The market of Aircraft Communications is anticipated to grow at a significant CAGR during forecast period. Aircraft communication is used to send and receive voice between aircraft or between aircraft and the ground. The transition of aviation communication systems from ground-based navigation surveillance to satellite-based navigation surveillance has aided the market’s growth. The majority of Aircraft Communication Market providers use advanced technologies such as VHF radio systems, 4D trajectory air traffic management, and wireless communication technologies.
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The market demand will be fuelled by rising consumer expenditure and a growing preference for air travel due to increased safety and discretionary money. Connected tools in aeroplane communication play an increasingly important role as technology evolves, allowing centralised access to many electronic devices and taking a proactive approach to energy conservation. The increased demand for logistics and travel around the globe is another factor boosting the Aircraft Communication Market. At the same time, different nations’ defence agencies use aeroplane communication systems for security and other reasons. These are the primary factors driving the global expansion of aircraft communication.
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The advancement of aviation electronics, displays, and management control systems to improve aviation safety contributes to the market’s expansion. Aircraft communication has reduced airborne accidents drastically, creating a demand for it. Furthermore, the increased use of satellite-based navigation systems to reduce flight duration and traffic congestion is predicted to boost the global market’s growth. It also reduces altitude loss while crossing tracks, reduces delays, and provides quick, direct routes, all of which improve operational efficiency.
Low commodity prices, strong passenger demand, and sustained GDP growth are some of the other key drivers fuelling the product penetration over the forecast period. In addition, the Aircraft Communication Market will benefit from rising middle-class affordability, low airfares, and an improving tourism industry. High expenses associated with creating various aeroplane communication systems, on the other hand, are severely obstructing market expansion. Furthermore, the global market’s expansion is restrained by the high initial installation cost of modern technology. The increased focus on creating next-generation technology in aeroplane communication systems is likely to generate massive prospects for the global economy in the near future.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By System
o By Connectivity
- Competitive Landscape: Raytheon Company, Northrop Grumman Systems Corporation, Lockheed Martin Corporation, Rohde & Schwarz GmbH & Co KG, General Dynamics Corporation and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Aircraft Communication Market- Segmentation
By System
- Audio Integrating Systems
- Communication Radios
- Radio Tuning Systems
- Others
By Connectivity
- SATCOM
- High Frequency
- Very High Frequency
- Ultra-high Frequency
- Data Link Communication
- Others
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