Press release
Emerging Trends to Drive Connected Aircraft Market Growth at 15.2% CAGR Through 2029
Connected Aircraft
Connected Aircraft Market Size Growth Forecast: What to Expect by 2025?
The expansion of the connected aircraft market size has been swift in the past few years. It is anticipated to escalate from $7.84 billion in 2024 to $9.16 billion in 2025, with a compound annual growth rate (CAGR) of 16.9%. The growth in the previous period is due to factors such as the need for operational efficiency, improved safety and situational awareness, an increase in air passenger traffic, fuel efficiency, and emissions reduction, along with government rules and regulations, and the rise in aircraft complexity.
How Will the Connected Aircraft Market Size Evolve and Grow by 2029?
The market size of connected aircraft is projected to experience substantial growth in the forthcoming years, escalating to $16.16 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 15.2%. The growth within the forecast period can be ascribed to elements such as advanced air traffic management, the rising demand for in-flight connectivity, health monitoring and predictive maintenance, intelligent cabin solutions, synchronization with ground operations, the growth of urban air mobility (UAM), and ecological aviation initiatives. The forecast period will also see key trends such as the swift adoption of in-flight connectivity, incorporation of IoT technologies, improved health monitoring of aircraft, digital transformation of cockpit and cabin systems, data analytics and AI integration, as well as concerns around cybersecurity.
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What Drivers Are Propelling the Growth of Connected Aircraft Market Forward?
The connected aircraft market is expected to experience significant growth due to an anticipated uptick in air passenger travel. The concept of air travel involves a passenger boarding a plane to travel from one place to another. As air passenger travel rises, airlines are augmenting their fleets with additional aircraft to meet the needs of their customers. For instance, data from the International Air Transport Association, a Canadian trade organization, revealed in February 2023 that the revenue passenger kilometers (RPKs), which stand for total traffic in 2022, saw a 64.4% increase from 2021. Moreover, in 2022, international traffic rose by 152.7% compared to 2021, while domestic traffic experienced a 10.9% increase over the previous year. Consequently, this surge in air passenger travel is significantly contributing to the expansion of the connected aircraft market.
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Which Emerging Trends Are Transforming the Connected Aircraft Market in 2025?
The emergence of technological innovations is a prominent trend in the connected aircraft market. Many leading companies in this sector are concentrating on the creation of new technological solutions to bolster their market standing. For instance, Universal Avionics, a US-based firm active in the connected aircraft market, unveiled its connectivity ecosystem technology in April 2022. This technology gives pilots the ability to connect Apple iPads to the flight management system. The technology enables bidirectional communication, data gathering, and the uploading and downloading of the flight management system (FMS) and other avionics systems. It improves the analytical information related to each flight and provides operators with the ability to enhance flight operations and aircraft availability for each plane or fleet when connected to ground infrastructure.
What Are the Key Segments in the Connected Aircraft Market?
The connected aircraft market covered in this report is segmented -
1) By Type: Systems, Solutions
2) By Connectivity: Inflight Connectivity, Air-To-Air Connectivity, Air-To-Ground Connectivity
3) By Frequency Band: Ka-band, Ku-band, L-band
4) By Application: Commercial, Military
Subsegments:
1) By Systems: Communication Systems, Navigation Systems, Surveillance Systems, Flight Management Systems,
2) By Solutions: Aircraft Health Monitoring Solutions, In-Flight Connectivity Solutions, Data Analytics Solutions, Crew Management Solutions.
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Who Are the Key Players Shaping the Connected Aircraft Market's Competitive Landscape?
Major companies operating in the connected aircraft market are 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 Geographic Markets Are Powering Growth in the Connected Aircraft Market?
North America was the largest region in the connected aircraft market in 2024. North America is expected to be the fastest-growing region in the connected aircraft market report during the forecast period. The regions covered in the connected aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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