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The global connected aircraft market size was USD 2.89 billion in 2021. The market is expected to grow from USD 3.45 billion in 2022 to USD 16.58 billion by 2029, exhibiting a CAGR of 25.14% during the forecast period.
This information is provided by Fortune Business Insights, in its report, titled, “Connected Aircraft Market Size, Share & Industry Analysis, By Type (System and Solutions), By Connectivity (In-flight Connectivity, Air-to-Air Connectivity, and Air-to-Ground Connectivity), By Frequency (Ka-Band, Ku-Band, and L-Band), By Application (Commercial and Military), and Regional Forecast, 2022-2029.”
Influence of Russia-Ukraine War Tragedy on the Aviation Sector
China Airlines Refines Inflight Internet
China Airlines’ first Airbus A321neo aircraft engaged in commercial service, offering a refined onboard experience that involves Inmarsat’s high-speed GX Aviation inflight Wi-Fi, permitting passengers to impeccably browse the internet, stream video and audio, shop online, and catch-up with work, all from the luxury of their home.
GX Aviation verified to be popular during the introductory flight from Taoyuan to Hong Kong, with admission offered through the internet ONAIR solution from Inmarsat’s partner SITA, which has also been nominated as connectivity service giver by the Taiwan national carrier.
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Surge in Demand for Modernization of Present Connected Aircraft Fleet to Augur Growth
The rise in functional proficiency requirement has generated a great demand to substitute conventional data optimization and data connection systems with more dependable systems. Aircraft are being deployed with aircraft interface devices and wireless electronic flight bags.
The surge in demand for high-speed internet connectivity is attributed numerous applications. However, prime corporations are implementing the SATCOM and broadband as solutions, and thus necessitating substitute speeded transmission module, thereby leading to the connected aircraft market growth.
Prime Corporations Announce Significant Accomplishments to Gain Traction in Revenue
The fundamental players implement numerous tactics to bolster their position in the market as dominating companies. One such crucial strategy is procuring companies to boost the brand value among users. Another essential strategy is periodically unveiling innovative products with a methodical review of the market and its target audience.
Notable Industry Development:
List of Key Players Mentioned in the Report:
Further Report Findings:
North America held the largest connected aircraft market share in 2021. North America market size stood at USD 1.10 billion in 2021. The growth is attributed to the presence of A large number of connected aircraft system and service providers such as Gogo LLC, Viasat, Inc, Collins Aerospace, and others.
Based on connectivity, the market is classified into in-flight connectivity, air-to-air connectivity, and air-to-ground connectivity segment. The in-flight connectivity segment is projected to be the largest segment during the forecast period. The growth is due to the high demand for lightweight vessels.
Table of Segmentation:
Value (USD Billion)