Global Aircraft Communication Market Size Poised to Exceed $16.78 Billion by 2030 with a Remarkable CAGR of 9.40% | Skyrocketing Growth

New York, NY, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Aircraft Communication Market: By System (Audio Integrating Systems, Radio Tuning Systems, And Communication Radios), By Connectivity (SATCOM, Very-High Frequency, And High-Frequency), And By Region - Global And Regional Industry Overview, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Aircraft Communication Market size & share in terms of revenue was valued at USD 8.21 billion in 2022 and it is expected to surpass around USD 16.78 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 9.40% during the forecast period 2023 to 2030.”

What is Aircraft Communication? How big is the Aircraft Communication Industry?

Aircraft Communication Report Coverage & Overview:

Aircraft communication serves as the conduit through which aircraft crews establish connections with both other aircraft and personnel on the ground to convey essential information. Its purpose is to ensure the smooth functioning of aircraft operations both in the air and on the ground. Additionally, aircraft communication plays a pivotal role in reducing the likelihood of airborne collisions. Notably, this form of communication relies on electronic elements and diverse subsystems. It encompasses the integration of radio tuning mechanisms, static discharge controls, audio integration systems, cockpit voice recording, and communication radios.

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Global Aircraft Communication Market: Growth Dynamics

The global market landscape is set to be influenced by an upsurge in demand for VHF communication and satellite communication.

The proliferation of software-defined radio in aircraft, particularly for satellite-based communication, has notably catalyzed the expansion of the global aircraft communication market. A multitude of vendors are embracing innovative technologies like VHF radio systems, air traffic management systems, and wireless communication systems, driving the projected growth of the aircraft communication market in the coming years. The proliferation of drones, their increased production and incorporation across various sectors for tasks such as monitoring, navigation, and surveillance, has significantly bolstered the worldwide popularity of aircraft communication services.

Key aircraft manufacturers are shifting their focus towards advanced systems, such as commercial off-the-shelf solutions, UAV communications, and IP version 6 systems. These strategic moves are poised to steer the trajectory of global aircraft communication market trends. Simultaneously, heightened investments in research activities aimed at developing technologically sophisticated communication tools are poised to stimulate market growth on a global scale. The introduction of new aircraft services will play a pivotal role in positively influencing the global market's expansion. An illustrative example is the July 2023 launch of the Iridium Certus® aviation commercial service by Iridium Communications Inc., a prominent provider of voice and data satellite communications. This endeavor aims to enhance aircraft voice and data capabilities while elevating overall aircraft connectivity standards.

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Report Scope

Aircraft Communication Market: Segmentation Analysis

The global aircraft communication market is sectored into system, connectivity, and region.

In system terms, There are three distinct submarkets that make up the global market for aviation communication: communication radios, audio integrating systems, and radio tuning systems. In addition to this, it is expected that the communication radios category, which held over 36% of the global market share in 2022, will record the largest gains in the years that are to come. It is possible that an increase in the usage of communication radios in military and defence aircraft, commercial aircraft, and business aircraft will be the driving force behind the expansion of this market segment over the next several years. According to what has been reported, these goods make use of high-frequency and very high-frequency transceivers, which are employed for operations involving long-range voice transmission.

Based on connectivity, SATCOM, high-frequency, and very-high-frequency communication are the three sub-industries that make up the overall aircraft communication market. In addition to this, the SATCOM segment, which accounted for a notable portion of the global industry share in 2022, is poised to achieve segmental domination in the years that will follow. It's possible that the widespread use of satellite-based voice and data communication services in the aviation industry was the driving force behind the segment's rise during the course of the evaluation period.

The global Aircraft Communication market is segmented as follows:

By System

• Audio Integrating Systems
• Radio Tuning Systems
• Communication Radios

By Connectivity

• SATCOM
• Very-High Frequency
• High-Frequency

Browse the full “Aircraft Communication Market: By System (Audio Integrating Systems, Radio Tuning Systems, And Communication Radios), By Connectivity (SATCOM, Very-High Frequency, And High-Frequency), And By Region - Global And Regional Industry Overview, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/aircraft-communication-market

Competitive Landscape

Some of the main competitors dominating the global Aircraft Communication market include - 

• SARIA International GmbH
• Becker Avionics
• Rohde & Schwarz GmbH & Co KG
• Cobham Plc
• Raytheon Company
• L3 Technologies Inc.
• Northrop Grumman Systems Corporation
• Viasat Inc.
• Lockheed Martin Corporation
• Rockwell Collins
• CUONICS GmbH
• United Technologies Company
• Thales Group
• General Dynamics Corporation
• Elbit System
• B&E Antec Company
• Harris Corporation
• Airbus SE
• BAE Systems
• Iridium Communications Inc.
• Elmako GmbH & Co.KG
• Honeywell International Inc

Key Insights from Primary Research:

• As per the analysis shared by our research analyst, the global aircraft communication market is projected to expand annually at the annual growth rate of around 9.40% over the forecast timespan (2023-2030)
• In terms of revenue, the global aircraft communication market size was evaluated at nearly $8.21 billion in 2022 and is expected to reach $16.78 billion by 2030.
• The global aircraft communication market is anticipated to record massive growth over the forecast period owing to the growing use of software-defined radio in aircraft for satellite-based communication.
• In terms of system, the communication radios segment is slated to register the fastest CAGR over the analysis period.
• On the basis of connectivity, the SATCOM segment is predicted to dominate the segmental surge over the forecast period.
• Region-wise, the European aircraft communication market is projected to register the highest CAGR during the assessment timeline.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Aircraft Communication industry?
• What are the main driving factors propelling the Aircraft Communication Market forward?
• What are the leading companies in the Aircraft Communication Industry?
• What segments does the Aircraft Communication Market cover?
• How can I receive a free copy of the Aircraft Communication Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By System, By Connectivity, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

During the period from 2023 to 2030, North America is poised to solidify its dominant stance within the global market.

In the previous year of 2022, North America held a significant share, accounting for half of the worldwide aircraft communication market. This region is forecasted to maintain its lead throughout the projected period. The market's growth in this geographical area can be attributed to the escalating number of travelers, resulting in heightened air traffic particularly in countries like the United States. Furthermore, the presence of key industry players within nations such as the U.S. and Canada will contribute to shaping the regional market dynamics. Strategic collaborations among major market entities in these countries will further invigorate the regional market momentum. As an illustration, an impactful partnership was formed in April 2022 between L3 Harries Technologies, a significant U.S.-based firm specializing in commercial and military avionics, and OEM Services SAS, a French enterprise providing aircraft maintenance, repair, and logistics support. This alliance aims to deliver aircraft communication and surveillance systems to end-users, thereby elevating the growth trajectory of the North American market.

Across Europe, the aircraft communication industry is anticipated to record the highest Compound Annual Growth Rate (CAGR). This growth can be attributed to increased budget allocations for military aircraft and drones, specifically for military operations, by nations including Russia, France, Ukraine, the UK, Italy, Denmark, Spain, and Estonia. Moreover, the augmented utilization of GPS antennae in helicopters, particularly in the UK for enhancing search and rescue missions, will act as a driving force for industry expansion in the continent. The surge in the deployment of Unmanned Aerial Vehicles (UAVs) for commercial applications will also play a pivotal role in bolstering regional industry growth in the forthcoming years.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Aircraft Communication Market: Prospects

The increasing adoption of IP systems has opened up fresh avenues for expansion in the worldwide market.

The rising utilization of advanced IP technologies is set to offer novel growth prospects for the global aircraft communication market. Take, for instance, AeroMacs Communications, an advanced IP system employed to guarantee secure flight operations. Furthermore, the growing use of these advanced IP tools has bolstered the profits of IP network service providers. All these aforementioned factors are poised to create new opportunities for growth in the global market.

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