Airborne SATCOM Market Overview, Key Players, Trends and Forecast to 2025

1
According to the new market research report
"Airborne SATCOM Market by Platform (Commercial
Aircraft, Military Aircraft, Business Jets,
Helicopters, UAVs), Application (Government
Defense, Commercial), Installation 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. 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). Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.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.
2
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. 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. Ask for Sample Report
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