Airborne SATCOM Market worth $7.8 billion by 2025 - PowerPoint PPT Presentation

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Airborne SATCOM Market worth $7.8 billion by 2025

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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. – PowerPoint PPT presentation

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Title: Airborne SATCOM Market worth $7.8 billion by 2025


1
According to the new market research report
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 aircraft, increasing long-haul flights
and passenger traffic, and demand for customized
SATCOM on-the-move solutions. Leading SATCOM
equipment/system manufacturers are also coming
up with advancements in SATCOM equipment used in
commercial aircraft, military aircraft, and
UAVs. Download PDF Brochure _at_ https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id264493465 Base
d on platform, the commercial aircraft segment of
the airborne SATCOM market is projected to grow
at the highest CAGR during the forecast
period. Based on platform, the commercial
aircraft segment is projected to lead the market
from 2019 to 2025. The growth of this segment can
be attributed to the demand for new aircraft,
owing to the rise in air passenger traffic and
the replacement of aging aircraft. Thus,
expansion of the aviation industry has led to an
increase in demand for new aircraft, which, in
turn, is projected to drive the demand for
airborne SATCOM systems. Based on application,
the commercial segment is expected to lead the
airborne SATCOM market from 2019 to 2025. Based
on application, the commercial segment is
expected to lead the market from 2019 to 2025.
An increase in long-haul flights and passenger
traffic is driving the commercial airborne
SATCOM market. Based on component, the
transceivers segment is expected to lead the
airborne SATCOM market from 2019 to 2025. Based
on component, the transceiver segment is
projected to lead the market from 2019 to 2025.
SATCOM transceivers allow two-way communication
using a single device. The invention of
transceivers has led to the The airborne SATCOM
market in Asia Pacific is projected to grow at
the highest CAGR from 2019 to 2025. Based on
region, the airborne SATCOM market in Asia
Pacific is projected to grow at the highest CAGR
during the forecast period, due to due to the
increasing passenger traffic. The growth in
passenger traffic has resulted in increased
demand for new
2
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
of international tourism and air passenger
traffic. These factors are expected
fueling the Airborne Satellite
to impact the aviation industry, thereby
Communication market in this region. Key Market
Players
Major players in the airborne SATCOM market are
Aselsan AS (Turkey), General Dynamics
Corporation (US), Cobham Limited (UK), Gilat
Satellite Networks Ltd (Israel), Collins
Aerospace (US), and Thales Group (France). These
players have adopted various growth strategies
such as contracts, acquisitions, expansions, new
product launches, and partnerships agreements
to expand their presence in the airborne SATCOM
market. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id264493465
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