What Has Been The Historical And Current Growth Of The Connected Aircraft Market?
The connected aircraft market has seen considerable growth due to a variety of factors.
• The growth of the connected aircraft market has been swift in the past several years and it is projected to expand even further, increasing from $7.84 billion in 2024 to $9.16 billion in 2025, boasting a compound annual growth rate (CAGR) of 16.9%. Factors contributing to this growth in the historic period encompass the demand for operational efficiency, improved safety and situational awareness, increased air passenger traffic, fuel efficiency and the reduction of emissions, as well as government regulations and the complexity of aircraft.
What are the Market Size and Expected Growth Rates for the Connected Aircraft Template Market?
The Connected Aircraft market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for connected aircraft is anticipated to experience swift expansion, escalating to $16.16 billion by 2029 with a compound annual growth rate (CAGR) of 15.2%.
The anticipated growth during this forecast period is influenced by advancements in air traffic management, the increasing need for in-flight connectivity, projection maintenance and health tracking, intelligent cabin solutions, conjugation with ground operations, the broadening of urban air mobility (UAM), and environmentally friendly aviation measures. Significant trends predicted during this period encompass the fast adoption of in-flight connectivity, integration of IoT technologies, improved monitoring of aircraft health, the digitization of cockpit and cabin systems, data analytics, artificial intelligence (AI), and issues related to cybersecurity.
Which Key Drivers Are Propelling The Connected Aircraft Market's Growth?
The surge in air passenger travel is projected to fuel the expansion of the connected aircraft market. Air travel, the act of boarding a flying object to move from one place to another, is seeing a rise which prompts airlines to add more aircraft to their fleets to meet passenger demands. Take for example February 2023, data from the International Air Transport Association, a Canada-based trade organisation, reported that in 2022 there was a 64.4% rise in revenue passenger kilometers, or RPKs, indicating total traffic, compared to 2021. International traffic saw an increase of 152.7% in 2022 compared to the previous year, while domestic traffic rose by 10.9% over the same period. Thus, the upswing in air passenger travel is pushing the growth of the connected aircraft market.
What Are The Key Segments Within The Global Connected Aircraft Market?
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
Subsegments:
1) By Systems: Communication Systems, Navigation Systems, Surveillance Systems, Flight Management Systems,
2) By Solutions: Aircraft Health Monitoring Solutions, In-Flight Connectivity Solutions, Data Analytics Solutions, Crew Management Solutions.
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How Are New Trends Impacting The Size Of The Connected Aircraft Market?
The trend of advancing technology is becoming increasingly significant in the connected aircraft market. The main players in this market are concentrating on developing new technological solutions to solidify their foothold. To exemplify, a US company, Universal Avionics, which operates in the connected aircraft sector, unveiled its connectivity ecosystem technology in April 2022. This technology permits aircraft pilots to connect their Apple iPads to the flight management system. It facilitates bi-directional communication, data gathering, as well as the uploading and downloading of FMS (flight management system) and other avionics systems. This technological innovation improves the pertinent analytics of each flight and enables operators to enhance flight operations and aircraft availability for individual aircraft or a fleet when linked to the ground infrastructure.
Who Are the Key Players In The Connected Aircraft Market?
Major companies operating in the connected aircraft market include:
• 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 Are The Regional Insights Into The Connected Aircraft Market?
North America was the largest region in the connected aircraft market in 2024. 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.
