The rise in the number of aircraft deliveries worldwide as well as the increasing demand for satellite-based navigation systems is some of the factors driving the global aircraft communication systems market.
August, 9th 2018: The aircraft communication systems market is expected to register a CAGR of over 8% during the forecast period, as per a new report published by Mordor Intelligence, LLP. The market is expected to grow mainly owing to the rise in the number of aircraft deliveries worldwide as well as the increasing demand for the satellite-based navigation systems, which are driving the need for aircraft communication systems globally.
However, the market growth can be hampered due to availability issues regarding the correct radio spectrum. The biggest challenge for the market players is likely to be the requirement of high capital and more extended clearance periods. Furthermore, failure of ATM (Air Traffic Management) to manage traffic during peak hours is expected to be the biggest challenge for the market.
As per the market study published by Mordor Intelligence, LLP, the aircraft communication system market has been segmented and analyzed by aircraft type into commercial aircraft and military aircraft. The commercial aircraft segment is expected to register higher growth during 2018 – 2023 primarily due to the growing demand for air travel, which has forced several airlines to start new routes and procure new aircraft. With the increasing purchase of aircraft, demand for aircraft communication systems will grow simultaneously.
Furthermore, in 2017, Honeywell International Inc., one of the major players in the aircraft communication systems market, has introduced newer and technologically advanced aircraft communication systems known as satellite communication systems (Aspire 300) for cockpit safety, which may help in providing higher reliability, cost savings, and efficiency. Furthermore, the Aspire 300 may help in improving the overall safety while conducting airline operations.
Asia-Pacific is expected to witness significant growth rate due to substantial growth in the aviation sector in the region. As per the report, China and India are investing more in aircraft communication systems. Additionally, in 2018, the Indian Telecom Commission has approved a proposal for allowing wider in-flight connectivity in the Indian aviation sector. The Indian Telecom Commission has also reported that the in-flight connectivity services are likely to be launched shortly. After the implementation of these services, passengers may have the ability to use phones as well as Wi-Fi services at cruising altitudes. Moreover, since 2016, Thales Group have announced that they likely to be providing newer avionics systems on the new Boeing 737 fleet belonging to China Southern Airlines.
To know more about the coverage of the Aircraft Communication Systems Market report, click the below link:
Key Insights from the Report:
Mordor Intelligence, LLP has segmented the aircraft communication systems market based on components, aircraft type, and regional coverage.
Aircraft Communication Systems Market by Components
Aircraft Communication Systems Market by Aircraft Type
Aircraft Communication Systems Market by Region
Middle East & Africa
About Mordor Intelligence, LLP
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