The research study conducted by Report Ocean on the “ Connected Aircraft Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Connected Aircraft Market is valued at approximately USD 3.45 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 25.14% over the forecast period 2023-2030. The connected aircraft market means the integration of advanced connectivity technologies and solutions into aircraft systems, enabling enhance communication, data exchange and operational efficiency for various stakeholders within the aviation ecosystem. The connected aircraft market is being driven by factors such as increasing passenger travel across the globe and the increased procurement of new aircraft and drones.
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The Connected Aircraft it involves various onboard systems and devices to enable seamless communication and data sharing between the aircraft and ground operations. These system help both passengers and management for smooth operations. According to International Air Transport Association, the total air traffic in March 2023 is rising by 52.4% as compared to March 2022. The overall travel number in 2021 was 27% of the 2019 level this is projected to increase to 83% in 2022, 94% in 2023 and 103% in 2024. Thus, the rising number in air travel fueling the growth of the market. The rise in demand for high-level internet connectivity is in demand for various applications and there is demanded to change the conventional system of data optimization and connection system with a more reliable system. However, the threat like cyber -attack on air traffic management that causes the delays in flights may hinder the growth of the market.
The key regions considered for the Global Connected Aircraft Market Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to the presence large number of air craft system and service providers. Asia pacific consider the fastest growing region in the forecasted period due to emerging Economy’s like India and China and growing air travel demand from these countries.
Major market players included in this report are:
Anuvu(Global Eagle Entertainment Inc.)
BAE system PLC
Thales Group
Collins Aerospace
GOGO inflight internet
Honeywell International Inc.
Inmarsat Global Ltd.
Kontron
Panasonic Avionics corporation.
Viasat Inc.
Recent Developments in the Market:
On November 2021, Collins Aerospace had an agreement to support japan airlines fleet of boeing 787 aircraft through its dispatchSM flight program. The company will offer high performance avionics and communication asset to end user. * On January 2021, Delta Air lines selected Viasat’s industry-leading, next -generation Ka-band satellite in- flight connectivity solution for more than 300 mainline narrow-body aircraft, including both new delivery and retrofits on A321ceo, 737-900ER and select 757-200 aircraft. Delta expected to bring the viasat technology onboard these aircraft starting from summer 2021,with delta having the option to add additional fleets.
Global Connected Aircraft Market Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered -Type, Connectivity ,Frequency, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
System
Solutions
By Connectivity:
In- flight connectivity
Air -to Air connectivity
Air-to Ground, connectivity
By Frequency:
Ka-Band
Ku-Band
L- Band
By Application:
Commercial
Military
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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