Global value
2018: $1.6 billion
2025: $2.9 billion
Market drivers
- Passenger demand for connectivity
- Increased commercial aircraft production
- Wireless technology innovation
- Signal transmission system investment
- Regulatory policies to replace outdated systems
- Enhancing travel safety, averting accidents
Growth segments
SATCOM systems – Aircraft, weather monitoring; government/military data, voice communication
>8% CAGR 2019-2025
Antennas – Constant air-to-ground signal transmission; multiple types, sizes based on application
>6.5% CAGR 2019-2025
Major players
- Collins Aerospace
- Harris Corp.
- Honeywell Aerospace
- Iridium Communications Inc.
- L3 Technologies
- Lockheed Martin
- Northrop Grumman Corp.
- Raytheon
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