The aircraft communication system1

The aircraft
communication system market is likely to gain impetus from the introduction
to various state-of-the-art technologies by renowned organizations. Airborne
Wireless Network (AWN), a provider of wireless communication services, for
instance, is developing a high-speed communication system for delivering
cost-effective wireless broadband to the aircraft. This information is put
forward by Fortune
Business Insights™ in a recently published report, titled, “Aircraft Communication System Market Size,
Share and Global Trend By Connectivity (SATCOM HF, VHF, UHF, and Data Link
Communication) By System (Audio Integrating System, Communication Radios, Radio
Tuning System, Cockpit Voice Recorder, and Static Dischargers) By Component
(Antenna, Transponder, Receiver, Transmitter, Transceiver, Display &
Processor, and Others), By Platform (Fixed-Wing, Rotary-Wing), By Distribution
Channel (OEM, Aftermarket) and Regional Forecast till 2026.” The report
further mentions that the aircraft communication system market size was USD 915.5 million in 2018 is projected
to reach USD 1,688.0 million by
2026, exhibiting a CAGR of 7.95% during the forecast period.

Drivers & Restraints-

Increasing Number of Aircraft Deliveries to Propel Growth

The number
of aircraft deliveries is upsurging day by day, which, in turn, is boosting the
aircraft communication system market growth. Airbus S.A.S., for instance, announced
that it is planning to deliver around 863 commercial jets by the end of 2019. The
high demand for aircraft is further propelling the need for static dischargers,
cockpit voice recorder, aircraft antenna, and audio integrating system.

Moreover,
the ever-increasing demand for regional jets, commercial
aviation, and military helicopters is likely to contribute to the market growth
in the coming years. It would occur because of the rising need for aircraft
antennas. These are also required for next-generation, innovative aircraft
programs. However, creating a strong communication system in the aircraft
involves a lot of investments. It may hinder market growth.

Segment-

Communication Radios Segment to Lead Backed by their High
Usage in Aircraft

Based on system,
the market is grouped into static dischargers, cockpit voice recorder, radio
tuning system, communication radios, and audio integrating systems. Out of
these, the communication radios segment is anticipated to generate the largest aircraft
communication (ACARS) market share in the coming years. This growth is
attributable to the extensive utilization of communication radio in business
jets, military aircraft, and commercial aircraft. The audio integrating system
segment is set to showcase considerable growth stoked by their usage in
integrating audio from cockpit services.

Regional Analysis-

North America to Remain at Forefront Fueled by Rising Air
Traffic

Geographically,
the market is categorized into Asia Pacific, Europe, North America, and the
rest of the world. Amongst these, North America held USD 340.5 million in terms
of aircraft communication system market revenue in 2018 and it would lead
throughout the forecast period. It is likely to occur because of the rising demand
for UAVs and high air traffic in the developed countries, such as Canada and
the U.S., respectively. Apart from these, the presence of numerous renowned
organizations, namely, Lockheed Martin Corporation, Harris Corporation, and Northrop
Grumman Systems Corporation in this region would spur growth.

Asia
Pacific, on the other hand, is projected to grow at a fast pace in the near
future on account of the increasing usage of 3D printed aircraft antennas and
UAVs in China. Coupled with this, supportive aviation policy from the
governments of several countries and rising number of investments by private
companies would skyrocket demand in this region.

Competitive Landscape-

Key Players Focus on Signing Contracts to Gain Competitive
Edge

The
market is highly fragmented and hence, is competitive. They are signing
agreements or contracts with other reputed enterprises to offer them unique
products. Some of the companies are also striving to gain approvals from the
government bodies for their products.

Information Source: https://www.fortunebusinessinsights.com/aircraft-communication-system-market-102541