Global Connected Aircraft Market Size By Type(Solutions, Systems), By Application(Military, Commercial), By Connectivity(Air-to-air Ground Connectivity, Air-to-Ground Connectivity), By Geographic Scope And Forecast

Connected Aircraft Market Size and Forecast

Connected Aircraft Market size was valued at USD 7.45 billion in 2021, it is expected to reach USD 12.42 billion by the end of 2030,  growing at a CAGR of 16.56% from 2023 to 2030.

So, what's fueling the Connected Aircraft market? Well, think about iteveryone wants to stay connected these days, even when they're 30,000 feet in the air! That increasing demand for in-flight connectivity is a big part of it. Plus, airlines are realizing they need to analyze data as it happens. And, with more and more IoT devices popping up, airlines can now track everything from how well the plane is running to what passengers are up to. All this data leads to better efficiency and a more enjoyable flight for you. Of course, we can't forget about wanting to watch movies, shop online, and stay in touch – that's driving growth too. Finally, better satellites and communication networks are constantly opening up new possibilities in this space.

Connected Aircraft Market Definition

The term “connected aircraft market” describes the advancement in science that has made it possible for connection and integration of advanced technology for communication and information to aircraft. In-flight a connection, immediate monitoring and evaluation of aircraft data, as well as improved passenger experiences through various entertainment and communication options, are all provided by the software and hardware components which make up this sector.

The growing need for a better passenger expertise, improved aircraft efficiency, and greater safety and security is what drives the internet-connected aircraft market. Airlines, technology companies, service providers, and others include the industry players that are funding the development of advanced connected aircraft technologies.

Connected Aircraft Market Overview

The COVID-19 epidemic has had an enormous impact on the aviation industry for linked aircraft. The need for related airplane systems has decreased as a result of a decrease in demand for air travel driven on by travel restrictions and lockdowns. The demand for linked airplane components has fallen as a consequence of the global epidemic and the drop in aircraft manufacturing.

We're expecting the connected aircraft market to really take off in the next few years, and there are a bunch of reasons why. For starters, people are just demanding more in-flight entertainment and internet access these days. We're all glued to our smartphones and tablets, and that's driving the need for faster connectivity up in the air, a trend that's likely here to stay. Plus, the aviation industry itself needs to make smarter decisions faster. Think about it connected aircraft can offer real-time data on everything from flight operations to maintenance and even passenger satisfaction. That means airlines can boost efficiency and cut costs.

The market for connected aircraft is poised to take off, but some speed bumps are holding it back. One major issue? The steep price tag for adopting this technology. Airlines might simply not have the cash to invest in all the latest gadgets and systems required. Security and data privacy are also big concerns in the aviation world, which could make airlines hesitant to embrace fully connected planes. Plus, navigating all the regulations and certifications needed to add new tech to existing aircraft is a real headache. These obstacles could definitely slow down the rollout and keep connected aircraft from reaching their full potential.

The future looks bright for connected aero planes! With air travel expected to keep soaring, there's a huge opportunity right there. Plus, new tech like artificial intelligence (AI), big data analytics, and the web of things (IoT) are poised to really shake things up and create even more possibilities. Expect to see airlines focusing on making your trip better and streamlining their operations using real-time data analysis. And, as new business models pop up and investments pour in, the connected aero plane industry is only going to take off further.

Connected Aircraft MarketSegmentation Analysis

The Connected Aircraft Market is segmented by type, application, connectivity, and geography.

Connected Aircraft Market, By Type

• Solutions
• Systems

Systems segment is leading the market. it can be analyzed that the increasing demand for satellite communication is driving growth in this segment.

Connected Aircraft Market, By Application

• Military
• Commercial

The commercial segment is leading the market due to its diverse applications in the global market. however, the military segment is also anticipated to grow more in the forecast period.

Connected Aircraft Market, By Connectivity

• Air-to-air Ground Connectivity
• Air-to-Ground Connectivity
• Inflight Connectivity

Inflight connectivity segment is showing highest growth in this market. this is due to the increasing use of Wi-Fi based services in the flights. Other segments are also expected to grow more in the coming years.

Connected Aircraft Market, By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East Africa

North America is dominating the market and expected to sustain its dominance due to the increasing number of orders for aircraft from different regions.

Key Players

The key players in the Connected Aircraft Market are Panasonic Avionics Corporation, BAE Systems PLC, Viasat Inc., Thales, Anuvu, Collins Aerospace, Kontron, Cobham PLC, GOGO LLC, Honeywell International Inc.

Key Developments

• In May 2021, Thales and Google Cloud Collaborated to provide jointly developed solutions for the aviation industry.
• In February 2021, Panasonic Avionics Corporation declared to launch Wellness Suite that can aid passengers with customized wellness solutions such as yoga sessions, and guided meditation by which their flight experience can be improved.

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Reasons to Purchase this Report

We've looked at the Market inside and out, using both numbers and real-world factors, breaking it down into different segments. For each of these segments, we're giving you hard numbersthe Market value in USD Billion. We'll point out which region and segment is likely to grow the fastest and become the leader. Plus, we'll take a deep dive by region, looking at product/service consumption and the local factors that are impacting the Market. Want to know who's on top? We've got a competitive landscape that ranks the major players, and we're tracking what they've been up tonew launches, partnerships, expansions, and acquisitions over the last five years. Check out the company profiles, complete with overviews, insights, product comparisons, and SWOT analysis for the big names in the Market. We'll give you both the current and future outlook for the industry, highlighting recent developments, growth opportunities, what's driving the Market, and the challenges in both emerging and developed regions. We'll even break down the Market from different angles using Porter's five forces analysis, offering insight through the Value Chain. Finally, you'll get a picture of Market dynamics, showing the growth opportunities in the years ahead and 6-month post-sales analyst support.

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