This new report from Stratview Research analyses the Aircraft Communication System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aircraft Communication System Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Communication System Market is no different. Derived from the previous market scenario, the Aircraft Communication System Market is likely to witness an impressive CAGR of 12.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
Strategic segmentation
Market Share Analysis
Aircraft Communication System Market Share: By Component Type
Based on the component type, the market is segmented as transponders, transceivers, antennas, transmitters, receivers, displays & processors, and others. The transceiver segment is estimated to register the highest growth during the forecast period.
Aircraft Communication System Market Share: By Product Type
Based on the product type, the market is segmented as SATCOM, VHF/UHF/L-Band, HF Communication, data link, and others. The SATCOM segment was expected to remain dominant in 2018. Of late, satellite communication (SATCOM) is normally offered by various communication centers that interconnect ground-based communication facilities with appositely equipped aircraft. This communication service is rendered through either a relay of radio calls by radio operators or automatic call connecting to phone lines directed through a telephone gateway.
Aircraft Communication System Market Share: By End-User Type
Based on the end-user type, the market is segmented as original equipment manufacturer (OEM) and aftermarket. The OEMs segment was estimated to lead the market in 2018. As a part of the process in the aviation industry, aircraft are manufactured and delivered to the airlines with the aircraft communication systems already installed in them. Thus, the original equipment manufacturers (OEMs) are accountable for the installation of communication systems in an aircraft, which in turn, is driving the growth of this segment.
Aircraft Communication System Market Share: By Region
In terms of regions, the North American region was expected to remain dominant in the aircraft communication system market in 2018, as the region is proximal to several leading players of the market, which comprises, Northrop Grumman, Rockwell Collins, The Raytheon, Honeywell International Inc., and Curtiss-Wright, among a host of others. North America is estimated to continue its dominance during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.