MarkWide Research

Sale!

Connected Aircraft Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Connected Aircraft Market
1. Connected Aircraft Market Overview
The commercial aviation sector has been on a steady growth trajectory for the past few years. This has been primarily driven by the strong demand for air travel, especially in the Asia-Pacific region. In addition, the industry has been investing heavily in the development of new aircraft and technologies to improve efficiency and reduce costs. As a result, the global commercial aviation market is expected to reach $8.5 trillion by 2037, according to the International Air Transport Association (IATA).

One of the key trends in the commercial aviation market is the growing adoption of connected aircraft technologies. Connected aircraft refer to those that are equipped with sensors and connected to the Internet of Things (IoT) network. This allows real-time monitoring of the aircraft and its surroundings, which can improve safety, efficiency, and maintenance.

The global connected aircraft market is expected to grow at a CAGR of 12.6% from 2019 to 2025, reaching $5.1 billion by 2025, according to a report by MarketsandMarkets. The North American region is expected to be the largest market for connected aircraft, followed by Europe and Asia-Pacific.

There are several factors driving the growth of the connected aircraft market. One of the key drivers is the increasing need for improved safety and efficiency in the aviation industry. The growing number of air passengers and the need to reduce delays and cancellations are also driving the market. In addition, the increasing adoption of IoT and big data analytics is providing a boost to the market.

The connected aircraft market is segmented based on component, application, and geography. Based on component, the market is segmented into software, services, and hardware. The software segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing adoption of cloud-based solutions and the need for real-time data processing.

Based on application, the connected aircraft market is segmented into inflight entertainment, flight operations, maintenance, and passenger experience. The flight operations segment is expected to grow at the highest CAGR during the forecast period. This is due to the need for real-time data for decision-making and the growing adoption of predictive

2. Market Drivers
The Connected Aircraft Market is expected to grow significantly in the next decade. This is driven by a number of factors, including the ever-increasing demand for data connectivity in aircraft, the need for better communications and data management, and the continued advancement of technology.

Data Connectivity

One of the key drivers for the connected aircraft market is the ever-increasing demand for data connectivity in aircraft. In today’s world, passengers expect to be able to stay connected at all times, and they are increasingly using their own devices to do so. This has led to a need for in-flight Wi-Fi, which is now seen as a necessity by many airlines. In addition, the growth of the Internet of Things (IoT) is also driving the need for data connectivity in aircraft. The IoT is a network of physical devices, vehicles, home appliances, and other items that are connected to the internet and can collect and exchange data. The connected aircraft is a key part of the IoT, and the demand for data connectivity is only going to increase as the IoT grows.

Better Communications and Data Management

Another driver for the connected aircraft market is the need for better communications and data management. In the past, aircraft were largely disconnected from the ground, making it difficult to manage communications and data. With the advent of the connected aircraft, however, this is no longer the case. The connected aircraft is able to communicate with the ground in real-time, which allows for better communications and data management. This is a key advantage of the connected aircraft, and it is one of the reasons why the market is expected to grow significantly in the next decade.

Continued Advancement of Technology

Finally, the continued advancement of technology is also driving the growth of the connected aircraft market. The connected aircraft is a highly complex system, and the technology that powers it is constantly evolving. This means that the connected aircraft is constantly getting better and more efficient, which is driving more and more airlines to adopt it. In addition, the continued advancement of technology is also making the connected aircraft more affordable, which is another key driver of market growth.

3. Market Restraints
The growth of the connected aircraft market is being restrained by various factors. Some of these are elaborated below:

1. Lack of Standardization:

There is a lack of standardization in the connected aircraft market, which is hindering its growth. Various stakeholders are working on developing standards for aircraft connectivity, but the process is slow. This is because aircraft manufacturers, airlines, and other stakeholders have different requirements.

2. High Costs:

The costs associated with connected aircraft are high. Aircraft manufacturers have to invest in research and development, and the installation of new technology is also expensive.

3. Technical Challenges:

There are various technical challenges associated with connected aircraft. For example, the aircraft need to be equipped with robust and sophisticated systems that can handle large amounts of data. In addition, the systems need to be able to work together seamlessly.

4. Market Opportunity
Technological advancements have resulted in the development of various aircraft systems that are now interconnected and share data and information in real time. This has given rise to the connected aircraft market, where various stakeholders such as airlines, airports, and air traffic controllers are connected through the internet to improve the efficiency of aircraft operations.

The concept of the connected aircraft was first introduced by Boeing in the early 2000s, and since then, the company has been working on various technologies to make this a reality. In 2013, Boeing launched its first commercial aircraft with integrated satellite communications, and since then, the company has been working on various other connected aircraft technologies.

The connected aircraft market is still in its nascent stage, but it is expected to grow at a rapid pace in the coming years. Various airlines have already started investing in this technology, and it is expected that the connected aircraft market will reach $30 billion by 2025.

There are various benefits of the connected aircraft, such as reduced fuel consumption, reduced emissions, improved safety, and enhanced operational efficiency. The connected aircraft market is expected to grow at a rapid pace in the coming years, owing to the various benefits offered by this technology.

5. Market Size and Forecast
The global connected aircraft market size is expected to reach USD 4.72 billion by 2027, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 10.8% from 2020 to 2027. The rising demand for enhanced inflight connectivity and the need to minimize the operational cost are the major factors that are anticipated to drive the market growth.

The aviation industry has been witnessing a significant transformation in the last few years. The rising need for real-time data, the need for reducing the overall aircraft weight, and the requirement for enhancing the operational efficiency are the major factors that are anticipated to fuel the market growth. Moreover, the deployment of the next-generation aircraft is expected to provide a significant boost to the market growth in the coming years.

The commercial aircraft segment is expected to dominate the market over the forecast period. The segment is anticipated to grow at a CAGR of 10.9% from 2020 to 2027. This can be attributed to the increasing demand for air travel and the need to reduce the overall cost of aircraft operations.

The North America region is expected to hold the largest market share over the forecast period. The region is anticipated to grow at a CAGR of 11.1% from 2020 to 2027. This can be attributed to the presence of a large number of aircraft manufacturers in the region. Moreover, the region is expected to witness a significant growth in the commercial aviation sector in the coming years.

Some of the key players operating in the market are Airbus S.A.S.; Boeing; Honeywell International Inc.; Inmarsat plc; and Gogo LLC. These players are focused on expanding their product portfolio and expanding their geographical presence to gain a competitive edge in the market.

6. Market segmentation
The global connected aircraft market is expected to grow from USD 2.16 Billion in 2017 to USD 6.88 Billion by 2023, at a CAGR of 21.3% during the forecast period. The base year considered for the study is 2016, and the forecast period is from 2017 to 2023.

The major drivers for the growth of the connected aircraft market are the need for real-time data for decision making, requirement for reducing operational costs, and the need for enhancing safety and security. The restraints for the growth of the connected aircraft market are the lack of skilled labor and the high initial investment.

The market is segmented on the basis of component, connectivity, solution, application, and geography.

On the basis of component, the market is segmented into hardware, software, and services. The hardware segment is further segmented into routers, modems, and gateways. The software segment is further segmented into flight information management system, aircraft health management system, and cabin management system. The services segment is further segmented into integration and support and maintenance.

On the basis of connectivity, the market is segmented into satellite-based connectivity and ground-based connectivity. The satellite-based connectivity segment is further segmented into Ku-band, Ka-band, and L-band. The ground-based connectivity segment is further segmented into 3G, 4G, and Wi-Fi.

On the basis of solution, the market is segmented into in-flight entertainment and connectivity, aircraft health management, flight information management, and cabin management. The in-flight entertainment and connectivity segment is further segmented into Wi-Fi, live TV, and moving map. The aircraft health management segment is further segmented into predictive maintenance and prognostics. The flight information management segment is further segmented into weather information and flight planning. The cabin management segment is further segmented into passenger information and control and crew information and control.

On the basis of application, the market is segmented into commercial aviation and military aviation.

On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and

7. Competitive Landscape
The commercial aviation industry is in a state of flux. New technologies, increased regulation, and a variety of other factors are exerting pressure on airlines and aircraft manufacturers to rethink the way they do business. The competitive landscape is changing as a result, and companies are struggling to keep up.

The connected aircraft market is one example of this. In the past, aircraft were largely disconnected from the ground, with only basic communications systems on board. This made it difficult for airlines to track their aircraft and manage their operations.

Today, however, aircraft are increasingly connected, with a variety of systems that allow airlines to track their aircraft, manage their operations, and even stream entertainment to passengers. The connected aircraft market is growing as a result, and a number of companies are competing for a share of this market.

The following are seven companies that are competing in the connected aircraft market:

1. Airbus

Airbus is a leading aircraft manufacturer and a major player in the connected aircraft market. The company offers a variety of products and services that enable airlines to connect their aircraft. Airbus has a strong presence in the market and is well-positioned to continue growing its share.

2. Boeing

Boeing is another leading aircraft manufacturer and a major player in the connected aircraft market. The company offers a variety of products and services that enable airlines to connect their aircraft. Boeing has a strong presence in the market and is well-positioned to continue growing its share.

3. Gogo

Gogo is a leading provider of in-flight connectivity solutions. The company offers a variety of products and services that enable airlines to connect their aircraft. Gogo has a strong presence in the market and is well-positioned to continue growing its share.

4. Honeywell

Honeywell is a leading provider of aviation products and services. The company offers a variety of products and services that enable airlines to connect their aircraft. Honeywell has a strong presence in the market and is well-positioned to continue growing its share.

5. Inmarsat

Inmarsat is a leading provider of satellite communications. The company offers a variety of products

8. Company profiles
The commercial aviation industry is in a state of flux. Airlines are struggling to keep up with rising fuel costs, labour unrest and intensifying competition from low-cost carriers (LCCs). In this environment, aircraft manufacturers are under pressure to deliver fuel-efficient new models and upgrade existing ones to meet the needs of their airline customers.

Connected aircraft are seen as a key enabler of fuel efficiency and operational efficiency gains. A connected aircraft is one that is equipped with a network of onboard sensors and connected to the ground via satellite or other means, providing real-time data on the performance of the aircraft and its systems. This data can be used by airlines to optimize operations, reduce costs and improve safety.

There are a number of companies competing in the connected aircraft market, including Airbus, Boeing, Honeywell, Inmarsat, Gogo and Rockwell Collins. In this blog post, we profile eight of the leading companies in this space.

Airbus

Airbus is a leading player in the connected aircraft market, with a range of products and services that support airline customers in optimising their operations. The company’s Connectivity by Airbus offering includes satellite-based connectivity for in-flight entertainment and passenger communications, as well as data services for flight operations and maintenance.

Boeing

Boeing is another major player in the connected aircraft market, with a range of offerings for airlines. The company’s Connected Aircraft portfolio includes products and services for in-flight entertainment and connectivity, flight operations and maintenance. Boeing’s Jeppesen business unit is a leading provider of flight operations and navigation data, and the company’s Digital Aviation business unit provides software and services for flight planning, aircraft performance and maintenance.

Honeywell

Honeywell is a leading supplier of aviation products and services, with a strong focus on connected aircraft. The company’s Connected Aircraft Solutions business unit provides a range of products and services for airline customers, including in-flight entertainment and connectivity, flight operations and maintenance. Honeywell’s GoDirect brand offers a range of data services for flight planning, aircraft performance and maintenance.

Inmarsat

Inmars

9. Future Outlook
The commercial aviation industry has been through a tough few years, with rising fuel costs and political uncertainty leading to stagnation in many markets. However, there are signs that the industry is beginning to turn a corner, and one area that is particularly exciting is the development of connected aircraft.

A connected aircraft is one that is able to communicate with ground infrastructure and other aircraft in order to improve efficiency and safety. The technology is still in its early stages, but there are already a number of benefits that have been demonstrated.

One of the most promising applications of connected aircraft technology is in the area of air traffic management. By communicating with ground infrastructure, aircraft can be routed more efficiently, reducing delays and congestion. This has the potential to save the aviation industry billions of dollars each year.

Another area where connected aircraft are beginning to make a difference is in safety. By sharing data on their location and status, aircraft can avoid collisions and other hazards. This information can also be used to improve emergency response times in the event of an accident.

The development of connected aircraft is still in its early stages, but the potential benefits are already clear. As the technology matures, we can expect to see even more applications that will transform the way we travel by air.

LIST OF KEY COMPANIES PROFILED:

 

    • Anuvu (Global Eagle Entertainment, Inc.) (U.S.)
    • BAE Systems PLC (Netherlands)
    • Cobham PLC (U.K.)
    • Collins Aerospace (Raytheon Technologies) (U.K.)
    • GOGO LLC (U.S.)
    • Honeywell International Inc. (U.S.)
    • Inmarsat Global Limited (U.S.)
    • Kontron (S&T) (U.K.)
    • Panasonic Avionics Corporation (Germany)
    • Thales (U.S.)
    • Viasat, Inc. (France)

Report Scope & Segmentation

 

  ATTRIBUTE

 

 

DETAILS

 

 

Study Period

 

 

2018-2029

 

 

Base Year

 

 

2021

 

 

Estimated Year

 

 

2022

 

 

Forecast Period

 

 

2022-2029

 

 

Historical Period

 

 

2018-2020

 

 

Unit

 

 

Value (USD Billion)

 

 

Segmentation

 

 

By Type

    • System
    • Solutions

 

 

 

By Connectivity

    • In-Flight Connectivity
    • Air-to-Air Connectivity
    • Air-to-Ground Connectivity

 

 

 

By Frequency

    • Ka-Band
    • Ku-Band
    • L-Band

 

 

 

By Application

    • Commercial
        • Narrow Body

       

        • Wide Body

       

        • Business Jet

       

        • General Aviation Aircraft

       

    • Military
        • Fighter Aircraft

       

        • Military Transport Aircraft

       

        • Military Helicopter

       

       

 

 

 

By Geography

 

    • North America (By Type, Connectivity, Frequency, Application, Region)
        • U.S. (By Type)

       

        • Canada (By Type)

       

       

    • Europe (By Type, Connectivity, Frequency, Application, Region)
        • U.K. (By Type)

       

        • Germany (By Type)

       

        • France (By Type)

       

        • Russia (By Type)

       

        • Italy (By Type)

       

        • Rest of Europe (By Type)

       

    • Asia Pacific (By Type, Connectivity, Frequency, Application, Region)
        • China (By Type)

       

        • India (By Type)

       

        • Japan (By Type)

       

        • Australia (By Type)

       

        • Rest of Asia Pacific (By Type)

       

    • Rest of the World (By Type, Connectivity, Frequency, Application, Region)
        • Middle East & Africa (By Type)

       

        • Latin America (By Type)

       

       

 

 

 

By Type

    • System
    • Solutions

 

 

 

By Connectivity

    • In-Flight Connectivity
    • Air-to-Air Connectivity
    • Air-to-Ground Connectivity

 

 

 

By Frequency

    • Ka-Band
    • Ku-Band
    • L-Band

 

 

 

By Application

    • Commercial
        • Narrow Body

       

        • Wide Body

       

        • Business Jet

       

        • General Aviation Aircraft

       

    • Military
        • Fighter Aircraft

       

        • Military Transport Aircraft

       

        • Military Helicopter

       

       

 

 

 

    • Anuvu (Global Eagle Entertainment, Inc.) (U.S.)
    • BAE Systems PLC (Netherlands)
    • Cobham PLC (U.K.)
    • Collins Aerospace (Raytheon Technologies) (U.K.)
    • GOGO LLC (U.S.)
    • Honeywell International Inc. (U.S.)
    • Inmarsat Global Limited (U.S.)
    • Kontron (S&T) (U.K.)
    • Panasonic Avionics Corporation (Germany)
    • Thales (U.S.)
    • Viasat, Inc. (France)

Why Choose MWR

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations

Unlimited User Access 

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions

Free Company Inclusion 

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis

Download Free Sample PDF

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF