Market Overview
Modern aircraft are integrated with data-centric architecture to capture real-time information from take-off to landing, which assists in improving the safety and efficiency of the aircraft. Data sharing with other aircraft and ground-based operational teams also help improve efficiency and ensure safety during emergencies. The high demand for onboard infotainment services and live telecast of news and sports events for entertainment purposes is expected to bolster the growth of the global connected aircraft market.
Competitive Landscape
The key players in the global connected aircraft market are Airbus SAS (France), BAE Systems PLC (UK), Cobham PLC (UK), Gogo Inc. (US), Honeywell International Inc. (US), Inmarsat PLC (UK), Panasonic Avionics Corporation (US), S&T AG (Austria), SITA (Switzerland), Thales Group (France), Apple Aviation (UK), Global Eagle Entertainment Inc. (US), IBM Corporation (US), and Viasat Inc. (US)
Market Segmentation
The global connected aircraft market has also been segmented by type, aircraft type, connectivity, application, frequency band, and region.
Based on type, the market has been divided into systems and solutions. The solutions segment dominated the market with a valuation of USD 2,649.6 million in 2018 and is expected to reach USD 6,479.1 million by 2024. The systems segment is projected to exhibit a higher CAGR of 17.09% during the forecast period.
On the basis of aircraft type, the global connected aircraft market has been classified as fixed-wing and rotary-wing. The fixed-wing segment was larger, valued at USD 523.3 million in 2018; it is projected to reach USD 6,302.1 million by 2024. The rotary-wing segment is expected to register a higher CAGR of 17.57% during the forecast period.
Access Full Report Details and Order this Premium Report @
https://www.marketresearchfuture.com/reports/connected-aircraft-market-6039
Regional Analysis
Asia-Pacific was the third-largest market in 2018. The market includes China, India, Japan, South-East Asia, and the rest of Asia-Pacific. The regional market was valued at USD 555.7 million in 2018 and is expected to reach USD 1,638.4 million by 2024 at the highest CAGR of 19.75% during the forecast period. In Asia-Pacific, market growth is significantly driven by the increasing number of airlines operating on international routes, which is expected to create lucrative opportunities for market players during the review period. Furthermore, the growing air passenger traffic in emerging economies, such as China and India, is propelling the growth of the global connected aircraft market in Asia-Pacific.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
