The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Communication System Market.
It was estimated prior to this unanticipated outbreak that the Aircraft communication system market was likely to witness an impressive CAGR of 12.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. Increasing attention of aircraft communication system manufacturers on the advancement and integration of next-generation technologies in their systems is expected to drive the growth of the global aircraft communication system market. Further, the shift of airlines from ground-based navigation surveillance to satellite-based navigation surveillance is also significantly influencing the growth of the market, during the forecast period.
Aircraft communication systems employ analog voice signals and digital data for communication between pilots, crew members, and passengers during flights. These systems are also used for various communications between different aircraft. Aircraft communication systems are used to secure communication between aircraft and ground stations and vice-versa.
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Aircraft Communication System Market Segment Insights:
By Product Type:
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.
By End-User Type:
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.
By Region:
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.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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