Connected Aircraft Market Growing Demand to Impact Revenue Share by 2027


Posted July 11, 2019 by sandeep_roy

Connected Aircraft Market categorizes global market by Type (Systems, Solutions), Application (Commercial, Military), Connectivity (Inflight, Air-to-Air, and Air-to-Ground Connectivity), Frequency Band (Ka-Band, Ku-Band, L-Band), and Region.

 
The report "Connected Aircraft Market by Type (Systems, Solutions), Application (Commercial, Military), Connectivity (Inflight, Air-to-Air, and Air-to-Ground Connectivity), Frequency Band (KA-Band, KU-Band, L-Band), and Region - Global Forecast to 2027 ", is projected to grow from USD 3 billion in 2017 to USD 16 billion by 2027, at a CAGR of 17% during the forecast period. The rise in the number of aircraft deliveries, operational efficiency, upgradation of existing aircraft fleet, and need for passenger and airline safety are other factors driving the connected aircraft market.

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Based on type, the solutions segment is expected to grow at a higher rate during the forecast period.

The solutions segment is expected to grow at a higher rate during the forecast period. This growth is attributed to an increase the increase in demand for high-speed connectivity for internet access from passengers.

Based on application, the commercial segment of the connected aircraft market is projected to grow at a higher CAGR from 2017 to 2027

Based on application, the commercial segment is projected to grow at a higher CAGR during the forecast period. Increasing aircraft orders from emerging countries, such as China and India is driving the commercial segment.

Based on connectivity, the inflight connectivity segment of the connected aircraft market is projected to grow at the highest CAGR from 2017 to 2027.

Based on connectivity, the inflight connectivity segment of the connected aircraft market is projected to grow at the highest CAGR during the forecast period. The increasing demand for high-speed connectivity in commercial aircraft and increasing emphasis on passenger experience during air travel are factors contributing to the growth of inflight connectivity segment.

Asia Pacific is expected to be the fastest-growing market for connected aircraft during the forecast period.

Asia Pacific is expected to be the fastest-growing market for connected aircraft during the forecast period. The growth can be attributed to an increase in air passenger traffic in emerging countries, such as India and China and rise in the number of commercial aircraft manufacturers in the region.

Key Market Players:

Major players operating in the connected aircraft market include Gogo (US), Honeywell (US), Panasonic Avionics (US), Global Eagle Entertainment (US), and Inmarsat (UK). Key players offer various connected aircraft solutions and systems. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.

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Study Coverage

This report segments the connected aircraft market based on type, application, connectivity, frequency band, and region. Based on type, the market is segmented into systems and solutions. Based on application, the market is segmented into commercial and military. Based on connectivity, the market is segmented into inflight connectivity, air-to-air connectivity, and air-to-ground connectivity. Based on frequency band, the market is segmented into Ka-band, Ku-band, and L-band. Based on region, the connected aircraft market is segmented into North America, Europe, Asia Pacific, the Middle East, and Rest of the World.

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Issued By MarketsandMarkets Research Pvt. Ltd.
Country United States
Categories Aerospace , Technology , Wireless
Tags Connected Aircraft Market , Aerospace Connectivity Market , In-flight Connectivity Market
Last Updated July 11, 2019