Global Aircraft Antenna Market 2018-2022
About this market
The aviation industry is undergoing a technological revolution to improve flight efficiency and productivity in order to deliver a more enjoyable, comfortable, and safer experience for consumers. In-flight connectivity is one of the most important parts of flights that deliver an entertaining experience for passengers. In-flight entertainment systems have evolved into sophisticated seat-back computers loaded with multimedia content or wireless setups that stream content to the smartphone or tablet of a flyer. Therefore, the emergence of in-flight connectivity is boosting the requirement and growth of the aircraft antenna market. Technavio ‘s analysts predict the global aircraft antenna market to grow at a CAGR of close to 7 % by 2022.
Procurement of new generation aircrafts
The increase in air travel across the world, especially in APAC, is increasing the air traffic, which is ultimately rising the need to procure new generation aircraft. Many airlines are striving to capitalize on the growing demand for new generation aircraft and have devised their fleet upgrade plans. This is expected to boost the growth of the aircraft antenna market.
Design and maintenance complexities
The advent of advanced communication, navigation, and information systems has resulted in an increase in the number of antenna installations on an aircraft. The multiple connectivity options signify greater complexity and increase the possibility for the failure of an electronic system. Such uncertainties and associated maintenance complexities are expected to hinder the growth of the aircraft antenna market.
For the detailed list of factors that will drive and challenge the growth of the aircraft antenna market during 2018-2022, view our report.
The aircraft antenna market appears to be fragmented with the presence of several companies. The procurement of new generation aircrafts and the emergence of in-flight connectivity are some of the factors that are expected to positively impact the aircraft antenna market. Some of the top companies in the market are Astronics Corporation, Cobham, Gilat Satellite Networks, Honeywell International, and Harris Corporation.
‘With the presence of a considerable number of companies, this market appears to be fragmented and the competitive environment is getting intense with all companies focusing on improving their market position. Companies in the aircraft antenna market are focusing on procuring new generation aircraft owing to the increasing air traffic and growing air travelers worldwide.’
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