Aircraft Communication System Market – Growth Opportunities and Challenges 2017-2024 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Aircraft Communication System Market – Growth Opportunities and Challenges 2017-2024

Description:

More Information @ Aircraft Communication System Market size was valued at over USD 815 million in 2016 and is projected to cross USD 1.3 billion in 2024. – PowerPoint PPT presentation

Number of Views:8

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Aircraft Communication System Market – Growth Opportunities and Challenges 2017-2024


1
Aircraft Communication System Market Analysis,
Trends, Growth and Forecast To 2024
2
Aircraft 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.

3
Aircraft 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.

4
Aircraft 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.

5

Latest Research Report On Aircraft Communication
System Market _at_ https//www.gminsights.com/industr
y-analysis/aircraft-communication-system-market
Request for a sample of this research report
_at_ https//www.gminsights.com/request-sample/detail
/2329
6
Aircraft 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.

7
U.S. Aircraft Communication System Market, By
Product, 2016 2024, (Units)

8
Aircraft 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.

9
Competitive 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.

10
Aircraft 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.

11
Chapter 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

12
Chapter 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

13
Browse Full TOC _at_ https//www.gminsights.com/toc/d
etail/aircraft-communication-system-market

14
Industry Coverage

15
Stay In Touch Website www.gminsights.com Soci
al Media
About PowerShow.com