The Aircraft Communication System Market is likely to gain impetus from the introduction to various state-of-the-art technologies by renowned organizations.
This information is put forward by Fortune Business Insights™ in a recently published report, titled, “Aircraft Communication System Market Size, Share and Global Trend By Connectivity (SATCOM HF, VHF, UHF, and Data Link Communication) By System (Audio Integrating System, Communication Radios, Radio Tuning System, Cockpit Voice Recorder, and Static Dischargers) By Component (Antenna, Transponder, Receiver, Transmitter, Transceiver, Display & Processor, and Others), By Platform (Fixed-Wing, Rotary-Wing), By Distribution Channel (OEM, Aftermarket) and Regional Forecast till 2026.”Get Sample PDF Brochure with Impact of COVID19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-communication-system-market-102541The report further mentions that the aircraft communication system market size was USD 915.5 million in 2018 is projected to reach USD 1,688.0 million by 2026, exhibiting a CAGR of 7.95% during the forecast period.
Highlights of This ReportElaborate information about the aircraft communication system market trends, obstacles, and growth drivers.Detailed research on the companies operating in the market and the strategies adopted by them to surge sales.In-depth data regarding all the segments in the market.Information on the competitive landscape, including new product launches, collaborations, partnerships, investments, mergers and acquisitions.Drivers & Restraints-Increasing Number of Aircraft Deliveries to Propel GrowthThe number of aircraft deliveries is upsurging day by day, which, in turn, is boosting the aircraft communication system market growth.
Airbus S.A.S., for instance, announced that it is planning to deliver around 863 commercial jets by the end of 2019.
Amongst these, North America held USD 340.5 million in terms of aircraft communication system market revenue in 2018 and it would lead throughout the forecast period.
Coupled with this, supportive aviation policy from the governments of several countries and rising number of investments by private companies would skyrocket demand in this region.Competitive Landscape-Key Players Focus on Signing Contracts to Gain Competitive Edge The market is highly fragmented and hence, is competitive.