Connected Aircraft Market estimated to witness 16% CAGR during forecast 2023

Posted November 12, 2018 by sakkk18

Connected Aircraft Market by Type (Systems, Solutions), Application (Commercial, Military), Aircraft Type (Fixed-Wing, Rotary-Wing), Connectivity, Frequency Band, & Region –Forecast to 2023
Market Highlights:

Connected aircraft facilitates in-flight entertainment to air passengers with the provision of high-quality audio, video, games, flight details, music, movies, radio, and news. In addition to that, it will benefit the passenger in terms of comforts, reduce pilot and flight crew workload, cut maintenance time and costs, and lower cost of ownership. The increased technological innovations in satellite communication, enhanced passenger travel experience, increasing need to upgrade existing connectivity systems, improvement in the aircraft operational efficiency will enable manufacturers to offer new growth opportunities to the market players. The factors driving the growth of the global connected aircraft market are the increased need for operational efficiency, rising aircraft deliveries, growing need to upgrade existing connectivity systems, and rise in the adoption rate of hardware for aircraft connectivity systems. However, there are some shortcomings in the operative performance of connected aircraft, such as cyber-security concerns by the airlines, inconsistency & replacement of traditional data connection, data optimization with the modern systems, and slack in the data package delivery. The market for global connected aircraft is estimated to witness 16% CAGR during the forecast period.

On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. In the North America region, there is the presence of major commercial aircraft manufacturers and airlines in North America, such as Boeing, American Airlines, United Airlines, and Bombardier. In the Asia Pacific region, the increase in urbanization, disposable income, travel rate of air passengers, and air passenger traffic will boost the connected aircraft market during the forecast period. For instance, SITAONAIR partnered with Astronics Ballard Technology to provide a next-generation connected aircraft “smart core” that will significantly enhance airline data communications and operations.

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The scope of the Report

This study provides an overview of the Global Connected Aircraft Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Connected Aircraft Market by its type, purpose, end-user and region.

By Type

• Systems
o Satellite Communication Systems
o Data Management Systems
o Others
• Solutions
o Fuel Monitoring Systems
o Flight Management Systems
o Electronic Flight Bags
o Aircraft Monitoring & Communication Systems
o Passenger & Crew Connectivity Systems
o Others
By Application

• Commercial
• Military
By Aircraft Type

• Fixed-Wing
• Rotary-Wing
By Connectivity

• Inflight
• Air-To-Ground
• Aircraft-To-Aircraft
By Frequency Band

• Ka-band
• Ku-band
• L-band
By Region

• America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Key Players

The key players in global connected aircraft market are Honeywell International Inc. (U.S.), Panasonic Corporation (Japan), SITAONAIR (Switzerland), Thales Group (France), Kontron AG (Germany), Inmarsat plc (U.K), Gogo Inc. (U.S.), Global Eagle Entertainment Inc. (U.S.), Cobham plc (U.K), IBM (U.S.), Google (U.S.), Spafax (U.K), Apple (U.S.), and Microsoft (U.S.).

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Issued By MRFR
Country India
Categories Aerospace , Business , Research
Tags connected aircraft market , connected aircraft market analysis , connected aircraft market growth , connected aircraft market share , connected aircraft market size , connected aircraft market trends
Last Updated November 12, 2018