In a recent published report, Kenneth Research has updated the market report for Connected Aircraft Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Connected Aircraft Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Connected Aircraft Market is estimated to reach $11.7 billion by 2025; growing at a CAGR of 17.2% from 2017 to 2025. Connected aircraft has capability to send & receive the real time data from ground based operating systems, which delivers the critical information associated to avionic system in real time. To help the real time data capturing, airplanes are used as node in the sky to capture the hundreds of gigabytes of data from take-off to landing which helps to enhance safety and efficiency of flight. In order to meet the growing demand of high speed internet access from customers during air travel, many operators across the globe are executing broadband and satellite-based connectivity solutions to their aircrafts. Data sharing with other aircraft & ground-based operational teams can help in the transmission of critical data & increase the safety in times of crises. On-board infotainment services are expected to be high. With these trends, the connected aircraft market is expected to grow over the forecast period.
The global connected aircraft market is driven by growth in aircraft deliveries, rising requirement for operational efficiency, mounting need for airline & passenger safety, and growing need to advance existing connectivity systems. Replacement of traditional data connections & data optimization are limiting the growth of this market. Furthermore, focus on reducing maintenance time might support new opportunities for players in this market.
The connected aircraft market has been categorized on the basis of type, connectivity, frequency band, application, and geography. Type includes solutions, and systems. By connectivity, market is categorized into air-to-air connectivity, inflight connectivity, and air-to-ground connectivity. Frequency band includes Ku-band, Ka-band, and L-band. Further, the market is bifurcated on the basis of application as military, and commercial.
Global connected aircraft market, on the basis of geography is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The key players operating in the market are Honeywell International, Inc., Panasonic Avionics Corporation, Global Eagle, SITA OnAir, Thales SA, Kontron AG, Inmarsat plc, Gogo, Inc., Cobham plc, and IBM, among others.
The key takeaways from the report:
The report will provide detailed analysis of Global Connected Aircraft Market with respect to major segments such as type, connectivity, frequency band, and application
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Connected Aircraft Market has been included in the report
Profile of the key players in the Global Connected Aircraft Market will be provided, which include key financials, product & Synthetic Platelets, new developments and business strategies
Scope of the Global Connected Aircraft Market:
Type Segments
Solutions
Systems
Connectivity Segments
Air-to-Air Connectivity
Inflight Connectivity
Air-to-Ground Connectivity
Frequency Band Segments
Ku-band
Ka-band
L-band
Application Segments
Military
Commercial
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Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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