Aircraft Communication Systems Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Aircraft Communication Systems Market size is expected to be valued at USD 8,946.7 million in 2021 and is expected to grow at a CAGR of 9.5% from 2022-2028. The aircraft communication systems is the systems which includes components and subsystems providing air-to-ground, interphone, and cabin communications. The various airway communication systems used by the logistics, military, and defense to have a proper communication inbounded with the pilots and the air traffic control room is increasing. In addition, the customers opting to travel through the flights can enjoy the internet facilities through the airway communication systems. The most important point that creates opportunity to this market is that the airway management system has reduced the number of airborne accidents, which creates an utmost demand for the market. Further, the advancement of aviation electronics, displays and its management control systems resulted in improving the aviation safety which eventually contributes to the growth of aircraft communication market. For instance, the growing trend for the satellite-based navigation systems in reducing flight time and hurdles in air traffic is also expected to contribute to the market’s growth. Furthermore, the low commodity prices, strong automated passenger demand, and stable GDP growth are few factors to increase the global aircraft communication systems market. In addition, few more factors like the ku-based aircraft which uses 5G technology provides high speed internet connectivity and communication services, increasing affordability in the middle-class families, reasonable airfares, and the improving tourism sector will hold up the global aircraft communication system market. However, high costs for developing different aircraft communication systems are restraining the market growth. Additionally, the high installation cost of advanced technologies hinders the market’s growth. Therefore, developing next-generation technologies in aircraft communication systems is expected to create huge opportunities for the global aircraft communication systems market.

Critical Developments in Aircraft Communication Systems Market:

In July 2021, Honeywell received a technical standard order (TSO-C159) certification from Transport Canada Civil Aviation (TCCA) for its Aspire 400 Satellite Communications System. The Aspire 400 is the first and only Honeywell satcom solution to offer connectivity via Inmarsat’s Swift Broadband-Safety (SB-S) service.

In January 2020, Honeywell introduced the next generation of its Cabin Pressure Control and Monitoring System with applications in both commercial and military aircraft. This new version is all-electric, lighter-weight, and launched for business and regional aviation as well as for the military trainer-sized aircraft.