The acquirement of the latest technology by the manufacturers, deployment of advanced communication systems in the aircraft with latest communication technology to meet the demand of control towers, and the customers drive the growth of the aircraft communication system market. In addition to this, the companies are investing a lot on R&D to develop the advanced communication equipment for the commercial and military aircrafts, which are capable to transit information from far distances. These investments propel the market growth. However, high installation charges, costly equipment and background disturbance in the transmitted messages are the factors that hamper the growth of the aircraft communication system market. Furthermore, for better communication in remote locations, the demand for equipping the aircrafts with the latest SATCOM technology has opened lucrative opportunities for the key players in the market.
The technological shift to integrate advanced methods into an aircraft to improve its performance and safety enhancement has resulted in the development of onboard communication systems, such as the Aircraft Communications Addressing and Reporting System (ACARS). And over the years, the aviation industry has used the most advanced technologies for communication which has positively impacted the global aircraft communication system market.
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COVID-19 Scenario Analysis
► The outbreak of COVID-19 virus in December 2019, led to the spread of the disease in majority of the countries around the globe with the World Health Organization declaring it a public health emergency. The global impact of the pandemic can be felt almost in every sector and is expected to have significantly impacted the global aircraft communication system market.
► The aircraft manufacturers have suffered huge losses in this pandemic. The commercial aircraft manufacturing sector was hit by the pandemic as the aviation companies asked to hold the orders placed by them. While the military aircraft manufacturers were able to make profit by delivering the orders placed by various nations. For instance, Dassault Aviation delivered 20 Rafale fighter jets to India during the pandemic period. However, the adoption of the latest technology of communication is expected to boost the aircraft communication system market growth during the forecast period.
The growth of aircraft communication system market in North America is backed by the vigorous aviation infrastructure in the region. The countries in this region are mostly developed and industrial base for the manufacturers who grab the attention of the investors to invest in aircraft system and other component manufacturing sector. Furthermore, the increased investment in the field is expected to propel the growth of the market.
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Key Benefits of the Report
► This study presents analytical depiction of the aircraft communication system market along with the current trends and future estimations to determine the imminent investment pockets.
► The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
► The current market is quantitatively analyzed to highlight the growth scenario of the market.
► Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
► The report provides a detailed market analysis based on the present and future competitive intensity of the market.
The aircraft communication segment in aviation industry has witnessed huge investments in order to equip latest technological advanced communication channel in commercial and military aircrafts. In addition, it is expected that the technology would be capable to reduce aircraft accidents as the system will automatically detect any fault and inform the pilot & ground control tower. Furthermore, the development of high frequency radio ranging from 3 GHz to 30 GHz is being developed in conjunction with very high frequency radio ranging between 30 GHz to 300GHz, which are expected to propel the growth of aircraft communication system market.
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Key Market Players:
► Harris Technologies Inc.
► Boeing Company
► Raytheon
► L3 Technologie
► Iridium
► General Dynamics
► Honeywell International, Inc.
► Airbus SE
► Rockwell Collins
► Northrop Grumman
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