Aircraft Communication System Market Global Updates, Size, Share Estimation to 2027

Cristopher Centers

The MarketWatch News Department was not involved in the creation of this content. Sep 24, 2020 (The Expresswire) — Aircraft Communication System Market will exhibit a CAGR of 4.71% CAGR between 2019 to 2026 and reachUSD 6,050.0 million by2026, and the market value as per 2018 was USD4,220.9 million. Fortune […]

The MarketWatch News Department was not involved in the creation of this content.

Sep 24, 2020 (The Expresswire) —
Aircraft Communication System Market will exhibit a CAGR of 4.71% CAGR between 2019 to 2026 and reachUSD 6,050.0 million by2026, and the market value as per 2018 was USD4,220.9 million.

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 and Processor, and Others), By Platform (Fixed-Wing, Rotary-Wing), By Distribution Channel (OEM, Aftermarket) and Regional Forecast till 2026.”

Aircraft Communication System Market Drivers and Restraint:

Medical Services Provided in Remote Locations will Help Expand Market Size

Technology used in helicopters for healthcare emergency services have witnesses a drastic improvement in the past years in terms of medical devices such as defibrillators, HER systems, heart monitors, communication equipment, for providing a patient’s real-time data to the medical staff at the hospital. This serves as a major factor promoting the air ambulance services market growth. In addition to this, the use of air ambulance services reduces the transportation time and increases the chances of saving a life thus, adding boost to the market in the long run. This, coupled with the fact that air ambulances can provide medical aid even in remote locations is also expected to create lucrative growth opportunities for the market in the forthcoming years.

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List of Significant Manufacturers Aircraft Communication System Market are:

  • Acadian Companies

  • Air Medical Group Holdings (AMGH)

  • Air Methods

  • Babcock Scandinavian Air Ambulance

  • European Air Ambulance

  • Express Aviation Services

  • PHI Air Medical

  • REVA Inc.

Regional Analysis

North America to Remain at Forefront Fueled by Rising Air Traffic

Geographically, the market is categorized into Asia Pacific, Europe, North America, and the rest of the world. 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. It is likely to occur because of the rising demand for UAVs and high air traffic in the developed countries, such as Canada and the U.S., respectively. Apart from these, the presence of numerous renowned organizations, namely, Lockheed Martin Corporation, Harris Corporation, and Northrop Grumman Systems Corporation in this region would spur growth.

Asia Pacific, on the other hand, is projected to grow at a fast pace in the near future on account of the increasing usage of 3D printed aircraft antennas and UAVs in China. 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. They are signing agreements or contracts with other reputed enterprises to offer them unique products. Some of the companies are also striving to gain approvals from the government bodies for their products.

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Segment-

Communication Radios Segment to Lead Backed by their High Usage in Aircraft

Based on system, the market is grouped into static dischargers, cockpit voice recorder, radio tuning system, communication radios, and audio integrating systems. Out of these, the communication radios segment is anticipated to generate the largest aircraft communication (ACARS) market share in the coming years. This growth is attributable to the extensive utilization of communication radio in business jets, military aircraft, and commercial aircraft. The audio integrating system segment is set to showcase considerable growth stoked by their usage in integrating audio from cockpit services.

Someof the key industry developments in theAircraft Communication System Market Include:

November 2019 New helicopter ambulance services were launched by Gama Aviation in Scotland for expanding their air ambulance base all over the European region.

April 2019 Anthem Plc. And Air Methods expanded their partnership as a part of the in-network health coverage benefits across six states in the U.S.

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Aircraft Communication System Market Global Updates, Size, Share Estimation to 2027

COMTEX_371800821/2598/2020-09-24T07:22:14

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