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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Aircraft Antenna market. Market segmentation includes by Wing Type (Fixed; Rotary) Application (Navigation & Surveillance; Communication); End-Use (Aftermarket; OEMs).

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24 November 3:44 a.m., Silicon Valley, California - According to the new market research report, the global market for Aircraft Antenna is expected to witness losses accumulate to a painful US$55.2 million in the year 2020. The commercial aerospace industry which until 2019 witnessed stable growth guided by encouraging increases in air traffic volumes both cargo and passengers, is now heading for a devastating year in 2020, and estimated to register losses running into billions. Business has been severely disrupted in the aerospace industry across all regions, starting with Asia-Pacific, which is projected to bear the major absolute loss in 2020. Global traffic which was doubling for over a decade now has suddenly come to an abrupt end leaving unprepared airliners in shock with no revenue and structurally high costs. Outright bans and restrictions on international and domestic travel and lockdowns have evaporated demand for passenger flight services overnight, with total passenger traffic estimated to decline by 52.7%. The number of passengers is projected to drop dramatically to the 2006 levels, around 2.26 billion. Despite attempts to reopen and ease the restriction and efforts by airlines to drive passenger traffic through price stimulation, passenger revenues are anticipated to reduce to $241 billion, a major fall in comparison to $612 billion recorded in 2019. With second and third waves of infections continuing to sweep through countries worldwide and a vaccine still not sight, all non-essential travel and tourism will continue to remain muted. Complicated air safety regulations which are expected to follow in the post COVID-19 era such as immunity passports, mandatory quarantining of all travelers, among others will worsen the recovery process. Growth in air travel and tourism which until now was a key driver of growth was largely led by the growing affluence of an expanding base of middle class population. The pandemic has dealt this very important growth drive a mortal blow in the form of rising levels of unemployment and erosion in household wealth.

As businesses struggle to keep afloat, job cuts and bankruptcies are already sending millions into unemployment. High levels of unemployment and erosion of discretionary income will severely impact consumer spending on non-essential services including travel and tourism. Unemployment rates are climbing to worrisome levels in both developed and developing economies alike. In the United States, the worst hit by the pandemic, the devastation wreaked on the country's economy can be put into perspective by the fact that unemployment rates peaked in the country in June 2020 to 30.8 million. With the labor market in doldrums, consumer spending is plummeting. The economic anxiety among consumers has and continues to rise. Consumers have shifted to online and are spending much lesser than before the pandemic. Social outlook against this background remains grim with households expected witness erosion in wealth. Personal financial outlook, community, economy, job security confidence, and purchasing and investment confidence are all tumbling as the human and economic cost of the global pandemic rises. The loss in consumer confidence and erosion of household wealth and discretionary spending will impact virtually every industry and business worldwide, especially commercial aviation. With discretionary spending coming under the crunch and fears of infections remaining unchanged, consumers are not seen as likely to resume or reschedule their travel plans. Revenue generation and cash outflow mismatches will continue to challenge the survival of most airline companies. Low to zero utilization of seats and aircraft will continue to push up the costs for airline operators and in the absence of revenues, several airliners are expected to go bankrupt by the end of the year 2020. For the year 2020 in the absence of any notable revenue generation, the global airline industry is expected to spend over US$80 billion in expenditures such as airplane parking fee, employee and staff expenses, aircraft maintenance as aircraft cannot be just dusted back into action, among others. The slow and highly uncertain rate of recovery means that the industry even in the year 2021 will continue to bleed over US$6 to US$7 billion in losses each month.

In the post COVID-19 period growth will be led by the importance of antennas in effective communication. Effective and uninterrupted communication holds a pivotal role in aircraft safety. The aviation industry needs sophisticated technology to ensure communication between air traffic controllers and pilots. Aircraft communication goes beyond the connectivity among crew members and other aircraft to encompass other teams including airport operators, aviation specialists and security personnel. The communication plays a major role in enhancing safety and reducing the risk of catastrophic accidents, which can be prevented using effective communication. The infamous collision of two aircraft in 1956 underscored the significance of communication and prompted the FAA to focus on various measures to improve aviation safety, including proper aircraft communication. As air transportation is predicted to grow two-fold by 2050, airline operators need to invest in effective aircraft communication technology for ensuring safety. Aircraft communication is also gaining traction owing to increasing demand for consumers to stay connected during their flights. The need to access the Internet for accessing email, movies and communicate with people during air travel has accentuated the significance of aircraft communication. While an increasing number of airlines are offering in-flight Internet services, pilots continue to deal with traditional technologies, leading to disparate, complex and ineffective communication that delays response to unexpected events. Traditional technology used by various airlines is unable to deal with emerging aeronautics challenges like limited airport capacity, congestion and demand for high-speed data transfer. However, recent advances in aircraft communication are opening new avenues for better communication in the 21st century. Advanced technologies intended to serve the aviation industry are playing a vital role in seamless communication and data transfer over multiple links. These communication options are serving diverse needs of modern aircraft and providing pilots with information regarding traffic or weather for enhanced safety.

Pilots rely on very high frequency (VHF) communication systems to maintain contact between aircraft and ground staff. The technology uses line-of-sight transmission with a range of 30 miles for aircraft at 1,000 feet and around 135 miles for an aircraft flying at 10,000 feet. Over the last several years, the industry has witnessed various changes related to frequency range due to notable jump in capacity of new ground-based radio stations. While the radio frequency range was initially set at 118-132MHz with a channel spacing of 200 kHz intervals, the range expanded over the past several decades. In 1958, channel spacing was reduced to 100 kHz, which increase the number of available channels two-fold. The upper range of the frequency was subsequently extended from 132MHz to 136MHz. Channel spacing was further reduced to 50 kHz in 1964 and to 25 kHz in 1974. On the other hand, frequency range was expanded to 137MHz in 1979, allowing military to use frequencies between 137MHz and 151.975MHz with a channel spacing of 25 kHz. Reducing the spacing to 8.33 kHz is expected to increase the number of usable frequencies to three-fold, satiating the requirement of various operators in Europe and other regions. The frequency range requires the use of equipment and devices like antennas and transceivers for supporting the voice link.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 742. Among this pool, 148 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 32 unique participations, a total of 14 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Honeywell International, Inc.
Cobham PLC
Boeing Company, The
Honeywell Aerospace
Gilat Satellite Networks
Tecom Co., Ltd.
Astronics Corporation
Antcom Corporation
Jem Engineering, LLC.
Sensor Systems, Inc.

Segments Covered in the Report -
Wing Type (Fixed, Rotary)
Application (Navigation & Surveillance, Communication)
End-Use (Aftermarket, OEMs)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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