What Does the Global Connected Aircraft Market Size Indicate About Trends and Growth Rates?
The connected aircraft market size has grown rapidly in recent years. It is expected to grow from $7.84 billion in 2024 to $9.16 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. Key factors driving this growth include demand for operational efficiency, improved safety and situational awareness, increased air passenger traffic, fuel efficiency and emissions reduction, government regulations and standards, and increased aircraft complexity.
By 2029, the market is expected to reach $16.16 billion, with a CAGR of 15.2%. The forecast period’s growth can be attributed to emerging trends and advancements like 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.
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What Factors Are Impacting the Growth of the Connected Aircraft Market?
An increase in air passenger travel is expected to propel the growth of the connected aircraft market going forward. The rapid rise in air passenger traffic has resulted in airline companies expanding their fleets to cater to this need, thus driving the connected aircraft market’s expansion.
Which Are the Principal Segments of the Connected Aircraft Market?
The connected aircraft market is segmented by:
1) Type: Systems, Solutions
2) Connectivity: Inflight Connectivity, Air-To-Air Connectivity, Air-To-Ground Connectivity
3) Frequency Band: Ka-band, Ku-band, L-band
4) Application: Commercial, Military
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Who Are the Significant Players in the Connected Aircraft Market?
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 Emerging Trends Are Influencing the Connected Aircraft Market?
Technological advancements are a significant trend in the connected aircraft market. Companies are focusing on developing new technologies to secure their market position. For instance, Universal Avionics launched an innovative technology in 2022 that allowed pilots to connect their iPads to a flight management system, optimizing flight operations and enhancing analytics.
Which Region Is Expected to Lead in the Connected Aircraft Market?
North America was the largest region in the connected aircraft market in 2024 and is expected to remain the fastest-growing region during the forecast period.
What Is the Connected Aircraft Market?
Connected aircraft solutions are designed to transform modern-day aviation by integrating satellite components, aeroplane hardware, airtime connectivity, and on- and off-board apps and services. It provides seamless connections between the aircraft and the ground, increasing flight efficiency, safety, and enhancing the passenger experience.
The Connected Aircraft Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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