Global Aircraft Communication System Strategic Business Report 2023: Satellite Based Navigation Systems Driving Growth


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 AttributeDetails
No. of Pages246
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$4.4 Billion
Forecasted Market Value (USD) by 2030$9.2 Billion
Compound Annual Growth Rate9.7%
Regions CoveredGlobal

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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Global Market for Aircraft Communication System

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