Categories: Market Research

Connected Aircraft Market Size and Forecast 2024-2033|Honeywell International Inc., Gogo Inc., Thales Group, Inmarsat PLC, Collins Aerospace

Flying Airplanes and flight paths on the earth globe view from space at night to Europe. All the world map textures are originally from NASA. ( 3d render )Map source Url: -https://earthobservatory.nasa.gov/features/NightLights/page3.php

Overview and Scope

Connected aircraft refers to solutions that are designed to transform modern-day flying by integrating satellite components, aeroplane hardware, airtime connectivity, and on- and off-board apps and services to alter the way people communicate in the aviation. It is used to provide seamless connections between the aircraft and the ground and to increase flight efficiency, safety and to enhance the passenger experience.

Sizing and Forecast

The connected aircraft market size has grown rapidly in recent years. It will grow from $6.82 billion in 2023 to $7.99 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to demand for operational efficiency, enhanced safety and situational awareness, rise in air passenger traffic, fuel efficiency and emissions reduction, government regulations and standards, increased aircraft complexity.

The connected aircraft market size is expected to see rapid growth in the next few years. It will grow to $14.45 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to 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, green aviation initiatives.. Major trends in the forecast period include rapid adoption of in-flight connectivity, integration of iot technologies, enhanced aircraft health monitoring, digitalization of cockpit and cabin systems, data analytics and artificial intelligence (ai), cybersecurity concerns.

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Segmentation & Regional Insights

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

North America was the largest region in the connected aircraft market in 2023. 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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Major Driver Impacting Market Growth

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 February 2023, according to the International Air Transport Association, a Canada-based trade association data, the revenue passenger kilometers, or RPKs, representing total traffic in 2022 increased by 64.4% over 2021. Compared to 2021, international traffic increased by 152.7% in 2022. In 2022, domestic traffic increased by 10.9% over the previous year. Therefore, the increase in air passenger travel is driving the growth of the connected aircraft market.

Key Industry Players

Major companies operating in the connected aircraft market report 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.

The connected aircraft market report table of contents includes:

1. Executive Summary

2. Connected Aircraft Market Characteristics

3. Connected Aircraft Market Trends And Strategies

4. Connected Aircraft Market – Macro Economic Scenario

5. Global Connected Aircraft Market Size and Growth

26. South America Connected Aircraft Market

27. Brazil Connected Aircraft Market

28. Middle East Connected Aircraft Market

29. Africa Connected Aircraft Market

30. Connected Aircraft Market Competitive Landscape And Company Profiles

Top Major Players: