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Aircraft Communication Systems Market Estimated to Record Highest CAGR by 2028 : FMI Research

Future Market Insights has announced the addition of the “Aircraft Communication Systems Market: Global Industry Analysis and Opportunity Assessment, 2018-2028"report to their offering

 

Valley Cottage, NY -- (SBWIRE) -- 02/19/2019 -- Aircraft Communication Systems Market: Introduction

Nowadays, people are adopting commercial aviation to reduce their travel time and increase comfortability. The air traffic is increasing year by year, due to multiple airways agencies and companies around the world. Aircraft communication systems is used for voice transmission and reception between aircrafts or aircrafts and ground. The shift of aircraft communication systems from ground based navigation surveillance to the satellite based navigation surveillance has created optimistic impact on the growth of aircraft communication system market. Most of the vendors in aircraft communication system market are adopting several enhanced technologies like VHF radio system, air traffic management through 4d trajectory, and wireless communication technologies. The market for aircraft communication system is a highly adopted market, with large to medium sized enterprises operating in the field. These established companies of aircraft communication systems invest significant amount in their research and development wings in order to develop and manufacture technologically advanced aircraft communication systems for commercial aircrafts and military aircrafts.

The aircraft communication systems provides interaction opportunity to the pilot and the ground station controller, and also among two different pilots. The modernization in aircraft communication systems is also adopted by many organizations. The modernization of aircrafts includes up gradation of various components such as engine, landing gear, antennas, in-flight entertainment systems, among others.

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Global Aircraft Communication Systems Market: Drivers and Challenges

Drivers

As technology is transforming in a smarter ways, connected devices in aircraft communication systems are playing an important role by providing centralized access to multiple electronic devices, and also have a proactive approach to energy saving. The primary factor, which is driving the aircraft communication systems market is the growing demand for movement of logistics and travelling throughout the world. The growth of Aircraft Communication Systems market is boosting due to the rise in the number of traveller through airways. Whereas, defense organisations of different nations are also using aircraft communication systems for security and other purposes. These are the primary factors, which are increasing the growth of aircraft communication systems system throughout the world.

Challenges

Aircraft Communication Systems is adopted by many organizations to keep track of aircrafts. But there are some challenges, which are faced by these users. High initial investment and elongated approval period are the major challenges faced by most of the vendors in the aircraft communication system market. These are the primary factors, which are hindering the growth of aircraft communication systems market.

Global Aircraft Communication Systems Market: Segmentation

The aircraft communication systems market can be segmented into component, product type, type, and region.

Segmentation of the aircraft communication systems market by component:

Transmitter
Receiver
Transponder
Transceiver
Display & Processor
Other

Segmentation of the aircraft communication systems market by product type:

SATCOM
HF Communication
Data link
UHF/L band
Others

Segmentation of the aircraft communication systems market by type:

Commercial Aircraft
Military Aircraft

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Aircraft Communication Systems Market: Competition Landscape

Key Players

The names of the companies covered in aircraft communication systems market are: Thales Group, Raytheon Corporation, Honeywell International Inc., Northrop Grumman Corporation, General Dynamics Corporation, L-3 Technologies, Cobham Plc., Harris Corporation, and Rockwell Collins.