The Global Airborne SATCOM market accounted for US$5.51 billion in 2018 and is expected to reach $9.80 billion by 2027 growing at a CAGR of 6.6% during the forecast period according to Research and Markets. Rise in long-haul flights and traveller traffic and raise in the number of high-throughput satellites are the major factors propelling the market growth. However, factors such as ultra-compact SATCOM terminals for tactical UAVs and need to improve passenger experience are hampering the market growth.
Airborne SATCOM series was a family of communications satellites formerly urbanized and operated by RCA American Communications. Satcom was individual of the early geostationary satellites; the first were the syncom series. Satcom was initial superseded and then replaced by the GE series of satellites. Satcom (which stands for "satellite communication") was an artificial geo-stationary satellite that facilitated wide-area telecommunications by receiving radio signals from Earth, amplifying them, and relaying them back down to terrestrial receivers.
Based on the installation, the new installation segment is likely to have a huge demand due to the use of advanced airborne SATCOM systems across commercial and military applications and growing demand for new commercial aircraft orders from Europe and Asia Pacific. Aircraft manufacturers and airlines across the globe are focusing on integrating newer generation airborne platforms to improve situational responsiveness and passenger experience.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growth in passenger traffic has resulted in improved demand for new aircraft in the region. The aviation industry is mounting at a significant pace in the Asia Pacific region, due to the rising passenger traffic.
Some of the key players profiled in the Airborne SATCOM Market include Aselsan A.S., Astronics Corporation, Cobham PLC, Collins Aerospace, General Dynamics Corporation, Gilat Satellite Networks, Harris Corporation, Honeywell International Inc., Hughes Network System, Israel Aerospace Industries, Norsat International Inc, Orbit Communication System Ltd, Raytheon Company, Thales Group and Viasat, Inc.
For more information go to: https://www.researchandmarkets.com/reports/5050833/airborne-satcom-global-market-outlook-2018
