Stratview Research has published a new research report on the ‘Aircraft Communication System Market’. This report covers the top regions countries of the world and shows a region-wise development status, including market size, shares, revenue, opportunities, and strategies to enhance growth across the globe. This report provides a 5-year pre-historic and future forecast for the segment and a comprehensive overview of the global market size.

Aircraft Communication System Market: Report Highlights

The aircraft communication system market was estimated at USD 2.3 billion in 2021 and is projected to grow at an impressive CAGR of 6.3% during 2021-2026 to reach USD 3.2 billion in 2026.

Market Segments’ Analysis

Based on the platform type, the market is segmented as commercial aircraft, military aircraft, and government aircraft. As commercial aircraft face a momentary hurdle due to the pandemic, the military aircraft segment is likely to remain relatively unflinching. Early signs of healing are discernible – The lift of FAA’s B737max grounding order (Nov. 2020) and Airbus’ highest delivery figures (Oct. 2020), since before the onset of the pandemic. The commercial aircraft segment to fuel the market in the long term, logging the fastest recovery, owing to strong order backlogs of 12,498 (Airbus: 7,377 and Boeing: 5,121) aircraft as of October 2020.

Based on the aircraft type, we have segmented the market as manned aircraft and unmanned aircraft. Manned aircraft are expected to remain the dominant segment in the market, whereas unmanned aircraft to heal at a faster pace during the forecast period. Several new policies and procedures by the FAA are underway to address and accommodate the growing need for unmanned aircraft in civil aerospace, creating a pool of opportunities within the unmanned aircraft segment in the long run.

All regions are anticipated to mark grave declines in 2020. With the strong presence of leading players, North America and Europe are expected to hold the largest chunk of the market during the forecast period. The USA is likely to assert an undeniable dominance globally. Asia-Pacific is expected to take the fastest path towards healing, with the highest long-term CAGR, rapidly moving uphill in the long term. Other key factors likely to cause a stir in the region’s market are the opening of assembly plants of Boeing and Airbus in China and the upcoming indigenous aircraft program (C919). India is the new growth engine, actively developing policies to welcome companies willing to move away from China.

Key Players

The supply chain of this market comprises raw material manufacturers, distributors, and users. Some of the key players in the Aircraft Communication System Market are-

• Honeywell International, Inc.
• Cobham plc.
• Collins Aerospace (Rockwell Collins)
• L3Harris Technologies, Inc.
• Thales Group, etc

Why invest in this report?

The report provides critical insights into the market dynamics and enables strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints,
• Market Trend and Forecast Analysis
• Market segment trend and Forecast
• Competitive landscape and dynamics: Market share, Product portfolio, new product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Key success factors

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About Stratview Research:

Stratview Research is a trusted global market intelligence and strategic consulting firm providing an inclusive range of services to multiple clients across a wide array of industries. The team of veterans and analysts have extensive experience in executing custom research projects for mid-sized to fortune companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, and more.