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Connected Aircraft Market to Reach $10.49 Bn by 2027; Rising Adoption of Predictive Analytics to Augment Growth

January 08, 2021 | Aerospace & Defense

The global connected aircraft market size is projected to reach USD 10.49 billion by 2027. The increasing adoption of predictive analytics for alerting about real-time technical conditions would boost growth. It would help in maintaining crew spot issues and repairing glitches efficiently. Fortune Business Insights™ published this information in a new study, titled, “Connected Aircraft Market Size, Share & COVID-19 Impact Analysis, By Type (System and Solutions), By Connectivity (In-Flight Connectivity, Air-to-Air Connectivity, Air-to-Ground Connectivity), By Application (Commercial and Military), By Frequency (Ka-Band, Ku-Band, L-Band), and Regional Forecast, 2020-2027.” The study further mentions that the market size was USD 4.18 billion in 2019. But, it is set to exhibit a CAGR of 22.9% during the forecast period between 2020 to 2027.


Panasonic and Nelco Sign Agreement to Provide Satellite Connectivity Services in India


In February 2020, Panasonic Avionics Corporation signed an agreement with Nelco Limited to deliver satellite connectivity services to those flying to India via the Indian airspace. Under the latter’s Department of Telecommunications license for In-Flight and Maritime Connectivity (IFMC), Panasonic will be the first satellite communications provider.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/connected-aircraft-market-101954


Rising Demand for Broadband Connectivity to Accelerate Growth


The increasing need for operational efficiency is set to result in the rapid shift of people towards more efficient systems. They are now looking forward to replacing the data connection and conventional data optimization systems. These would also include wireless electronic flight bags (EFB) and aircraft interface devices (AID).


Moreover, the increasing usage of broadband connectivity and SATCOM solutions in the aircraft would propel the connected aircraft market growth in the near future. Renowned airlines, such as Qatar Airways are investing huge sums in enhancing the inflight experiences of passengers by installing Ku-band high-speed connectivity solutions. However, the COVID-19 pandemic is likely to hinder the demand for connected aircraft because of the declining or postponement of new order deliveries.


Key Players Aim to Gain a Competitive Edge by Winning New Contracts


The market for connected aircraft houses several manufacturers that are mainly focusing on achieving new contracts from government or private airline agencies to deliver their unique products. Honeywell International, for instance, is considered to be a significant company globally. It provides IoT-based products and possesses a strong branding strategy.  


Fortune Business Insights™ lists out the names of all the prominent connected aircraft manufacturers present in the global market. They are as follows:



  • Honeywell International (The U.S.)

  • Gogo LLC (The U.S.)

  • Thales Group (France)

  • Inmarsat Global Ltd. (The U.K.)

  • Collins Aerospace (The U.S.)

  • Viasat (The U.S.)

  • Global Eagle Entertainment Inc. (The U.S.)


A Noteworthy Industrial Development-



  • November 2019: Qatar Airways is planning to modernize the inflight connectivity by providing on its A380 and 787 aircraft under a new contract with Gogo. It will enable the company to cover almost 70 aircraft that are presently flying with the SwiftBroadband service. The deal also contains high-speed 2Ku connectivity and live television.


Further Report Findings-



  • In 2019, North America generated USD 2.00 billion in terms of revenue and is set to retain its dominant position throughout the forthcoming years. This growth is attributable to the rising number of military upgradation and modernization programs taking place in various countries, such as the U.S.

  • Asia Pacific is anticipated to grow rapidly because of the rising demand for air travel and increasing aircraft deliveries in this region.

  • Based on frequency, the Ku-band segment procured 55% in terms of the connected aircraft market share in 2019. The high demand for satellite communication in the aircraft would bolster growth.


The global market can be segmented in the following way:














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



   Value (USD Billion)



Segmentation



By Type



  • System

  • Solutions



By Connectivity



  • In-Flight Connectivity

  • Air-to-Air Connectivity

  • Air-to-Ground Connectivity



By Application



  • Commercial

    • Narrow Body

    • Wide Body

    • Business Jet

    • General Aviation Aircraft



  • Military

    • Fighter Aircraft

    • Military Transport Aircraft

    • Military Helicopter





By Frequency



  • Ka-Band

  • Ku-Band

  • L-Band



By Region



  • North America (By Type, Connectivity, Application, Frequency, Country)

    • The U.S. (By Application)

    • Canada (By Application)



  • Europe (By Type, Connectivity, Application, Frequency, Country)

    • The U.K. (By Application)

    • Germany (By Application)

    • France (By Application)

    • Italy (By Application)

    • Russia (By Application)

    • Rest of Europe (By Application)



  • Asia-Pacific (By Type, Connectivity, Application, Frequency, Country)

    • China (By Application)

    • Japan (By Application)

    • India (By Application)

    • Australia (By Application)

    • Rest of Asia-Pacific (By Application)



  • Rest of the World (By Type, Connectivity, Application, Frequency, Country)

    • Latin America (By Application)

    • The Middle East & Africa (By Application)




Connected Aircraft Market
  • PDF
  • 2019
  • 2016-2018
  • 150

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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