12-Feb-2021 | Zion Market Research
As per researchers at Zion Market Research, the global connected aircraft market is projected to advance at a CAGR of above 8.5% during the forecasted period 2019–2025. The rising procurement of latest-generation aircraft and the need for upgrading the current connectivity systems to more resourceful ones are compelling the market. The increasing emphasis on the safety and reliability of the aircraft and the passengers has led to invest the airlines in connected aircraft technologies. The requirement to improve the passenger experience is also a key driving factor for the development of the market connected aircraft market. With the air to ground connectivity and constant monitoring of various aircraft, components become possible—that might lower the maintenance costs and make the process of maintenance more fast & easy—thus decreasing the turnaround times of the aircraft.
Some of the leading players in the market are BAE Systems PLC, Airbus SAS, Gogo Inc., Cobham PLC, Inmarsat PLC, Honeywell International Inc., S&T AG, Panasonic Avionics Corporation, Thales Group, SITA, Global Eagle Entertainment Inc., Apple Aviation, Viasat Inc., and IBM Corporation.
Commercial Aircraft Segment To Contribute In Fueling The Global Connected Aircraft Market
During 2018, the commercial aircraft section of the market reported a higher market share than the military aircraft section. The high share is mainly attributed owing to the rising demand for the connected aircraft technology from the commercial airliners. The inflight connectivity has been a main matter of spotlight for commercial aviation for the last couple of years, and airlines began to implement these connected aircraft technologies in the past. The connected aircraft technology is comparatively new for the military, and therefore the requirement from the section is likely to be more, owing to the rising implementation of this technology by the military. Nevertheless, the military segment is predicted to advance with the highest CAGR over the forecasted period, since the armed forces of some countries are anticipated to update their aircraft fleet and integrate these technologies in their aircraft in the future.
The global connected aircraft market is bifurcated on the basis of type, systems, solutions, aircraft type, connectivity, application, frequency band, and regional analysis. Based on the type, the market is divided into systems and solutions. Based on the systems, the market is divided into data management systems, satellite communication systems, and others. Based on the solutions, the market is divided into flight management, fuel monitoring, aircraft monitoring & communication, electronic flight bags, passenger & crew connectivity, and others. Based on the aircraft type, the market is divided into rotary-wing and fixed-wing. Based on the connectivity, the market is divided into air-to-ground, in-flight, and aircraft-to-aircraft. Based on the application, the market is divided into military and commercial. On the basis of the frequency band, the market is categorized into L-Band, Ku-Band, and Ka-Band.
The North America Region Expected To Register Major Share In The Global Connected Aircraft Market
Based on geographical analysis, the global connected aircraft market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region presently has the biggest market share in the global connected aircraft market and is also anticipated to grow with the maximum CAGR over the forecasted period. The increasing number of aircraft orders in the region and the rising commercial use of connected aircraft technologies are the key growth factors for the market across the region.
Browse the full “Connected Aircraft Market - By Type (Systems And Solutions), By Systems (Data Management Systems, Satellite Communication Systems, And Others), By Solutions (Flight Management, Fuel Monitoring, Aircraft Monitoring & Communication, Electronic Flight Bags, Passenger & Crew Connectivity, And Others), By Aircraft Type (Rotary-Wing And Fixed-Wing), By Connectivity (Air-To-Ground, In-Flight, And Aircraft-To-Aircraft), By Application (Military And Commercial), By Frequency Band (Ku-Band, Ka-Band, And L-Band), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/connected-aircraft-market
The global connected aircraft market is segmented as follows:
By aircraft type:
By frequency band:
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