Press Release
Press Release
The global airborne SATCOM industry is being driven by the rising demand for airborne SATCOM systems across the military and defence sector. This can be associated with the growing government expenditure in the expansion and development of the military and defence sector. This can be associated with the growing threats of terrorism and cross border tensions worldwide. Moreover, the heightened demand for air transportation services, with the increasing passenger traffic is also leading to the increased deployment of airborne SATCOM systems in the commercial sector. Additionally, the rapid technological advancements in the development of advanced airborne SATCOM solutions to improve the communication between deployed aerial vehicles and the ground staff are anticipated to aid the market growth in the coming years.
The rising demand for efficient satellite communication solutions is leading to increased collaborations among key market players for the manufacturing and development of innovative mobile communication mechanisms. For instance, in April 2021, Honeywell International Inc. (NASDAQ: HON) announced a partnership with Inmarsat, a leading vendor of mobile satellite communication solutions, to develop innovative commercial satellite communications (COMSATCOM) solutions, which would be delivered to the US government. These newly developed mechanisms will be deployed across fixed-wing and non-fixed wing aeronautical platforms. Such developments are expected to positively impact the growth of the airborne SATCOM industry in the forecast period.
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The major players in the global airborne SATCOM market are Aselsan A.S., Collins Aerospace, Honeywell International Inc., General Dynamics Corporation, and Cobham Aerospace Communications, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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