Airborne SATCOM Market Size, Share, System, Analysis and Forecast to 2025 - PowerPoint PPT Presentation

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Airborne SATCOM Market Size, Share, System, Analysis and Forecast to 2025

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The airborne SATCOM market size is projected to grow from $5.8 billion in 2019 to $7.8 billion by 2025, at a CAGR of 5.1% from 2019 to 2025. – PowerPoint PPT presentation

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Title: Airborne SATCOM Market Size, Share, System, Analysis and Forecast to 2025


1
According to the new market research report
"Airborne SATCOM Market by
(Commercial Military Aircraft,
Platform Aircraft, Business UAVs),
Jets, Helicopters,
Application Defense, Installation
(Government Commercial),
Type, Component, Frequency (Ka-band, Ku-band),
and Region - Global Forecast to 2025", The
airborne SATCOM market size is projected to grow
from USD 5.8 billion in 2019 to USD 7.8 billion
by 2025, at a CAGR of 5.1 from 2019 to 2025.
The market is driven by factors such as the
growing fleet of commercial and combat
aircrafts, increasing long-haul flights and
passenger traffic, and demand for customized
SATCOM on-the-move solutions. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id264493465 Based on the
application, the commercial segment is projected
to lead the airborne SATCOM market during the
forecast period. Based on application, the
commercial segment is expected to lead the market
from 2019 to 2025. The growth of this segment
can be attributed to the increasing demand for
enhanced passenger experience. Major airlines
such as Alaska Airlines, Southwest Airlines,
Delta Airlines, and American Airlines are opting
for the latest in- flight entertainment systems
to enhance the passenger experience. Based on
installation type, the new installation segment
is projected to lead the airborne SATCOM market
during the forecast period. Based on installation
type, the market is projected to be led by the
new installation segment from 2019 to 2025. The
growth of this segment can be attributed to the
deployment of advanced airborne SATCOM systems
across commercial and military applications and
increasing demand for new commercial aircraft
orders from Asia Pacific and Europe. Aircraft
manufacturers and airlines across the globe are
focusing on integrating newer generation
airborne platforms to enhance situational
awareness and passenger experience. The
commercial aircraft segment is projected to lead
the airborne SATCOM market from 2019 to
2025. Based on platform, the commercial aircraft
segment led the market from 2019 to 2025. The
growth of this segment can be attributed due to
factors such as increasing air travel, a rise in
disposable income of the middle-class population,
and increased international trade and tourism
across the globe.
2
Asia Pacific is projected to be a high growth
potential market for Airborne SATCOM systems
during the forecast period. The airborne SATCOM
market in Asia Pacific is projected to grow at
the highest CAGR during the forecast period.
Countries such as China, India, Japan, South
Korea, and Australia are considered under this
region. The aviation industry is growing at a
significant pace in the Asia Pacific region, due
to the increasing passenger traffic. The growth
in passenger traffic has resulted in increased
demand for new aircraft in the region, which is
anticipated to boost the airborne SATCOM market
during the forecast period. The market in Asia
Pacific is also expected to be driven by economic
growth in countries such as India and China.
Increasing disposable income of the middle-class
population in these countries has contributed to
the growth in international tourism and air
passenger traffic. These factors are expected to
impact the aviation industry, and thereby fuel
the airborne SATCOM market in this region. In
2019, Honeywell launched a new SATCOM system for
Chinas Airline, offering fast and reliable
in-flight Wi-Fi connectivity. In 2017, the
Australian Defense Force (ADF) awarded a
contract worth USD 174 million to Northrop
Grumman Corporation to provide the most advanced
satellite systems and increase communication
coverage, capacity, and connectivity of
Australian defense troops. Key Market
Players Major players in the airborne SATCOM
market are Aselsan AS (Turkey), Thales Group
(France), Collins Aerospace (US), General
Dynamics Corporation (US), Cobham Limited (UK),
Honeywell International Inc (US), and Gilat
Satellite Networks (Israel). Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id264493465 About
MarketsandMarkets MarketsandMarkets provides
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platform, "Knowledgestore" connects over 200,000
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