Market Insights
Connected Aircraft Market is estimated to grow from USD 4.72 billion in 2022 to USD 13.58 billion by 2028 at a CAGR of 19% during the forecast period. This unprecedented growth is owing to the rising demand for functional efficiency, snowballing aircraft deliveries, and the growing need to upgrade the prevalent connectivity systems across the globe.
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What is connected aircraft?
Connected Aircraft is equipped with options through which passengers and crew members in the aircraft are able to stay connected to the ground using the internet.
Connected Aircraft can be for both commercial as well as military. Inflight connectivity, air-to-ground connectivity, and aircraft to aircraft connectivity are some of the connectivity types used.
Segment Analysis
By Type
Based on the type, the market is segmented as systems and solutions. The solutions segment was estimated to remain dominant in 2018, and is anticipated to continue its dominance in the coming five years. This growth is owing to the rising air passenger traffic and the escalating demand for inflight connectivity which are the factors boosting the growth of this segment.
By Application Type
Based on the application type, the market is segmented as commercial and military. The commercial segment is expected to grow at a higher rate, driven by the growing aircraft orders from the Asia-Pacific and Middle Eastern countries.
By Connectivity Type
Based on the connectivity type, the market is segmented as inflight connectivity, air-to-ground connectivity, and aircraft-to-aircraft connectivity. The rising claim for inflight entertainment and passenger connectivity is the major growth driver of the inflight connectivity segment during the forecast.
By Frequency Type
Based on the frequency type, the market is segmented as Ka-band, Ku-band, and L-band. The Ku-band segment is estimated to depict the highest growth rate owing to its capability to transmit high-speed data, during the forecast period.
By Region
In terms of regions, North America dominated the connected aircraft market in 2021 and is expected to continue its dominance during the forecast period. There are global giant commercial aircraft manufacturers and airlines in the North American region, such as Boeing (US), American Airlines (US), United Airlines (US), and Bombardier (Canada), which create a huge demand for connected aircraft products in the coming five years. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Market Drivers
Improved Operational Efficiency:
Connected aircraft enable real-time monitoring of various systems, leading to proactive maintenance and reduced downtime.
Enhanced data analytics and predictive maintenance contribute to more efficient operations and cost savings.
Passenger Experience Enhancement:
In-flight connectivity, entertainment systems, and personalized services contribute to an improved passenger experience, leading to higher customer satisfaction and loyalty.
Seamless connectivity allows passengers to stay connected and productive during flights.
Safety and Security Improvements:
Connected aircraft facilitate real-time data exchange for better situational awareness and decision-making.
Enhanced communication and surveillance systems contribute to overall aviation safety.
Regulatory Mandates:
Regulatory bodies may mandate certain connectivity features to enhance aviation safety and security.
Compliance with emerging standards and regulations may drive the adoption of connected technologies.
Technological Advancements:
Advances in communication technologies, such as 5G, satellite communication, and IoT, drive the evolution of connected aircraft.
Integration of artificial intelligence (AI) and machine learning (ML) technologies improves system efficiency and performance.
Cost Reduction and Fuel Efficiency:
Connected systems contribute to fuel efficiency through optimized flight routes and engine performance monitoring.
Operational data analytics help airlines identify cost-saving opportunities and improve fuel management.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.