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Connected Aircraft Market

Connected Aircraft Market

Connected Aircraft Market Global Industry Assessment & Forecast

Number Of Pages # Pages:

149

Base Year:

2021

Date

Sep - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1857

Segments Covered
  • By Type Systems, Solutions
  • By Application Commercial, Military
  • By Connectivity Inflight Connectivity, Air-to-Air Connectivity, Air-to-Ground Connectivity
  • By Frequency Band Ka-Band, Ku-Band, L-Band
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 2.7 Billion
Revenue 2028: USD 10.2 Billion
Revenue CAGR (2022 - 2028): 24.8%
Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Premium Insights:

Global Connected Aircraft Market is valued at USD 2.7 Billion in 2021 and is projected to reach a value of USD 10.2 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 24.8% over the forecast period.

The creation of new aircraft, an increase in the desire for linked technologies, and the rising demand for operational efficiency in aircraft are the major drivers of the expansion of the Connected Aircraft Market. Furthermore, the ever-growing demand to enhance the travel experience of passengers contributes as a key factor in the expansion of the Connected Aircraft Market. With the arrival of next-generation aircraft that includes features such as real-time weather information, health monitoring systems, and unique flight management systems, the Connected Aircraft Market has been revolutionized and is predicted to grow the market further. This growth in the market for {keyword}} may serve as the primary market driver in the years to come.

Connected Aircraft Market Size, 2021 To 2028 (USD Billion)

Additionally, rapid urbanization and rising individual disposable incomes have also fuelled a significant growth in demand for air travel. Thus, there is an increase in passenger traffic, projected to increase aircraft deliveries and fuel the demand for {keyword}}.

The market is expanding due to increased demand in established and developing economies for contemporary generation aircraft. Also, during the foreseen time period, the market expansion will be aided by the rising popularity of long-haul flights. The need for fast internet is being fueled by an array of applications.

Large companies are also adopting SATCOM and broadband solutions, driving demand for faster transmission modules. The major reasons for the market expansion of {keyword}} are the emphasis on lowering maintenance time and the surge in demand for modernizing existing connection systems in aircraft. However, the market for Connected Aircraft has been constrained by concerns about cybersecurity and the backlog in aircraft delivery.

Top Market Trends

· The market for {keyword}} is anticipated to be driven by the aircraft manufacturers' and connectivity providers' ongoing emphasis on supplying robust solutions to fend off cyber threats.

· In 2021, the solution segment held the largest market share of 71%.

· In 2021, the commercial held the highest market share at 42%.

· Numerous businesses use contracts and the development of new products as major tactics. The competitive leadership section contrasts different market players.

Market Segmentation:

The Connected Aircraft Market is segmented based on Type, Application, Connectivity, Frequency Band, and Region. Based on the Type, the market is segmented into Systems and Solutions. Furthermore, based on the Connectivity, the market is further segregated into Inflight Connectivity, Air-to-Air Connectivity, and Air-to-Ground Connectivity. In addition, based on the Applications, the market is segmented as Commercial and Military. Moreover, based on Frequency Band, the market is segmented as Ka-band, Ku-band, L-band.

Below tree is interactive. You can click the nodes to get more information.

Based on Application:

The Commercial category dominated the market in 2021

The market is segmented into two different types based on its end use: Commercial and Military. During the predicted time frame, the Commercial sector is expected to expand at the maximum rate. Demand for Connected Aircraft technologies among commercial airlines is mostly to blame for the greater share. Recently, Commercial aviation has focused heavily on in-flight connectivity, and airlines have just recently started using Connected Aircraft technology. In addition, the Military has only recently embraced Connected Aircraft technology. As a result, the industry is bracing for increased demand as a direct result of the military's growing interest in this technology. As a result of various national militaries' plans to upgrade their aircraft fleets and embrace this technology over the next few years, the military sector is predicted to witness the largest CAGR (Compound Annual Growth Rate) increase throughout the forecast period.

Based on Type:

The Solution category dominated the market in 2021

The market is segmented into Systems and Solutions based on the Type. In 2021, the market was led by the Solution category, and that trend is expected to continue. The Solutions cover a wide range of aircraft components, such as antennas, antenna control units, transceivers, electronic flight bags, fuel monitoring systems, crew connectivity (Wi-Fi) systems, flight management systems, and aircraft monitoring & communication systems.

Systems for crew and passenger communication contribute significantly to the software industry's revenue. In addition, the rate of expansion of the system is estimated to be highest within the projected time frame. Systems like data management and satellite communication are included in this area. The need for satellite communication in business and government has been growing for the past few years. Satellite communication systems are comprised of high-capacity multi-systems and simple tracking devices in addition to the established communication systems. The costs associated with establishing and maintaining satellite communications represent a considerable share of the industry.

Based on Regional Analysis:

North America had the Largest Share in 2021

The North American market held the largest Connected Aircraft Market share during the forecast period. The increasing number of aircraft orders from the region and the expanding commercial application of {keyword}} technology are the main growth factors for the industry in the region. Military aircraft modernization and improvement of existing technologies are given the biggest importance in the United States, where {keyword}} technology is slowly gaining prominence. The primary growth factors for the market in the region are the rising number of aircraft orders from the region and the rising commercial use of {keyword}} technology. The expansion is attributable to numerous aircraft systems and services suppliers, including Collins Aerospace, Gogo LLC, and Viasat, Inc. These businesses made up a significant Connected Aircraft Market.

Recent Developments:

· In June 2022, Collins Aerospace openly announced the company's development of a new system of aircraft that will enable tracking and alerting features. This technology will be included in WebUAS, a digital platform for unscrewed aircraft systems. Over the forecast period, such advanced incorporation of features in aircraft will likely provide impetus to the Global {keyword}} Market.

· In May 2022, Inmarsat and Honeywell announced the launch of SwiftJet, known to be the world's fastest L-Band inflight connectivity service aimed at augmenting business aviation. SwiftJet will offer internet speeds of up to 2.6 Mbps for seamless overage between flight destinations.

· In February 2022, Thales Group announced that the company would be delivering satellite stations to the Ministry of Armed Forces of France. These satellite stations will enable the armed forces to leverage aggressive electromagnetic environments.

· In Jan 2021, Delta Air Lines selected Viasat's industry-leading, next-generation Ka-band satellite in-flight connectivity (IFC) solution for more than 300 mainline narrow-body aircraft, including new delivery and retrofits on A321ceo, 737-900ER, and select 757-200 aircraft. Delta expects to bring the Viasat technology onboard these aircraft starting summer of 2021, with Delta having the option to add additional fleets.

Competitive Landscape:

The key players in the Global Connected Aircraft Market include- BAE Systems PLC, Zodiac Aerospace, Panasonic Avionics Corporation, Burrana Inc, Thales Group, Cobham PLC, Gogo LLC, Inmarsat PLC, Honeywell International Inc. and others.

Segmentation of the Global Connected Aircraft Market:

Parameter Details
Segments Covered
  • Type (Systems, Solutions)
  • Application (Commercial, Military)
  • Connectivity (Inflight Connectivity, Air-to-Air Connectivity, Air-to-Ground Connectivity)
  • Frequency Band (Ka-Band, Ku-Band, L-Band)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • BAE Systems PLC
  • Zodiac Aerospace
  • Panasonic Avionics Corporation
  • Burrana Inc
  • Thales Group
  • Cobham PLC
  • Gogo LLC
  • Inmarsat PLC
  • Honeywell International Inc.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

FAQ
Frequently Asked Question
  • The global Connected Aircraft valued at USD 2.7 Billion in 2020 and is expected to reach USD 10.2 Billion in 2028 growing at a CAGR of 24.8%.

  • The prominent players in the market are BAE Systems PLC, Zodiac Aerospace, Panasonic Avionics Corporation, Burrana Inc, Thales Group, Cobham PLC, Gogo LLC, Inmarsat PLC, Honeywell International Inc..

  • The market is project to grow at a CAGR of 24.8% between 2021 and 2028.

  • The driving factors of the Connected Aircraft include

    • Increasing Need for Operational Efficiency

  • North America was the leading regional segment of the Connected Aircraft in 2020.