Definitions, segmentations, and various classifications of the industry, applications of the industry, and chain structure are given in the Aircraft Communication System Market report presented by Stratview Research. Past, present, and future scenarios of the Aircraft Communication System Market in key regions, and industry policies and news are mentioned in this newly launched report.
Market Insights
The aircraft communication system market recorded a massive downturn of 25% YoY in 2020. However, the market is likely to move parallelly with the industry’s rebound and experience a gradual increase in demand from 2021 onwards, taking the market to the pre-pandemic period and translating to sales worth US$ 3.2 billion in 2026.
Aircraft communication system account for ~20% share of the total avionics equipment market. With increasing ACARS volume and rapidly evolving customer needs, there have been ceaseless developments in the communication systems market ranging from wireless communication equipment to surging use of data link and SATCOM-based communications.
Though the market efficiently dodged the B737max grounding debacle in 2019, the rapid spread of the pandemic in 2020 hit the market like a bolt out of the blue, bringing in sudden changes in the business, and disconcerting the entire industry.
Nevertheless, the long-term scenario still seems lucrative, backed by strong industry fundamentals coupled with the stakeholders’ unmatched ability to strive through the crisis.
Other key factors fueling the growth of the market, in the long run, are-
- rebounding commercial aircraft fleet size,
- aging aircraft fleet size,
- increasing aircraft and engine ACARS data,
- rapidly evolving requirements and system upgrades.
Why buy this report?
The report provides an in-depth analysis of the Aircraft Communication System Market including critical market information and valuable insights which are of high value to the companies, enabling them to know and understand the growth strategies and other opportunities in the market. The report also aims at answering the following key questions –
· What is the current and future potential of Aircraft Communication System Market?
· How will the COVID-19 pandemic impact the market?
· How are other crucial market factors changing the market dynamics?
· When is the recovery expected from the pandemic?
· Which segments offer high-growth opportunities in the long run?
· How fierce is the market competition?
· What are the key emerging trends?
· What are the strategic growth opportunities and key success factors?
Linchpins in the Aircraft Communication System Market –
To provide detailed information on the competitive landscape, this report includes detailed profiles of the Aircraft Communication System Market key players. For each player, product details, price, and gross and revenue numbers are also mentioned. Here is a list of the major key players, that are mentioned in the Aircraft Communication System Market report -
- Honeywell International, Inc.
- Cobham plc.
- Collins Aerospace (Rockwell Collins)
- L3Harris Technologies, Inc.
- Thales Group, etc
Region-wise analysis
The report sheds light on the locations or region-wise details of the Aircraft Communication System Market. Also, Aircraft Communication System Market industry growth in various regions and R&D status are also covered such as:
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.
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.
Several important topics included in the Aircraft Communication System Market research report are as follows:
· Aircraft Communication System Market Overall Overview
· Aircraft Communication System Market Competition by Manufacturers, Type and Application
· Aircraft Communication System Market by Volume, Value and Sales Price
· Aircraft Communication System Market Manufacturers Analysis
· Aircraft Communication System Market Technology and Development Trend
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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