The Business Research Company’s Connected Aircraft Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Connected Aircraft Global Market Report 2023 evaluates connected aircraft market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global connected aircraft market size is expected to grow from $5.82 billion in 2022 to $6.81 billion in 2023, at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global connected aircraft is expected to grow to $12.31 billion in 2027 at a CAGR of 16%.
An increase in air passenger travel is expected to propel the growth of the connected aircraft market going forward. Air travel refers to the process of boarding an aircraft for the purpose of travelling from one location to another by any flying object. The increase in air passenger travel is resulting in airline companies making the addition of aircraft to their fleets to cater to the needs of the air passengers. For instance, in 2021, according to International Air Transport Association, a Canada-based trade association data, overall traveller numbers were 47% of 2019 levels. This is expected to improve to 83% in 2022, 94% in 2023, 103% in 2024, and 111% in 2025. Therefore, the increase in air passenger travel is driving the growth of the connected aircraft market.
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The connected aircraft market segments in the report are:
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
Major Players:
- Honeywell International Inc.
- Gogo Inflight Internet Company
- Thales Group, Inmarsat
- Collins Aerospace
- Viasat Inc.
The table of contents in TBRC’s connected aircraft market report includes:
1. Executive Summary
2. Connected Aircraft Market Characteristics
3. Connected Aircraft Market Trends And Strategies
4. COVID-19 Impact On Connected Aircraft Market
5. Connected Aircraft Market Size And Growth
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25. Middle East Connected Aircraft Market
26. Africa Connected Aircraft Market
27. Connected Aircraft Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Connected Aircraft Market
29. Connected Aircraft Market Future Outlook and Potential Analysis
30. Appendix
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