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  • Connected Aircraft Market Forecast | 2023-2028

    Connected Aircraft Market Forecast | 2023-2028

    Connected Aircraft Market Forecast | 2023-2028
    Report code - SRAD268 Delivery - 2 Weeks
    Connected Aircraft Market Size, Share, Trend, Forecast, & Industry Analysis – 20 See more...

    Market Insights

    Connected Aircraft Market size was valued at USD 4.72 billion in 2022 and is forecast to grow to USD 13.58 billion by 2028 at a CAGR of 19% during 2023-2028.

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    What is connected aircraft?

    A connected aircraft refers to an aircraft equipped with advanced communication and information technologies that allow it to connect to various networks, both on board and externally. These technologies enable data exchange, communication, and information sharing between different components within the aircraft as well as between the aircraft and ground-based systems.

    Connected Aircraft Market Report Overview

    Market Size in 2028

    USD 13.58 Billion

    Market Size in 2022

    USD 4.72 Billion

    CAGR (2023-2028)

    CAGR of 19%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    Increase in Procurement of Technologically Advanced Aircraft by Airlines to Increase the Product Demand

    Increase in procurement by Commercial and Defense Sectors: The rise in commercial and defense sectors' procurement of advanced aircraft and drones has increased product demand due to the need for efficient SATCOM service, better connectivity, satellite components, airplane hardware, and other services.

    Surge in Travel: The global surge in passenger travel necessitates increased fleet deployment for civilized transportation and delivery operations. Implementing an embedded aircraft system ensures reliable communications, and maintenance, and prevents component failures and repair services.

    Emergence of Connectivity Ecosystem Technology: Universal Avionics introduced Connectivity Ecosystem Technology in April 2022, enabling pilots to connect their Apple iPad to the flight management system, enabling two-way communication, data collection, and uploading/downloading of FMS data.

    Introduction of Common Missile Warning System: BAE Systems was awarded USD 22 million in April 2022 for supplying AN/AAR-57, a common missile warning system for electronic warfare, with over 3,000 CMWS units installed to protect aircraft and their crews.

    Introduction of Fully Automated Airports: In February 2022, India 's aviation minister announced plans to build eight fully automated airports and add 120 new aircraft annually, aiming to increase the demand for essential services for aircraft maintenance and flight operations.

    Rise in Demand for Modernization of Existing Aircraft Fleet to Boost Growth

    A surge in Operational Efficiency The surge in operational efficiency demands has prompted a significant demand for reliable data systems, leading to the installation of aircraft interface devices and wireless electronic flight bags.

    Surge in Demand for High-Speed Internet Connectivity: High-speed internet connectivity demand is driving market growth, with major companies adopting SATCOM and broadband solutions. Qatar Airways offers Ku-band high-speed connectivity solutions for live television on 70 aircraft orders, providing uninterrupted connections for service providers and passengers with potential for future growth.

    Surge in Demand for Commercial Aircraft: The demand for advanced commercial aircraft has surged, with developed countries focusing on innovative manufacturing. Modernization of air traffic management infrastructure, including air navigation services, is improving global aviation industry efficiency and reducing flight delays.

    Strong Technological Security Support: Maintenance is crucial for operators, with 86% of service providers focusing on IT programs and mobile apps. 95% promote cloud initiatives, as cloud computing complements cyber security efforts due to technology's security benefits.

    Key Players

    Some of the top players in the connected aircraft market are-

    • Bae Systems Plc
    • Cobham Plc
    • Gogo Inc.
    • Honeywell International Inc.
    • Inmarsat Plc
    • Kontron AG
    • Thales Group
    • Panasonic Avionics Corporation
    • Rockwell Collins

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Type Analysis

    Systems, Solutions

    Solutions segment was estimated to remain dominant in 2022.

    Application Type Analysis

    Commercial, Military

    Commercial segment is expected to grow at a higher rate during the forecast period.

    Connectivity Type Analysis

    Inflight Connectivity, Air-To-Ground Connectivity, and Aircraft-To-Aircraft Connectivity

    Inflight entertainment is the major growth driver of the inflight connectivity segment during the forecast.

    Frequency Type

    Analysis

    Ka-Band, Ku-Band, and L-Band

    Ku-band segment is estimated to depict the highest growth rate during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World

    North America dominated the connected aircraft market in 2022.

     

    By Type

    Based on the type, the market is segmented into systems and solutions. The solutions segment was estimated to remain dominant in 2022 and is anticipated to continue its dominance in the coming five years. This growth is owing to the rising air passenger traffic and the escalating demand for inflight connectivity which are the factors boosting the growth of this segment.

    By Application Type

    Based on the application type, the market is segmented as commercial and military. The commercial segment is expected to grow at a higher rate, driven by the growing aircraft orders from the Asia-Pacific and Middle Eastern countries.

    By Connectivity Type

    Based on the connectivity type, the market is segmented as inflight connectivity, air-to-ground connectivity, and aircraft-to-aircraft connectivity. The rising claim for inflight entertainment and passenger connectivity is the major growth driver of the inflight connectivity segment during the forecast.

    By Frequency Type

    Based on the frequency type, the market is segmented as Ka-band, Ku-band, and L-band. The Ku-band segment is estimated to depict the highest growth rate owing to its capability to transmit high-speed data, during the forecast period.

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    By Region

    In terms of regions, North America dominated the connected aircraft market in 2022 and is expected to continue its dominance during the forecast period. There are global giant commercial aircraft manufacturers and airlines in the North American region, such as Boeing (US), American Airlines (US), United Airlines (US), and Bombardier (Canada), which create a huge demand for connected aircraft products in the coming five years. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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    Research Methodology

    This connected aircraft market report offers high-quality insights and results from a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence most comprehensively. The connected aircraft market report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.

    What Deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Connected Aircraft Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and what is their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

     

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    A connected aircraft refers to an aircraft equipped with advanced communication and information technologies that allow it to connect to various networks, both on board and externally. These technologies enable data exchange, communication, and information sharing between different components within the aircraft as well as between the aircraft and ground-based systems.

    The market is forecast to grow at a CAGR of 19% during 2023-2028.

    The market size was valued at USD 4.72 billion in 2022 and is forecast to grow to USD 13.58 billion by 2028.

    Some of the major players in the connected aircraft market are Bae Systems Plc, Cobham Plc, Gogo Inc., Honeywell International Inc., Inmarsat Plc, Kontron AG, Thales Group, Panasonic Avionics Corporation, and Rockwell Collins.

    The solutions segment is expected to remain dominant in the connected aircraft market in the coming years.

    The commercial segment is expected to grow at a higher rate in the connected aircraft market during the next five years.

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