According to the research report titled ‘Global Airborne SATCOM Market Size study, by Platform (Commercial Aircraft, Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Regional Transport Aircraft (RTA), Military Aircraft, Business Jets, Helicopters, UAVs, by Component (SATCOM Terminals, Transceivers, Airborne Radio, Modems & routers, SATCOM Radomes, Others), by Application (Government & Defense, Commercial), by Frequency (C-Band, L-Band, X-Band, Ka-Band, S-Band, Ku Band, UHK Band), by Installation (New Installation, Upgradation) and Regional Forecasts 2020-2027‘, available with Market Study Report, global airborne SATCOM market was valued at USD 5.9 billion in 2019 and is expected to grow with a CAGR of 5.3% during 2020-2027.
 

Increasing number of aircrafts & high throughput satellites, along with surge in passenger traffic, and multiplying long-haul flights are the major factors expected to drive global airborne SATCOM market during the forecast period. Further, increasing demand for customized SATCOM on-the-move solutions is also likely to contribute to the industry growth.
 

Moreover, presence of multinational firms involved in manufacturing and production of aircrafts & its components is poised to influence global airborne SATCOM market outlook.
 

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Reportedly, in next couple of years, China is on its way to surpass United States as the world's biggest air travel industry and the country’s demand for aviation is growing constantly. According to the trusted sources, China is predicted to require 6,810 new aircraft in the next 20 years amounting to USD 1.025 trillion, mainly due to escalating number of passenger throughput, further propelling airborne SATCOM market demand.
 

Based on frequency, global airborne SATCOM market is segmented into Ku-band, X-band, C-band, S-band, Ka-band, UHF-band, and L-band. With regards to installation type, the industry is bifurcated into upgradation, and new installation. As per application scope, the industry is segmented into commercial, and government & defense.
 

Speaking of component terrain, the industry is classified into SATCOM terminals, airborne radio, satcom radomes, transceivers, modems & routers, and others. While the platform landscape is segmented into narrow body aircraft (NBA), helicopters, military aircraft, business jets, regional transport aircraft (RTA), wide body aircraft (WBA), and UAVs.
 

From regional frame of reference, North America market is accruing tremendous revenue in current times, mainly due to rising number of aircrafts as well as increase in long-haul flights, and surging passenger traffic in the region. Meanwhile, Asia Pacific airborne SATCOM industry is anticipated to amass highest growth rate over 2020-2027, owing to increasing air passenger traffic and rise in high-throughput satellites in the region.
 

Major players operating in global airborne SATCOM market sphere include Aselsan A.S., Collins Aerospace, Hughes Network Systems LLC, Honeywell International Inc., Gilat Satellite Networks Ltd., Harris Corporation, Thales Group, General Dynamics Corporation, Cobham PLC, and Viasat Inc.