2021 Analysis and Review: Connected aircraft Market size by Product Type- 2021-2027


Posted December 7, 2021 by james4220

connected aircraft Market size by Type (Systems, Solutions), Application (Commercial, Military), Connectivity (Inflight, Air-to-Air, and Air-to-Ground Connectivity).
 
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 size.
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Competitive Landscape
The key players in the global connected aircraft Market size 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 size 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 size 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.
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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 size in Asia-Pacific.
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Issued By james
Business Address India
Country India
Categories Advertising
Tags connected aircraft market size
Last Updated December 7, 2021