Connected Aircraft Market – Overview
The upsurge in air travel globally has led to improvement in the overall designs of aircrafts, one of which includes enabling better and seamless communication. Market reports linked to the aerospace industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market for connected aircraft market is expected to observe a CAGR of over 16% in the forecast period.
The amplified technological innovations in satellite communication and the need for improved passenger experience are motivating the expansion of the connected aircraft market. The mounting need to enable air passengers with in-flight entertainment is a key factor that is spurring the progress of the connected aircraft market. The connected aircraft market is predicted to be driven by the important investments that are being directed to the development of the connected aircraft designs in the forecast period.
Connected Aircraft Market Segment Analysis
The segmentation of the connected aircraft market globally is conducted on the basis of application, type, aircraft type, frequency band, connectivity, and region. On the basis of type, the connected aircraft market is segmented into systems and solutions. On the basis of application, the connected aircraft market consists of military and commercial. The segmentation on the basis of aircraft type comprises of rotary wing and fixed wing. The segmentation of the connected aircraft market based on connectivity comprises of inflight, air-to-ground, aircraft-to-aircraft. The segmentation carried out on the basis of frequency band consists of Ku-, Ka-, L-. The regions that are part of the segmentation of the connected aircraft market are North America, Asia Pacific, Europe, the Middle East & Africa, and South America.
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Detailed Regional Analysis
The regional analysis of the connected aircraft market covers regions such as Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The North American region dominated the market in 2017, owing to the existence of Bombardier and Boeing, the chief commercial aircraft manufacturers, and airlines such as United Airlines and American Airlines. The Asia Pacific region is the next region following the North American region in the connected aircraft market globally due to urbanization and rise in the disposable income, elevated travel rate of passengers, and increasing air passenger traffic.
Connected Aircraft Market – Competitive Analysis
The incidence of productive units is projected to generate more sales or greater margins as compared to its market adversaries. The market competitors find themselves in an encouraging position with the capacity to handle the pace of change. The making of a strong value chain is additionally encouraging the development of the market. The beginning of new technology is furthering the growth capability of the market. The market has the elements for displaying a better comparative or differential value. Extensive reductions in administrative finances are bringing more developments to the market. The market trends imply useful growth of the products that can bring in advances to the product range and tackle the customer need better.
The significant contenders in connected aircraft market globally are Panasonic Avionics Corporation (U.S.), SITAONAIR (Switzerland), Honeywell International Inc. (U.S.), Apple (U.S.), Kontron AG (Germany), Spafax (U.K), Inmarsat plc (U.K), Gogo Inc. (U.S.), Global Eagle Entertainment Inc. (U.S.), Thales Group (France), Cobham plc (U.K), IBM (U.S.), Google (U.S.), and Microsoft (U.S.).
Industry Updates:
Feb 2019 Curtiss Wright and Honeywell Aerospace are creating a new generation of flight data and cockpit voice recorders, with the intention of bringing cloud upload functionality and real-time data streaming to the technology usually referred to as “black boxes”. Both the companies plan to present the new recorders as separate CVRs and Flight Data Recorders (FDRs), or as a joint voice and flight data recorder. Honeywell’s connected aircraft software will also aid real-time data streaming and cloud upload competences.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
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