Stratview Research has announced a new report on the Aircraft Communication System Market. According to the report, the market was estimated at USD 2.3 billion in 2021 and is projected to grow at an impressive CAGR of 6.3% during 2021-2026 to reach USD 3.2 billion in 2026.

Market Segmentation

The Aircraft Communication System Market is segmented by Platform Type (Military Aircraft, Commercial Aircraft, and Government Aircraft), by Aircraft Type (Manned Aircraft and Unmanned Aircraft), by Sub-Platform Type (Civil Manned {Large Aircraft, Light Aircraft, Very Large Aircraft, and Helicopter}, Military Manned {Fighter Aircraft, Transport Aircraft, and Helicopter}, and UAV {HALE, MALE, Tactical, Small Tactical, and Nano/Micro/Mini}), by Application Type (Civil Manned {Voice, Datalink, and Emergency}, Military Manned {Voice/Data, Emergency, and Sensor Data}, and UAV {Voice, C2 Datalink, and Sensor Data Downlink}), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Based on the platform type, the market is segmented as commercial aircraft, military aircraft, and government aircraft. As commercial aircraft face a momentary hurdle due to the pandemic, the military aircraft segment is likely to remain relatively unflinching. Early signs of healing are discernible – The lift of FAA’s B737max grounding order (Nov. 2020) and Airbus’ highest delivery figures (Oct. 2020), since before the onset of the pandemic. The commercial aircraft segment to fuel the market in the long term, logging the fastest recovery, owing to strong order backlogs of 12,498 (Airbus: 7,377 and Boeing: 5,121) aircraft as of October 2020.

Based on the aircraft type, we have segmented the market as manned aircraft and unmanned aircraft. Manned aircraft are expected to remain the dominant segment in the market, whereas unmanned aircraft to heal at a faster pace during the forecast period. Several new policies and procedures by the FAA are underway to address and accommodate the growing need for unmanned aircraft in civil aerospace, creating a pool of opportunities within the unmanned aircraft segment in the long run.

All regions are anticipated to mark grave declines in 2020. With the strong presence of leading players, North America and Europe are expected to hold the largest chunk of the market during the forecast period. The USA is likely to assert an undeniable dominance globally. Asia-Pacific is expected to take the fastest path towards healing, with the highest long-term CAGR, rapidly moving uphill in the long term. Other key factors likely to cause a stir in the region’s market are the opening of assembly plants of Boeing and Airbus in China and the upcoming indigenous aircraft program (C919). India is the new growth engine, actively developing policies to welcome companies willing to move away from China.

How stakeholders can benefit from this report –

This report covers a thorough analysis of the following segments:

-        Aircraft Communication System Market Dynamics.

-        Supply & Demand Value Chain.

-        Aircraft Communication System Market Current Trends/Issues/Challenges.

-        Competition & Companies involved.

-        Effecting Technology.

-        Aircraft Communication System Market Drivers and Restraints.

Market Drivers

The aircraft communication system market is bolstered by several factors. Here are a few key drivers:

• Growing demand for new aircraft: Boeing foresees demand for >41,000 new airplanes by 2041, and Airbus predicts emerging economies to represent 50% of new-aircraft demand over the next 20 years. Such increasing numbers are driving the need for advanced communication systems to improve safety and efficiency.
• Increasing Air Traffic: According to IATA, international traffic reached 152.7% of the 2021 levels in 2022. As air traffic continues to grow, communication systems need to be more efficient to handle the increased demand for aircraft communications.
• Technological Advancements: Advances in technology are driving the development of more advanced communication systems, such as satellite-based communication, which offer improved performance and reliability.
• Government Regulations: Government regulations regarding safety and performance standards for aircraft communication systems are driving the need for more advanced and reliable communication systems.
• Cost Savings: Advanced communication systems can provide cost savings for airlines by improving operational efficiency, and safety, and reducing delays. For instance, Inmarsat's SB-S system can reduce airlines’ overall communication costs while improving safety, efficiency, and reliability. Also, the service can reduce operational costs and increase efficiency by eliminating the need for expensive hardware and software installations.

Research Methodology

The report provides a thorough analysis that reflects today’s Aircraft Communication System Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.

Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players

The following are the key players in the Aircraft Communication System Market.

• Honeywell International, Inc.
• Cobham plc.
• Collins Aerospace (Rockwell Collins)
• L3Harris Technologies, Inc.
• Thales Group, etc

Report Customization Options

With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:

-        Company Profiling -Detailed profiling of additional market players (up to three players)

-        Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement or any further query related to the report, please send your inquiries to sales@stratviewresearch.com. You may also connect with our market experts at  +1-313-307-4176.