATCOM
- High Frequency
- Very High Frequency
- Ultra-high Frequency
- Data Link Communication
- Others
Based on Connectivity, the market is segmented into SATCOM, High Frequency, Very High Frequency, Ultra-high Frequency, Data Link Communication, and Others. The SATCOM segment is expected to exhibit the fastest growth during the forecast period owing to the growing use of satellite voice communication and data communication services in aircraft. The Ultra-high frequency segment is projected to register significant growth during the forecast period due to its numerous applications in commercial aircraft, business jets, regional jets, and others. Due to the expanding avionics upgrades and cockpit communication systems for the air carriers, the data-link communication system will experience significant expansion.
Aircraft Communication Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Based on Regional Analysis, the Global Aircraft Communication Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Throughout the anticipated period, The Aircraft Communication Market is expected to dominate due to well-developed companies developing various innovative technologies in the region. The European Aircraft Communication Market is also likely to gain substantial market share due to new technologies and applications. APAC is expected to be the fastest-growing Aircraft Communication Market due to government initiatives to improve technologies in emerging economies and increase travelers.
Key Players
The “Global Aircraft Communication Market” study report will provide valuable insight with an emphasis on the global market including The major players in the market are Raytheon Company, Northrop Grumman Systems Corporation, Lockheed Martin Corporation, Rohde & Schwarz GmbH & Co KG, General Dynamics Corporation, Viasat, Inc., United Technologies Company, L3 Technologies, Inc., Harris Corporation, and Honeywell International Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments
- November 2021The United States Special Operations Command has given Lockheed Martin a potential eight-year, USD 250 million contract to create computer technology for aircraft that can support communications interfaces between various systems.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Aircraft Communication Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Aircraft Communication Market gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Raytheon Company, Northrop Grumman Systems Corporation, Lockheed Martin Corporation, Rohde & Schwarz GmbH & Co KG, General Dynamics Corporation, Viasat, Inc., United Technologies Company, L3 Technologies, Inc. |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled<