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(MoneyNewsWire.Net, March 12, 2018 ) The aircraft communication system market is projected to grow from USD 3.08 Billion in 2017 to USD 5.20 Billion by 2022, at a CAGR of 11.02% from 2017 to 2022. Increasing focus of manufacturers of aircraft communication systems on the development and incorporation of next-generation technologies in their systems is expected to fuel the growth of the aircraft communication system market across the globe. Moreover, the shift of airlines from ground-based navigation surveillance to satellite-based navigation surveillance is also contributing to the growth of the aircraft communication system market across the globe. The aircraft communication system market has been segmented based on end user, product type, component, platform, and region.
Aircraft communication systems use analog voice signals and digital data for communication between pilots, crew members, and passengers during flight. These systems are also used for communication between different aircraft. Aircraft communication systems are used to establish communication between aircraft and ground stations and vice-versa.
Browse Market Data Tables and In-Depth TOC of the Aircraft Communication System Market to 2022 @ https://www.researchcosmos.com/reports/global-aircraft-communication-system-market-analysis-and-forecast-to-2022-growth-opportunity-asses/8268160
Based on end user, the aircraft communication system market has been segmented into Original Equipment Manufacturers (OEMs) and aftermarket. The OEMs segment is expected to lead the aircraft communication system market in 2017. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft communication systems already installed in them. Original Equipment Manufacturers (OEMs) are responsible for the installation of communication systems in aircraft.
Based on product type, the aircraft communication system market has been segmented into SATCOM, VHF/UHF/L-Band, HF communication, data link, and others. The SATCOM segment is expected to lead the aircraft communication system market in 2017. Presently, satellite communication (SATCOM) is typically offered by various communication centers that interconnect ground-based communication facilities with suitably equipped aircraft. This communication service is provided through either relay of radio calls by radio operators or automatic call connecting to phone lines through a telephone gateway.
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Based on component, the aircraft communication system market has been segmented into transponder, transceiver, antenna, transmitter, receiver, display & processor, and others. The transceiver segment of the aircraft communication system market is projected to grow at the highest CAGR during the forecast period.
The aircraft communication system market has been studied in North America, Europe, Asia Pacific, and Rest of the World (RoW). The North American region is expected to lead the aircraft communication system market in 2017 as the region is home to several leading players of the aircraft communication system market, which include Northrop Grumman, Rockwell Collins, Raytheon, Honeywell, and Curtiss-Wright, among others.
The high costs incurred in the development of different types of aircraft communication systems are among the key factors restraining the growth of the aircraft communication system market across the globe. Significant investments are required at different stages of the value chain of the aircraft communication system industry (especially in the R&D, manufacturing, system integration, and assembly stages).
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This report contains information on the products offered by various companies operating in the aircraft communication system market. The recent developments section of the report provides information on the strategies adopted by various companies between September 2011 and September 2017 to strengthen their position in the aircraft communication system market. The major players profiled in this report on the aircraft communication system market include Rockwell Collins (US), Northrop Grumman (US), Honeywell (US), and Raytheon (US), among others. These companies have an excellent geographic reach and distribution channels.
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