Connected Aircraft Market Analysis | 2023-2028

"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".

Wish to get a Free Sample? Register Here

Market Dynamics

Introduction

A connected aircraft is 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 and between the aircraft and ground-based systems.

Market Drivers

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.

Segment Analysis

By Type

"Solutions segment was estimated to remain dominant in 2022" 

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

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

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

"Inflight entertainment and passenger connectivity is the major growth driver of the inflight connectivity segment" 

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

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

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.

To get the full scope of the report, Register here

By Region

"North America dominated the connected aircraft market in 2022"

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.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The following are the key players in the Connected Aircraft Market (arranged alphabetically)

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

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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?

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.

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