Press Release / Aircraft Communication System Market
Aircraft Communication System Market to Exhibit a CAGR of 8.8% from 2024 to 2032; Intelsat Got a New Contract from the U.S. Air Force Research Laboratory to Create Multi-orbit Satellite Communications (SATCOM) Systems
June 26, 2024 | Aerospace & DefenseThe global aircraft communication system market size was valued at USD 15.90 billion in 2023. The market is projected to grow from USD 17.12 billion in 2024 to USD 33.51 billion by 2032, exhibiting a CAGR of 8.8% during the forecast period.
Fortune Business Insights™ presents this information in its report titled “Aircraft Communication System Market Size, Share & Industry Analysis, By Component (Antenna, Transponder, Receiver, Transmitter, Transceiver, Display & Processor, Radio Tuning Unit, Software Defined Radio (SDR), and Others), By System (Radio Communication, Passenger Address System, Interphone Communication System, Cockpit Voice Recorder, and Others), By Connectivity (SATCOM, VHF/UHF/L Band, HF, and Data Link), By Fit Type (Line Fit and Retro Fit), By Platform (Fixed-wing [Commercial Aircraft (Narrow Body, Wide Body, Regional Transport Aircraft, Business Jets, General Aviation), Military Aircraft (Fighter Aircraft, Transport Aircraft, Special Mission Aircraft) ], Rotary-wing [Commercial Helicopter, Military Helicopter], and Unmanned Aerial Vehicles (UAV) [Fixed Wing UAV, Rotary Wing UAV, Hybrid VTOL UAV]), and Regional Forecast, 2024 - 2032”.
The aircraft communication system also referred to as aircraft communication (ACARS), includes a subsystem and an electronic component. The surging demand for wireless aircraft communication systems and satellite-based navigation systems in the aviation industry is set to bolster market expansion.
The market was heavily impacted by the Russia/Ukraine war, which resulted in delayed manufacturing and price hikes in aviation components. The war generated an escalating requirement for reliable communication, which spurred the demand for technologically advanced tamper-proof communication systems.
Intelsat Received a New Contract to Build Multi-orbit Satellite Communications (SATCOM) Systems
In February 2024, Intelsat announced that it had received a new contract from the U.S. Air Force Research Laboratory for the testing and development of multi-orbit satellite communications (SATCOM) systems on different Air Force aircraft. The company aims to provide commercial customers, NGOs, and government with secure yet seamless satellite-enabled communications with the help of managed services and a next-generation global network.
Deployment of Software-defined Radio for Satellite Communication to Aid Market Expansion
Software-defined Radio (SDR) is a radio communication hardware system that is deployed to carry out radio operations over aircraft computing platforms, including avionics and flight control systems. It helps to boost the efficiency of radio communication systems in the aviation sector. The market is estimated to gain heavy demand for software-defined radio fueled by its accuracy in providing the pilot with precise information about the aircraft.
Despite such opportunities for aircraft communication system market growth, the prohibitive development cost may impede market expansion.
Leading Players Prioritize Bagging Contracts to Enhance Their Position
The aircraft communication system market is witnessing the incorporation of many competitive strategies by top companies to outshine the competition. Collaborations, product innovations, and capacity expansions are a few of them. Some prominent companies also emphasize getting huge contracts to strengthen their position.
List of Key Players Profiled:
- Cobham Plc (U.K.)
- General Dynamics Corporation (U.S.)
- Thales Group (France)
- Harris Corporation (U.S.)
- United Technologies Company (U.S.)
- Honeywell International Inc. (U.S.)
- Iridium Communications Inc. (U.S.)
- l3harris technologies (U.S.)
- Lockheed Martin Corporation (U.S.)
- Northrop Grumman Systems Corporation (U.S.)
- Raytheon Company (U.S.)
- Rohde & Schwarz GmbH & Co KG (Germany)
- Viasat, Inc. (U.S.)
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/aircraft-communication-system-market-102541
Key Industry Development
- April 2024: BAE Systems announced that it has received a contract worth nearly USD 459 million from the U.S. Department of Defense. This deal is for buying repair services, technical/engineering/logistic assistance, and components for the AN/ARC-231/A Multi-mode Aviation Radio Suite.
Further Report Findings:
- North America’s market was valued at USD 5.26 billion in 2023 and is slated to occupy the largest aircraft communication system market share during the forecast period. This is on account of the robust presence of prominent players in the region, including Northrop Grumman Systems Corporation, Lockheed Martin Corporation, and Harris Corporation.
- By fit type, the market is divided into retro fit and line fit. The line fit segment holds a prominent position in the market, propelled by technological innovations in aircraft antennas and communication radios in the military and commercial aviation sectors.
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Unit | Value (USD Billion) |
Growth Rate | CAGR of 8.8% from 2024 to 2032 |
Segmentation | By Component
|
By System
| |
By Connectivity
| |
By Fit Type
| |
By Platform
| |
By Region
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- 2019-2022
- 200
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