Aircraft Communication System Market To Reach USD 7.8 Billion By 2027 | CAGR 9.5% - Forencis Research

Global Aircraft Communication System Market: Key Highlights

• According to the new market research report “Aircraft Communication System Market by Communication Technology (HF, VHF, SATCOM, Others), by Component (Antenna, Transponder, Transmitter, Microphones, Other), by System (Audio Integrating System, Communication Radio, Radio Tuning System, Cockpit Voice Recorder System, Others), by Aircraft Type (Single Aisle Aircraft, Twin Aisle Aircraft, Business and General Aviation, Others), by Sales Channel (OEM, Aftermarket), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast (2019 to 2027)”, the global aircraft communication system market is estimated to reach USD 7.8 Billion by 2027 at a CAGR of around 9.5% during the review period.
• Increasing demand for aircraft, adoption of satellite based navigation, demand for software defined radios are few key factors among others driving the demand for aircraft communication system.
• However, availability issue of radio spectrum remains a major restraining factor for the growth of the aircraft communication system market.

Global Aircraft Communication System Market: Key Market Dynamics

• Growing adoption of software defined radios is expected to drive the market of aircraft communication system as the software defined radios provide flexibility of working on various virtual standards and the feature of expanding the frequency range.  
• Availability issue of radio spectrum is expected to restrain the market as the radio frequency band is used for various functions and the portions of the spectrum is reserved by various entities of various countries.
• Internet Protocol (IP)-based system is expected to rise the market in near future as the new system is supported by all types of operating systems making it universal and better connectivity can be predicted.
• Data Security issue is expected to challenge the market growth as the data sent using wireless technology is prone to cyber-attacks which may lead to data leakage.

Global Aircraft Communication System Market: Regional Overview

• Asia-Pacific

The aircraft communication system market in Asia-pacific is expected to increase with fastest growth rate. Due to increasing adoption of air travel, improving standard of living of the population of this region are few factors compelling the growth of the aviation industry in the region. Moreover, according to forecast predicted by the International Air Transport Association (IATA), Asia Pacific region may have largest share in the air traffic and out of five leading growing markets, four will be from the Asia-Pacific region.

• North America

Aircraft communication systems market is predicted to show notable growth in North America. Owing to the presence of the various aircraft manufacturers in the region the demand for the communication systems may expand significantly. Boeing, Bombardier Inc., Lockheed Martin Corp., are few of the manufacturers, having business in the region. Moreover, the aircraft manufacturers are partnering with the component suppliers for continuous supply of the products, such strategic associations may increase the demand of the aircraft communication systems in the region.

Global Aircraft Communication System Market: Key Players Overview

• Honeywell International Inc.:

Honeywell International Inc. is the US- based multinational company engaged in the production of commercial products, various engineering services and aerospace systems. The company portfolio is categorized as aircraft, buildings, cybersecurity, industrial, and workers. The company provides Datalink Aeronautical Operational Control Flight Tracker, VHF Data Link (VDL) Mode 2 Radios, Primus VHF, GPS Receivers, and other products related to aircraft and satellite communication. In 2019, the company introduced Mission Communications Terminal (MCT) satellite communication controller which will enhance the connectivity of the helicopters.

• Cobham Limited:

Cobham Limited is the UK-based global company engaged in the technological domain, providing services and solutions for space, air, land, and maritime sector. The main business of the company is classified as advanced electronic solutions, aviation services, communication and connectivity, and mission systems. In communication and connectivity, the firm caters aerospace communication and SATCOM related products and services. In January 2020, the company launched Titan line of digital aircraft audio management products to provide modern functionality to helicopters and turboprop.    

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