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 Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
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
Talking to each other in the sky! Aircraft communication lets planes chat with each other and with folks on the ground. Nowadays, using satellites instead of ground systems to guide and watch over planes has given the aircraft communication business a real boost. Tech-savvy companies in this field are embracing new toys like fancy radio systems, clever ways to control traffic by predicting where planes will be, and wireless wizardry. This market is huge, with businesses of all sizes playing a part. The big guys are spending big bucks on research and development to cook up cutting-edge communication systems for both passenger and military planes.
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Global Aircraft Communication Market Overview
People are spending more and more money, and they're also choosing to fly more often because it's safer and they have more money to spend. This is creating a huge demand for aircraft communication systems, which help people use their electronic devices on planes and save energy. Another reason for the growing market is that more and more people are traveling and shipping goods around the world. Finally, defense agencies in different countries are using aircraft communication systems for security reasons. All of these factors are contributing to the rapid growth of the aircraft communication market.
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
Imagine you're in the market for some fancy communication gear for your aircraft. You'll find a wide range of options depending on how you want to connect. First up, there's SATCOM. This is your go-to for chatting via satellite, whether you need to make a call or send data. It's like a personal cell phone for your plane, but way cooler. If you're looking for a reliable connection at long distances, High Frequency is your best bet. It's been around for a while but still does the trick. Next, we have Very High Frequency. This one's great for shorter distances, like staying connected with air traffic control or other nearby aircraft. Ultra-high Frequency is another winner for staying in touch during flights. It's commonly used in commercial planes, private jets, and smaller aircraft. Now, if you're all about that data, Data Link Communication is the way to go. This system is getting a big boost as airlines upgrade their avionics and cockpit communication systems. Finally, there are the "Others." They might not be as flashy, but they still get the job done. So, which one's right for you? Well, it depends on your specific needs. Whether you're crossing oceans or just cruising around the country, there's a communication option that will keep you connected.
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
By System
By Connectivity
By Geography
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
Human-Friendly VersionMarket Insight We'll break down the market into different groups based on their similarities (economic and non-economic factors). Then, we'll show you how much each group is worth (in billions of US dollars). Growth Potential We'll point out which part of the market is growing the fastest and which one is likely to be the biggest. Regional Breakdown We'll show you how people in different regions use the product or service, and discuss what's driving the market in each region. Who's Who in the Market We'll give you a list of the top players in the market, and tell you about their latest products, partnerships, and acquisitions.
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