Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.21 Billion | USD 16.78 Billion | 9.40% | 2022 |
FrequentlyAsked Questions
Aircraft communication is a means by which aircraft crew connects with other aircraft as well as personnel on the land for relaying key information.
The global aircraft communication market growth is owing to the rise in the production and commercialization of drones along with their use in various sectors for monitoring and navigation as well as surveillance.
According to a study, the global aircraft communication industry size was $8.21 billion in 2022 and is projected to reach $16.78 billion by the end of 2030.
The global aircraft communication market is anticipated to record a CAGR of nearly 9.40% from 2023 to 2030.
The European aircraft communication industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the allocation of funds for military aircraft and drones for military operations by countries such as Russia, France, Ukraine, the UK, Italy, Denmark, Spain, and Estonia. The rise in the use of UAVs for commercial purposes will boost regional industry growth in the upcoming years.
The global aircraft communication market is led by players such as SARIA International GmbH, Becker Avionics, Rohde & Schwarz GmbH & Co KG, Cobham Plc, Raytheon Company, L3 Technologies, Inc., Northrop Grumman Systems Corporation, Viasat, Inc., Lockheed Martin Corporation, Rockwell Collins, CUONICS GmbH, United Technologies Company, Thales Group, General Dynamics Corporation, Elbit System, B&E Antec Company, Harris Corporation, Airbus SE, BAE Systems, Iridium Communications Inc., Elmako GmbH & Co.KG, and Honeywell International Inc.
The aircraft communication market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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