Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "Aircraft Communication System - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Aircraft Communication System estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$9.2 Billion by 2030, growing at a CAGR of 9.7% over the analysis period 2022-2030.
SATCOM, one of the segments analyzed in the report, is projected to record a 10.3% CAGR and reach US$3.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Data Link segment is readjusted to a revised 9.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 9% CAGR
The Aircraft Communication System market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 8.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR.
Select Competitors (Total 46 Featured) -
- Cobham PLC
- General Dynamics Corporation
- Harris Corporation
- L3 Technologies, Inc.
- Northrop Grumman Corporation
- Raytheon Company
- Rockwell Collins, Inc.
- Rohde & Schwarz GmbH & Co. KG
- Thales Group
- ViaSat, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 246 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.4 Billion |
| Forecasted Market Value (USD) by 2030 | $9.2 Billion |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Aviation Communication
- Historical Timeline of Aircraft Communication System
- Communication Radios
- Audio Integrating System
- Cockpit Voice Recorder System
- Product Segments Defined
- SATCOM
- VHF/UHF/L-Band
- HF Communication
- Data Link
- Avionics in Aviation
- Aircraft Communication System: Market Dynamics
- Data Link Communication Segment Leads with Significant Share
- US Dominates the Global Aircraft Communication System Market
- Aircraft Communication System - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Satellite Based Navigation System Driving Growth
- Adapting to Challenging Conditions: Need of the Hour for Superior Aircraft Connectivity for Passengers
- Select Advanced Communication and Connectivity Solutions from Aviation Experts
- IPv6 and Avionics
- Wireless Technology in Aviation: The Challenges
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4ricly
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