Market Share of Aircraft Communication Systems Industry
The aircraft communications systems market is semi-consolidated, with several players holding significant shares. Prominent players in the market include Honeywell International Inc., Northrop Grumman Corporation, Thales Group, L3Harris Technologies Inc., and General Dynamics Corporation. Innovation is crucial for players to gain a competitive edge over their rivals and ensure sustainability.
For instance, in January 2023, Northrop Grumman Corporation was awarded a contract worth USD 464.4 million by the Air Force Life Cycle Management Center to provide support for the E-11A aircraft program. The contract is scheduled to be completed by January 2028. As per the terms of the contract, Northrop will provide Battlefield Airborne Communications Node E-11A (BACN E-11A) platform maintenance and main operating base contractor logistics support establishment.
Vendors in the market focus on designing, engineering, and manufacturing high-performance communication systems for aircraft. As a result, the market is directly affected by economic factors and trends that impact the aerospace industry, including the possible consolidation of the market through backward integration activities of aircraft original equipment manufacturers (OEMs).
Aircraft Communication Systems Market Leaders
L3Harris Technologies, Inc.
Honeywell International Inc.
General Dynamics Corporation
Northrop Grumman Corporation
THALES
*Disclaimer: Major Players sorted in no particular order
