Aircraft communication system market to hit $2.9bn by 2025

Aircraft Communication System Market is estimated to exceed USD 2.9 billion by 2025; according to a new research report by Global Market Insights, Inc.

introduction of new aircraft with a focus on reducing weight and incorporation of advanced avionics are boosting the aircraft communication system market over the study time frame. Increasing requirements for efficient transmission technologies enabling safer air travel across destinations are accelerating the aircraft communication system market growth over the coming years.

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Increased automotive production and a high demand for passenger vehicles create growth opportunities for the Aircraft communication system market. With the growing demand for automobiles across the globe, the utilization of automotive lighting products has increased rapidly. The global automotive industry identifies the need for intelligent & green lighting solutions. Additionally, government programs and initiatives to reduce the number of road accidents and improve the driving experience are anticipated to provide an impetus to the Aircraft communication system market. For instance, the National Road Safety Policy in India has initiated several measures including raising road safety awareness, launching an information database.
In the Aircraft communication system market, the passenger cars segment is anticipated to grow at 6% CAGR from 2018 to 2024. A high demand for passenger cars across the globe is compelling the increasing consumption of lighting products. An increased focus on enhancing the vehicle aesthetics and looks by automobile companies demands advanced and high-quality lighting systems.

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