Global Aircraft Communication System Market: Key Highlights
Global Aircraft Communication System Market: Key Market Dynamics
Global Aircraft Communication System Market: Regional Overview
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.
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. 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 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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