Growth in the commercial air planes owing to increasing air passenger travel is the key factor driving the aircraft communication system market growth over the study time-frame. Rising consumer spending along with increasing preference towards air travel owing to superior safety and increasing disposable income will further fuel the market demand. Airliners are engaged in introducing low-cost carriers with expanded network routes, enabling consumers to travel across multiple destinations at reduced rates. They are constantly focusing on reducing the flight rates further enhancing the passenger preference for air travel supporting the product demand. Increasing air traffic along with stringent government regulations regarding air safety will further boost industry growth.
Seattle, WA -- (SBWIRE) -- 12/03/2019 -- The increasing demand for Internet Protocol (IP) -based broadband drives the demand for data-links such as L-DACS and IRIS SATCOM to cater to the aeronautical communication requirements of different types of aircraft. It provides broadband wireless data connectivity to airports to support airport operations and ensure efficient air navigation services for airlines. Moreover, the use of commercial off the shelf technology in aircraft communication systems is expected to fuel the growth of the aircraft communication system market across the globe during the forecast period.
The SATCOM product type segment of the aircraft communication system market is projected to witness significant growth during the forecast period. Moreover, the use of software-defined radios for satellite communication in the aerospace industry is expected to drive the growth of aircraft communication system market between 2017 and 2027.
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Based on component, the transponder segment is projected to lead the aircraft communication system market during the forecast period from 2017 to 2027. The growth of this segment of the market can be attributed to the increasing use of transponders for communicating with different types of aircraft to ensure effective air traffic control and safety. Transponders ensure air-to-air data exchange between TCAS-equipped aircraft so that coordinated and complementary resolution advisories can be issued, whenever required.
Based on platform, the military aircraft segment of the aircraft communication system market is projected to grow at the highest CAGR during the forecast period. The growth of this segment of the market can be attributed to continuous advancements in digital electronics and increased number of manufacturers of surveillance, communication, and navigation systems. New aircraft of different sizes that are being presently manufactured across the globe have digital glass cockpits while the existing aircraft are retrofitting digital avionics to replace their analogue instrumentation and radio navigation equipment.
The North American region is expected to lead the aircraft communication system market during the forecast period. The growth of the North America aircraft communication system market can be attributed to the high disposable income of the middle-class population of the region, which, in turn, has led to rise in air travel in the region. This has further fuelled the growth of the air passenger traffic in the North American region, thereby leading to increase in the number of new aircraft deliveries.
Major companies profiled in the aircraft communication system market report are Rockwell Collins, Northrop Grumman, Honeywell, and Raytheon, among others.
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