IMARC Group, a leading market research company, has recently released a report titled “Airline Passenger Communications System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the airline passenger communications system market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the Airline Passenger Communications System Market?
The global airline passenger communications system market size reached US$ 5.72 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.84 Billion by 2028, exhibiting a growth rate (CAGR) of 7.30% during 2023-2028.
What is an Airline Passenger Communications System?
An airline passenger communications system (APCS) includes the components that allow airline travelers to stay connected with the ground, other passengers, and crew members during their flight. It generally comprises satellite communications systems, ground-based communications networks, servers, transponders, antennas, receivers, routers, and other equipment. APCS allows passengers and airlines to communicate with the ground via satellite. It is widely used to provide passengers with access to entertainment content and in-flight sales and services. As a result, APCS is widely utilized in spacecraft, military airplanes, helicopters, commercial aircraft, etc.
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What are the growth prospects and trends in the airline passenger communications system industry?
The escalating demand for APCS, as it allows travelers to access entertainment content during their flight, such as movies, TV shows, music, games, etc., is primarily driving the airline passenger communications system market. Furthermore, the widespread adoption of this procedure to provide updates on delays, gate changes, and other important information is also augmenting the market growth. Apart from this, the increasing integration of augmented reality (AR) technologies to give passengers new and immersive entertainment experiences is positively influencing the global market. Moreover, numerous technological advancements, including the rising utilization of artificial intelligence (AI) and machine learning (ML) to enhance the system performance and capabilities, are further bolstering the market growth. Besides this, the increasing expenditure capacities of individuals and the expanding aviation industry are acting as significant growth-inducing factors. Additionally, extensive R&D activities to integrate advanced systems with aircraft for improved performance and safety are expected to fuel the airline passenger communications system market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Distribution Channel Insights:
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Market Breakup by Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Airbus SE
- Collins Aerospace (Raytheon Technologies Corp.)
- Gogo Business Aviation LLC
- Honeywell International Inc.
- Panasonic Avionics Corporation
- Thales Group
- Wipro Limited
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