Press release
Soaring Heights: Growth, Drivers, and Trends in the Connected Aircraft Market
Expect unprecedented growth rates and technology advancements to define the future of the Connected Aircraft Market.What Is The Projected Market Size Of The Global Connected Aircraft Market And Its Growth Rate?
The Connected Aircraft Market has been making considerable strides with the market size expected to grow as follows:
• From $7.84 billion in 2024 to $9.16 billion in 2025 at a CAGR of 16.9%.
• This growth can be attributed to demand for operational efficiency, enhanced safety, situational awareness, rise in air passenger traffic, fuel efficiency, emissions reduction, government regulations and standards, and increased aircraft complexity.
• The market size is predicted to reach $16.16 billion in 2029 at a CAGR of 15.2%.
• The rapid growth in the forecast period can be attributed to next-gen air traffic management, demand for in-flight connectivity, predictive maintenance and health monitoring, smart cabin solutions, integration with ground operations, urban air mobility (UAM) expansion, and green aviation initiatives.
What Is Driving The Growth In The Connected Aircraft Market?
The surge in air passenger travel is a key growth catalyst for the connected aircraft market. Boarding an aircraft for traveling from one location to another has seen impressive growth rates, spurring airlines to add aircraft to their fleets to meet passenger needs. According to the International Air Transport Association, Canada-based trade association data demonstrates that total traffic in 2022 increased by 64.4% over 2021. International traffic increased by 152.7% in 2022 relative to 2021, while domestic traffic in 2022 was up by 10.9% from the previous year. This rise in air passenger travel is powering the growth of the connected aircraft market.
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Who Are the Key Players Driving Connected Aircraft Market Growth?
The following companies have a significant impact on the connected aircraft market:
• Honeywell International Inc.
• Gogo Inc.
• Thales Group
• Inmarsat PLC
• Collins Aerospace
• Viasat Inc.
• BAE Systems PLC
• The Boeing Company
• Airbus SE
• Bombardier Aviation
• Kontron AG
• Panasonic Avionics Corporation
• Nelco Ltd.
• Eutelsat S.A.
• Zodiac Aerospace
• L3Harris Technologies
• Société Internationale de Télécommunications Aéronautiques
• Global Eagle Entertainment Inc.
• Cobham Aerospace Communications
• Astronics Corporation
• SmartSky Networks LLC
• Intelsat S.A.
• Iridium Communications Inc.
• AeroVironment Inc.
• Avionica Inc.
• Satcom Direct Inc.
• Airspan Networks Inc.
• Tata SIA Airlines Limited
• Gilat Satellite Networks Ltd.
• Phasor Inc.
What Are The Key Trends In The Connected Aircraft Market?
The Connected Aircraft Market is expected to witness numerous trends, including:
• Rapid adoption of in-flight connectivity
• Integration of IoT technologies
• Enhanced aircraft health monitoring
• Digitalization of cockpit and cabin systems
• Use of data analytics and artificial intelligence (AI)
• Cybersecurity concerns
What Are The Segments Of The Global Connected Aircraft Market?
The Global Connected Aircraft Market is segmented as follows:
• By Type: Systems, Solutions
• By Connectivity: Inflight Connectivity, Air-To-Air Connectivity, Air-To-Ground Connectivity
• By Frequency Band: Ka-band, Ku-band, L-band
• By Application: Commercial, Military
Which Region Leads The Connected Aircraft Market?
North America was the largest region in the connected aircraft market in 2024 and is predicted to be the fastest-growing region in the market report during the forecast period. The regions covered in the connected aircraft market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Connected Aircraft Market Global Market Report?
- Market Size Analysis: Analyze the Connected Aircraft Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Connected Aircraft Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Connected Aircraft Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Connected Aircraft Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements and new product launches in the market.
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