Title: Aircraft Communication System Market – Growth Opportunities and Challenges 2017-2024
1Aircraft Communication System Market Analysis,
Trends, Growth and Forecast To 2024
2Aircraft 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.
3Aircraft 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.
4Aircraft 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.
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6Aircraft 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.
7U.S. Aircraft Communication System Market, By
Product, 2016 2024, (Units)
8Aircraft 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.
9Competitive 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.
10Aircraft 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.
11Chapter 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
12Chapter 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
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14Industry Coverage
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