Growth in the recent five years is primarily driven by two major factors, such as rise in demand for aircrafts and increase in demand for SATCOM technologies in the global aviation sector.
The global aircraft communication system market accounted to US$7,475.4 Mn in 2017 and is expected to grow at a CAGR of 9.4% during the forecast period 2017 – 2025, to account to US$15,375.1 Mn by 2025.
According to a new market research study titled 'Aircraft Communication Systems Market to 2025 - Global Analysis and Forecasts by Types, Components, and Aircraft Types?, the global aircraft communication systems market was valued at US$ 7112.0 Mn in 2016 and is estimated to reach US$ 15,375.1 Mn by 2025. The report highlights the trends prevalent in the global aircraft communication systems market and the factors driving the market along with those that act as deterrents to its growth.
The global aviation sector is witnessing a huge demand for modern aircrafts in both commercial as well as military aviation. Attributing to the fact that, the disposable income in the developing countries is increasing substantially, the need for air travel is also increasing at the same pace. On a global scenario, commercial air traffic is foreseen to maintain a constant growth over the period, despite of various challenges faced by the commercial airlines. However, the challenges are succeeded by the rise in passenger numbers across the globe. The low cost carriers (LCC) in the developed economies as well as developing economies are turning the revolution by offering low fare business models which is increasing the demand for air travel among the upper middle class and middle class society of developing nations.
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A detailed SWOT analysis of Aircraft Communication System Market provides strategic intelligence on Strengths and weaknesses of key players operating in this market, Category and country prospects for growth, Challenges and intimidations from current competition and future growth prospects, Global and regional market positions.
Leading key market players mentioned in the report:- Cobham Plc., Harris Corporation, Rockwell Collins, Raytheon Corporation, Honeywell International Inc., Viasat Inc., Thales Group, L-3 Technologies Inc., Northrop Grumman Corporation, and General Dynamics Corporation among others.
What the report features:-
- Global analysis of Aircraft Communication System Market from 2017 – 2025 illustrating the progression of the market.
- Forecast and analysis of Aircraft Communication System Market by Dosage, Route of Administration and Application from 2017 – 2025
- Forecast and analysis of Aircraft Communication System Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
Worldwide Aircraft Communication System Market 2025 research report conveys industry business patterns and the undertaking information, tolerating one to grasp clients and the stock driving gainfulness and yield development. The report highlights information on improvements and Global Aircraft Communication System Market trends, drivers, revenue and furthermore available. The market report pulls in the most peculiar bits of knowledge of this business additionally makes Aircraft Communication System forecast that is important out there. It accompanies estimations concerning the Aircraft Communication System advancement, subordinate and draws in the distinguishing proof of their industry status.
The growth of market for aircraft communication systems is promising during the forecast period from 2017 to 2025, pertaining to various factors such as significant investment is being made to design and develop robust avionics for commercial aircrafts as well as military aircrafts, increase in modernization and retrofit activities among the defense forces and commercial airlines across the globe. Furthermore, strategic partnerships and mergers among the industry participants is a trend that is likely to boost the growth of the market for global aircraft communication systems over the period. The major factor boosting the market growth is the increasing demand for enhanced communication and navigation systems in the aerospace industry, owing to substantial growth of commercial air traffic worldwide.
Aircraft Communication System Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2019 – 2025, considering 2019 as the base year and 2019 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
The report segments the global aircraft communication systems market as follows:
Global Aircraft Communication Systems Market - By Types
Global Aircraft Communication Systems Market - By Components
Display & Processor
Global Aircraft Communication Systems Market - By Aircraft Types
Global Aircraft Communication Systems Market - By Geography
Asia Pacific (APAC)Japan
Middle East & Africa (MEA)Saudi Arabia
Rest of MEA
South America (SAM)Brazil
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