Connected Aircraft Market Outlook
According to a new report by Expert Market Research titled, “Connected Aircraft Market Price, Share, Analysis, Report and Forecast 2023-2028″, is projected to grow at a CAGR of 18.70% between 2023 and 2028. Aided by the escalating demand for real-time data in aviation and the expanding applications of connectivity solutions in the aviation industry, the market is expected to grow significantly by 2028.
Connected aircraft are aircraft that are equipped with technology that allows them to share data in real-time with ground-based systems, other aircraft, and satellites. They play a crucial role in improving flight safety, maintenance procedures, fuel efficiency, and overall passenger experience. Beyond these benefits, connected aircraft systems also possess excellent data-gathering, processing, and transmission capabilities, making them a valuable asset in various aviation industry applications, including flight tracking, weather forecasting, and crew scheduling.
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The escalating consumer demand for seamless in-flight connectivity and real-time data is driving the global connected aircraft market growth. With growing awareness of the benefits associated with real-time data, such as improved flight safety and on-time performance, there has been a significant shift towards connected aviation, leading to a surge in demand for connected aircraft solutions. Additionally, the rising trend of digitalisation and the Internet of Things (IoT) in various industries, including aviation, has further contributed to the increasing popularity of connected aircraft.
The expanding applications of connected aircraft in the aviation industry also significantly contribute to the connected aircraft market development. Airlines are increasingly using connected aircraft systems for predictive maintenance, which uses data gathered in real-time from aircraft systems to predict potential failures before they occur. The weather forecasting industry uses data from connected aircraft to improve prediction models and provide accurate and timely weather updates. Moreover, connected aircraft’s data transmission capabilities are essential for flight tracking and crew scheduling, helping airlines to improve efficiency and provide better service to passengers, thus increasing the connected aircraft market demand.
Moreover, the growing demand for personalised passenger experience in the aviation industry has led to an increased focus on connected aircraft as a solution. With the rise of technology and increasing customer expectations, connected aircraft have emerged as a critical component in the delivery of personalised in-flight entertainment, real-time travel information, and other services, thereby boosting the connected aircraft market expansion.
Connected Aircraft Market Segmentation
The market can be divided based on type, frequency band, application, connectivity, and region.
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Market Breakup by Type
- Systems
- Solutions
Market Breakup by Frequency Band
- Ka-Band
- Ku-Band
- L-Band
Market Breakup by Application
- Commercial
- Fixed-Wing Aircraft
- Rotary-Wing Aircraft
- Military
- Fixed-Wing Aircraft
- Rotary-Wing Aircraft
Market Breakup by Connectivity
- Air-To-Ground Connectivity
- Aircraft-To-Aircraft Connectivity
- Inflight Connectivity
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global connected aircraft companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Honeywell International Inc.
- Gogo LLC
- Thales Group
- Inmarsat Global Limited
- Collins Aerospace
- Others
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