Global Aircraft Communication System Market to Reach USD 5.2 Bn in 2022, Expects M&M in Its New Research Study Published at MarketPublishers.com16 Jan 2018 • by Natalie Aster
LONDON – From 2017 to 2022, the global market for aircraft communication systems is anticipated to gain momentum at a rapid pace, registering a 11.02% CAGR; in value terms, this market is expected to increase from USD 3.08 billion to USD 5.2 billion.
The major market growth drivers include remarkable technological advancements, expanding adoption of software-defined radios for satellite communication, rising number of novel aircraft deliveries worldwide, amid others. Furthermore, elevating demand for the next-generation Internet Protocol (IP)-based communication systems will likely open lucrative growth opportunities for the aircraft communication systems market.
Regionally, the biggest share of the world’s aircraft communication system market is held by the North American region. Robust growth in this regional market is spurred by rising disposable income and increasing middle-class population, increasing air passenger traffic and an uptake in the number of new aircraft deliveries in the region.
Meantime, the APAC aircraft communication system market is predicted to register the highest CAGR through 2022, fueled by the escalated demand for new aircraft in the region.
New topical research report “Aircraft Communication System Market by Product Type, Component, End User, Platform, Region - Global Forecast to 2022” prepared by MarketsandMarkets (M&M) is a great source of trustworthy information on the global market for aircraft communication systems covering the market structure, landscape, historical development patterns, present scenario and possible future development trends. It provides a detailed market analysis at different geographical levels, features the market dynamics, examines the main market growth stimulating and restraining factors, includes a snapshot of new product launches and recent developments in the aircraft communication system market. A comprehensive analysis of the market segmentation based on components, product types, end-users and platforms with vital details on size, shares and growth rates is provided in the report. Moreover, the research report highlights the emerging growth opportunities, includes info on the competitive environment and the most prominent market participants. A future outlook through to 2023 is available in the report, too.
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