Recent report published by research nester titled “Connected Aircraft Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global connected aircraft market in terms of market segmentation by components, by connectivity technology and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The connected aircraft are equipped with entertainment technologies such as audio and video games, movies and radios. It is also equipped with the global positioning system (GPS) technology which can be used to get the real time location of the aircrafts. The connected aircraft enhances the safety of the passenger. The global connected aircraft market can be segmented on the basis of components and connectivity technologies. On the basis of components, it is sub-segmented into aircraft condition monitoring system (ACMS), aircraft communication & reporting system (ACRS) and electronic fleet bag.
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Aircraft communication & reporting system (ACRS) is anticipated to lead the global connected aircraft market. Aircraft communication & reporting system (ACRS) enhances the safety and security of passenger traveling in the aircraft. Aircraft communication & reporting system (ACRS) enhances the communication between the ground staff for better flight management. On the basis of connectivity technologies, it is sub-segmented into Ku-Band, Ka-Band and L Band. Ka- Band has larger application in comparison to other sub-segment on the account of high frequency range in comparison to other sub-segments.
The global connected aircraft market is anticipated to expand at a CAGR around 17.4 % during 2018-2027. It is expected to reach around USD 19.0 billion by 2027. The increasing safety concern coupled with increasing technological up gradation is anticipated to increase the global connected aircraft market size.
By region, global connected aircraft market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to lead the global connected aircraft market on the account of presence of key players such as Bombardier and Boeing in the region. Additionally, increasing demand for the upgraded technology by the passenger is also expected to fuel the demand for the connected aircraft market in the region. Asia-Pacific is anticipated to be fastest developing region on the account of increasing disposable income coupled with growing number of passenger throughout the forecast period.
Rising safety concern and increasing need for upgrading the traditional technology is anticipated to fuel the demand for the connected aircraft
The increasing passengers concern about the safe and secure travelling in the aircraft is driving the connected aircraft market throughout the forecast period. The connected aircraft provides the opportunity to passenger to track and get the location of the aircraft through global positioning system (GPS). The ground technical staff may also transfer the data with other technical staff working on the aircraft.
The increasing number of flight passengers coupled with growing demand for the enhanced equipment for entertainment purpose is anticipated to upsurge the market growth of the connected aircraft across the globe. The various manufacturers operating in the global connected aircraft market are inclined towards integrating advanced technologies in the aircraft such as video games, high definition audio and video games in order to cater to the growing demand for the aircraft equipped with advanced technologies.
This report also provides the existing competitive scenario of some of the key players of the global connected aircraft market which includes company profiling of key companies such as Honeywell International, Inc, Panasonic Corporation, Inmarsat plc, Rockwell Collins, Inc., Iridium Communications Inc, Zodiac Aerospace, Intelsat, S.A, Eutelsat S.A., Gogo Inc, Kontron AG and Thales Group.
The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global connected aircraft market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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