The ‘Global Connected Aircraft Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global connected aircraft market growth, assessing the market on the basis of its segments like type, frequency band, application, connectivity, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Connected Aircraft Market Share, Size, Price, Trends, Growth, Analysis, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 18.70%
The widespread digitisation across the globe has positively impacted the growth of the global connected aircraft market. The major factors driving the growth of this market include the rising concerns for security and the growing preferences of connected aircrafts for military and commercial aviation. Furthermore, airlines are also striving provide an immersive experience passengers by using connected aircraft services serve entertainment purposes like watching movies during their journey.
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The increased deployment of IoT technology due the growing demand for lightweight electric aircrafts is likely expand this market further, particularly the market share of commercial applications. The systems type of connected aircrafts are likely face a burgeoning demand in the connected aircraft market due the need for operation and installation of satellite communication systems, which comprise a sizeable share in this market.
The solutions type of connected aircrafts is also forecasted to flourish, owing to the growing demand for inflight connectivity and increased passenger traffic. The surging demand for faster global connectivity is projected to create a boom in the Ka-band frequency bands while Ku-band frequency bands are likely to be preferred due to their capability of transmitting high speed data. Inflight connectivity in connected aircrafts is rapidly expanding in line with the rising demand for 5G networks and Wi-Fi services amongst crew members and passengers.
Connected Aircraft Industry Definition and Major Segments
A connected aircraft combines systems and solutions such as apps, services, satellite components, airtime connectivity, and airplane hardware in order to transform the way people communicate in the aviation sector. It makes use of various frequency bands to support air-to-ground and air-to-air connectivity. These systems make it easier to monitor aircraft health and ensure connectivity for aircrafts.
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On the basis of type, the market is bifurcated into:
- Systems
- Solutions
Based on frequency band, the market is classified into:
- Ka-Band
- Ku-Band
- L-Band
On the basis of application, the market is divided into:
- Commercial
- Breakup by Type
- Fixed-Wing Aircraft
- Rotary-Wing Aircraft
- Breakup by Type
- Military
- Breakup by Type
- Fixed-Wing Aircraft
- Rotary-Wing Aircraft
- Breakup by Type
Based on connectivity, the market is segmented into:
- Air-To-Ground Connectivity
- Aircraft-To-Aircraft Connectivity
- Inflight Connectivity
On the basis of region, the market is differentiated into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Connected Aircraft Market Trends
The increasing aviation services globally is significantly expanding the growth of the connected aircraft market. The key trends observed in this market that are propelling its growth include the growing geopolitical tensions and the rising demand for big analytics in connected aircrafts. Furthermore, increasing modernisation of aircrafts, such as the deployment of flight bags and aircraft interface devices, is supporting the expansion of the market for connected aircrafts.
The rising trust among passengers regarding the safety and reliability of airways and the procurement of new generation aircrafts is bolstering the market of connected aircrafts. The use of connected aircraft systems in air traffic management is growing in line with their ability to handle air traffic and reduce flight delays. Connected aircrafts help in combatting turbulences by making the use of real-time weather data collecting systems, which ensure flight safety and is likely to boost the connected aircraft market.
The increased investment in digital content delivery systems (DCDS) and growing demand for inflight entertainment services by business travellers and vacationers has led to the robust growth of this market. Cloud computing systems and securities are increasingly being deployed by market players owing to their enhanced cyber security benefits, making connected aircrafts highly reliable. The adoption of SATCOM and broadband solutions, which require speed transmission modules is expanding the growth potential of the connected aircraft market.
Key Market Players
The major players in the global connected aircraft market report are
- Honeywell International Inc.
- Gogo LLC
- Thales Group
- Inmarsat Global Limited
- Collins Aerospace
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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