The Global Connected aircraft market projected to register a CAGR around 16% from 2017 to 2023.
Connected aircraft is designed to facilitate air passengers with in-flight entertainment by providing high-quality audio, video, games, flight details, music, movies, radio, and news. Furthermore, it assists in providing flight safety instructions in local languages. This will benefit the passengers in terms of comfort, reduce pilot and flight crew workload, cut maintenance time and costs, and lower the overall cost of ownership. Passengers can directly get connected to broadcast satellite and have access to international news and GPS maps; this is expected to drive the globally connected aircraft market. Of late, modern aircraft are integrated with data-centric architectures to capture real-time information. As a result, the aircraft operates as a mode to capture gigabytes of data from take-off to landing, which assists in improving the safety and efficiency of the aircraft, thus, increasing the connected aircraft market demand.
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The increased technological innovations in satellite communication, enhanced passenger experience, increasing need to upgrade existing connectivity systems, and improvement in aircraft operational efficiency will enable manufacturers to offer new growth opportunities for the market players. For instance, the passenger experience is improved by enhancing in-flight entertainment, connectivity, and better comfort. The factors responsible for the growth of the global market is the increased need for operational efficiency, rising aircraft deliveries, and growing need to upgrade the existing connectivity systems. In addition, the rise in the adoption rate of hardware for aircraft connectivity augments the connected aircraft market growth.
Connected aircraft facilitates in-flight entertainment to air passengers with the provision of high-quality audio, video, games, flight details, music, movies, radio, and news. In addition to that, it will benefit the passenger in terms of comforts, reduce pilot and flight crew workload, cut maintenance time and costs, and lower cost of ownership.
Segmentation:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South America. As of 2017, the North American region dominated the market, due to the presence of Boeing and Bombardier, the major commercial aircraft manufacturers, and airlines such as American Airlines and United Airlines. The Asia Pacific region is second to the North American region in the global connected aircraft market due to urbanization and increase in the disposable income, high travel rate of passengers, and rising air passenger traffic.
Key Players:
The key players in global connected aircraft market are Honeywell International Inc. (U.S.), Panasonic Avionics Corporation (U.S.), SITAONAIR (Switzerland), Thales Group (France), Kontron AG (Germany), Inmarsat plc (U.K), Gogo Inc. (U.S.), Global Eagle Entertainment Inc. (U.S.), Cobham plc (U.K), IBM (U.S.), Google (U.S.), Spafax (U.K), Apple (U.S.), and Microsoft (U.S.).
The scope of the Report:
This study provides an overview of the Global Connected Aircraft Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global connected aircraft market by its type, purpose, end-user and region.
Market Highlights:
The high demand for onboard infotainment services and live telecast of news and sports events for entertainment purposes will bolster the growth of the global connected aircraft market. Therefore, significant investments have been made on the development of the connected aircraft design, which would witness a rapid growth during the forecast period. However, a major restraint of the market is the cyber-security concerns by the airlines, especially in the emerging economies. In addition to that, the inconsistency & replacement of traditional data connection, data optimization with the modern systems, and slack in the data package delivery can hamper the growth of connected aircraft market.
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