Connected Aircraft Market Business Strategies, Technological Innovation, Trends & Top Players by 2027
GOGO LLC., Inmarsat Global Limited, Honeywell International Inc, Panasonic Avionics Corporation, Global Eagle, Airbus S.A.S., BAE Systems, Cobham Limited, Thales Group, and Viasat Inc.
The revolution has arrived in aviation industry in the form of connected aircrafts. Connected aircraft helps in improving fleet management, airline operations, aircraft turnaround time, flight safety, passenger experience, and costs. Connected aircraft concept allows the airline passengers to surf the internet at 30000 feet. Moreover, the concept of connected aircraft may boost the operational efficiency of the aircraft and can also improve communications, navigation, and surveillance (CNS) for air traffic management. Airframe manufacturing companies are also entering into connected aircraft business. For instance, Boeing is working on the possibility of offering satellite based In-flight Connectivity system (IFC) on its aircrafts such as 737s, 777s, and 787s.
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North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Focus on flight safety, growing demand of internet connectivity by passengers, and increasing procurement of new generation aircraft are the factors which drive the connected aircraft market. However, existing backlog of aircraft deliveries and cyber security concerns are hampering the growth of the market. Contrarily, upgradation of plans of military aircrafts from several countries may generate new possibilities in connected aircraft market.
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Focus on flight safety
Currently airline industries are facing the need of real time weather data collecting systems in order to ensure flight safety from changing weather conditions. Such needs can be fulfilled by concept of connected aircraft. Hence, owing to the increase in the focus of the flight safety measures, the global connected aircraft market is expected to grow.
Demand of internet connectivity by passengers
Passengers demand high speed internet during their journey in aircraft. For meeting the needs of customers, aviation industries & operators are working on providing satellite-based connectivity solutions to the passengers. This will provide the fastest possible internet connections during the flight hours. Hence, demand in connected aircraft market is expected to increase in upcoming time owing to the demand of internet connectivity by passengers.
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Key benefits of the report:
1 This study presents the analytical depiction of the connected aircraft industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the connected aircraft market share.
3 The current market is quantitatively analyzed from 2020 to 2027 to highlight the connected aircraft market growth scenario.
4 Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5 The report provides a detailed analysis on connected aircraft market based on competitive intensity and how the competition will take shape in coming years.
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