Press Release

Connected Aircraft Market 2019 Overview by Market Size, Share, Growth Rate, Products and Recent Developments, Forecast till 2024

Connected Aircraft

This “Connected Aircraft Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Connected Aircraft market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The connected aircraft market (henceforth, referred to as the market studied) is expected to register a CAGR of above 8% during the forecast period.
  • - The increasing procurement of new generation aircraft and the need to upgrade the existing connectivity systems to new more efficient ones are driving the market studied.
  • - The growing emphasis on the reliability and safety of the aircraft and the passengers has made the airlines to invest in these connected aircraft technologies. The need to enhance the passenger experience is also a huge driver for the growth of the market studied.
  • - Through the air-to-ground connectivity, continuous monitoring of various aircraft components becomes possible, which may reduce maintenance costs and make the process of maintenance faster and easier, thereby reducing the turnaround times of the aircraft.
  • Connected Aircraft Market Covers Manufacturers:

  • SITA
  • Gogo LLC
  • Honeywell International Inc.
  • Panasonic Avionics Corporation
  • Thales Group
  • Global Eagle Entertainment
  • Collins Aerospace
  • Inmarsat PLC
  • Cobham PLC
  • Kontron S&T AG
  • Viasat Inc.
  • Burrana Inc.*
  • Scope of the Report:

  • The commercial aircraft segment mentioned in the study covers both airlines and general aviation. Furthermore, the report covers the following aspe
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    Key Market Trends:

    The Commercial Aircraft Segment Accounted for the Highest Market Share in 2018

    In 2018, the commercial aircraft segment of the market studied has a higher market share, compared to military aircraft segment. The higher share is primarily attributed to the demand for the connected aircraft technology from commercial airliners. Inflight connectivity has been a prime matter of focus for commercial aviation for the past few years, and airlines started to adopt these connected aircraft technologies in the recent past. Connected aircraft technology is relatively new for the military, and thus the demand from the segment is expected to be more, due to the growing adoption of this technology by the military. However, the military segment is expected to grow with the highest CAGR during the forecast period, as the armed forces of several countries are expected to modernize their aircraft fleet and incorporate these technologies in their aircraft in the coming years.
    North America is Expected to Continue to be the Largest Market in the Coming Years

    North America currently has the largest market share in the connected aircraft market. The region is also expected to grow with the highest CAGR during the forecast period. The growing number of aircraft orders from the region and the increasing commercial usage of connected aircraft technologies are the main growth drivers for the market in the region. Connected aircraft technology is slowly gaining importance in the military also, especially in the United States, where military aircraft modernization and upgrade of the existing technologies are given the utmost importance.

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    Target Audience of Connected Aircraft Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Connected Aircraft Market Report:

    • Analyzing various perspectives of the Connected Aircraft market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Connected Aircraft market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Connected Aircraft market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Connected Aircraft market studied, during the forecast period
    • The segments that are expected to dominate the Connected Aircraft market studied.

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