Connected Aircraft Market Size Worth $10,101.1 Million by 2026; Growing Need for Efficient Aircraft Fleet Management to Fuel Market Demand: Fortune Business Insights(TM)

The global Connected Aircraft Market size is expected to touch $10,101.1 million by 2026, registering a CAGR of 18.8% during the forecast period. Staggering rise in the number of air travelers is playing a central role in propelling the growth of this market. According to the International Civil Aviation Organization (ICAO), in 2018, airlines transported 4.3 billion passengers, showing an increase in global flight departures by 38 million from 2017 levels.

In terms of value, air travel accounted for 35% of world trade, the ICAO states. This fast-paced rise in air transport has led to an upsurge in the demand for aircraft across the globe. Added to this is the increasing disposable income, especially in Asia-Pacific, that is fueling the demand for better in-flight entertainment, making connected aircraft even more relevant in today's day and age. As a result, many OEMs have been spurred into action to come up with novel solutions to meet the ever-escalating demands of air passengers, augmenting the Connected Aircraft Market growth.

Fortune Business Insights shares the above information in its new report, titled "Connected Aircraft Market Size, Share & Industry Analysis, By Type (Systems and Solutions), Connectivity (Inflight, Air to Air, and Air to Ground Connectivity), Application (Commercial and Military), Frequency Band (Ka-Band, Ku-Band, and L-Band) and Regional Forecasts, 2018-2026". According to the report, this market was valued at $2,250.2 million in 2018.

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The report further provides the following information:

Comprehensive analysis of the factors, drivers, and restraints impacting the share, size, and overall growth of the market.
Careful segregation of the market into different segments and in-depth research into the individual segments.
An exhaustive study of the regional and competitive aspects influencing the development of the market.
Growing Preference for Digitization of Processes to Energize the Market

One of the leading Connected Aircraft Market trends is the rapid adoption of digital technologies in the aviation industry. Airlines are aggressively digitizing their services and processes to make fleet management more efficient and economical. For instance, digitization has allowed airliners to provide ground control systems real-time data, enabling them to better monitor aircraft health. Furthermore, predictive analytics have streamlined maintenance schedules for aircraft carriers. Lastly, the greatest beneficiaries of digitization are the passengers who now have access to in-flight internet and other modes of entertainment, enhancing their overall in-flight experience. Besides this, digitization can also aid in monitoring threats through real-time data collection and analysis, empowering government agencies to take preventive action.

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List of Top Players Covered in the Connected Aircraft Market Report includes;

Digecor
Global Eagle Entertainment
Viasat
BAE Systems
Panasonic Avionics
Gogo
Kontron
Zodiac Aerospace
Collins Aerospace
Inmarsat
Thales Group
Honeywell International
Robust Aviation Industry to Drive the Market in North America

The market size in North America was at $969.1 million in 2018 and the region is expected to dominate the Connected Aircraft Market share in the forthcoming years. The main factors for its dominance include a robust aviation industry, rising number of aircraft deliveries, and presence of aviation giants such as Boeing and Bombardier in the region.

Willing uptake of advanced aircraft technologies along with a thriving aviation industry will be the primary growth driver for the market in Europe. In Asia-Pacific, considerable growth is foreseen owing to the increasing domestic air connectivity, growing number of airports, and rising disposable incomes in India and China.

Strategic Collaborations to Usher in a New Wave of Innovation

The Connected Aircraft Market forecast predicts an exciting period for the market as key players enter into strategic partnerships with other competitors and outside organizations. These collaborations are accelerating the rate and intensity of innovations that are reshaping the market dynamics.

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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
Latest technological Advancements
Porters Five Forces Analysis
Value Chain Analysis/Supply Chain Management
Global Connected Aircraft Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Type
Systems
Solutions
Market Analysis, Insights and Forecast - By Connectivity
Inflight Connectivity
Air-to-Air Connectivity
Air-to-Ground Connectivity
Market Analysis, Insights and Forecast - By Application
Commercial
Military
Market Analysis, Insights and Forecast - By Frequency Band
Ka-Band
Ku-Band
L-Band
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia- Pacific
Middle East
Rest of the world
TOC Continued...!

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