The aircraft communications system market was predicted to be US$ 62.19 billion in 2019. The annual CAGR is projected to climb by 9.2 percent between 2020 and 2027. The growing requirement for earth-watching services for tiny aircraft in various industries such as oil and gas, energy, agriculture, and military worldwide is the main driving force behind the market development. Aircraft communications are a wave beam that sends signals through an aircraft from the transmitter to the receiving antenna. The signals are amplified and returned to the surface antenna of the Earth. Another significant component in aircraft communication is the increased infrastructure for communication technologies in rural areas (SATCOM). Today, the globe is surrounded by thousands of artificial aircraft. Artificial aircraft transmit data in the form of sounds, pictures, and videos to and from single or numerous places throughout the world.
In addition, there are other breakthroughs in both the military and commercial communication aircraft, such as the expansion of tiny aircraft, the launch of reusable rocket vehicles, and low terrestrial rolling orbit (LEO). Increasingly essential to military activities world widely is military aircraft communications. The Military SATCOM providers are improving aircraft communication capabilities such as personal communications services, global broadcast service, and bandwidth frequencies to meet the military requirements of the next few years with the combination of commercial communication aircraft and military frequency bands.
Companies increasingly employ aircraft communication to system market obtain operational data to increase efficiency and implement sustainable management methods. The organizations that operate in geographically isolated areas are mostly reliant on aircraft communication, so that monitoring and monitoring of assets in real-time may be facilitated on offshore platforms and unmanned places. In addition, since numerous businesses are quite remote, it is costly to construct terrestrial networks in the cloud. These companies thus opt for the services of aircraft/mobile aircraft.
Moreover, increased applications and the implementation of artificial intelligence (AI) and IoT have opened the way for intelligent transport systems (ITS). These technologies enable car trackers to exchange and receive information immediately from freight operators. By using aircraft transport communication, the data between the vehicle and the transport hub will be transmitted seamlessly and continuously filling up the gaps in the land grids. Therefore, the use of aircraft for transport network communications, particularly logistics, offers the aircraft communications industry considerable potential prospects.
The global 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.
Highlights of This ReportElaborate information about the aircraft communication system market trends, obstacles, and growth drivers.Detailed research on the companies operating in the market and the strategies adopted by them to surge sales.In-depth data regarding all the segments in the market.Information on the competitive landscape, including new product launches, collaborations, partnerships, investments, mergers and acquisitions.
Fortune Business Insights™ presents a list of all the organizations present in the aircraft communication system market.
They are as follows:Cobham PlcGeneral Dynamics CorporationThales GroupHarris CorporationHoneywell International Inc.Iridium Communications Inc.L3 Technologies, Inc.Lockheed Martin CorporationNorthrop Grumman Systems CorporationRaytheon CompanyRohde & Schwarz GmbH & Co KGUnited Technologies CompanyViasat, Inc.Other prominent companies Drivers & Restraints-Increasing Number of Aircraft Deliveries to Propel GrowthThe 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.
