Connected Aircraft Market Overview

Connected Aircraft Market Size is forecast to reach $5 billion by 2027, at a CAGR of 18% during 2022-2027. In the aviation sector for the purpose of changing the way people communicate satellite components, airplane hardware, airtime connectivity and apps and services are combined which is generally referred as connected aircraft. Proliferatigron of artificial intelligence, big data, cloud, mobility and social media components has enabled digital transformation which is seamless and secure across the aviation ecosystem. For the requirement of air traffic control and airline operation center communications connected aircrafts are used along with creating impacts on real –time data in avionics system. New aircrafts are equipped with inflight connectivity, data management systems that also enables satellite communication through data links with the help internet connectivity using ground stations with GPS. Rising usage of new generation aircrafts by airlines along with increased adoption of connected technologies for data transmission to reduce maintenance cost and increase safety has driven the growth of the market.

Report Coverage

The report: “Connected Aircraft Market Industry Outlook– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Connected Aircraft Market

By Type: Solutions, System.
By Connectivity: In-Flight Connectivity, Air-to-Air Connectivity, Air-to-Ground Connectivity.
By Application: Connectivity, Military.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), and RoW (Middle East and Africa, South America).

Key Takeaways

• Surge in the adoption of Internet of Things, Big data analytics and connected technologies in the modern aircrafts have driven the growth of the market. Moreover, the rising military up gradations programs are providing ample opportunities in the market growth.
• Major applications in the global connected aircraft market are commercial segment is expected to witness a highest CAGR of 5% the forecast period, owing to rise in commercial airplane deliveries driving the need for aviation.
• North America is witnessing a major growth in the market as it is considered one of the largest manufacturing base of aircrafts due to the presence of aviation companies such as Boeing Company, Lockheed Martin Corporation, Honeywell International and others.

Global Connected Aircraft Market, By Region, 2020

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Connected Aircraft Market Segment Analysis - By Type

The In-Flight connectivity segment is growing at a significant market value of 7% in the forecast period as this technology uses onboad antenna packup signals with large space in the aircrafts for communication purposes. Recently, in September 2020, Jio launched inflight connectivity packs to offer high-speed data access as well as voice calling and SMS message benefits for inflight communications which are very cost effective giving a boost to the market growth. The increasing stringent safety norms being employed in the aerospace sector and the use of proven and industry-leading technology (core and peripherals) will fuel the connected aircraft market.

Connected Aircraft Market Segment Analysis - By Application

Commercial sector is expected to witness a highest CAGR of 5% the forecast period, owing to remarkable growth of the commercial aviation industry in the APAC region in particular has resulted in increasing aircraft production in recent years. According to the Boeing Services Market Outlook report, in 2019 the commercial aviation industry is expected to have a remarkable growth in APAC. This also lead to the rise in commercial airplane deliveries which will in turn drive the need for connected aircrafts. Over the next 20 years, Boeing projects the demand for connected aircrafts in Asia-Pacific will expand by 5.1%, or $3,480 billion. Moreover, In 2019, the government has announced to spend $2.85 billion for the development of aerospace and defense sector.

Connected Aircraft Market Segment Analysis - By Geography

Connected Aircraft Market in North America region held significant market share of 35% in 2020. The U.S. Aerospace and Defense (A&D) industry is one of the world’s leading innovators and producers of technologically advanced aircraft, space and defense systems. With the growing developments, the government of this region has announced several fundings, initiatives for the development of these sectors. In 2019, the government has announced to spend $738 billion in Defense sector by 2020 for various operations including modernization of aircrafts. In 2019, the government has committed to spend more than $1 billion for the development of aerospace sector. Similarly, Aerospace Industries Association of Canada (AIAC) has launched an initiative called Vision 2025 for the development of Canadian Aerospace Sector especially for the production of advanced aircrafts fueling the growth of the market.

Connected Aircraft Market Drivers

Growth of Big Data Analytics:

With the adoption of big data analytics, manufacturing intelligence software can monitor the ground control in the aircraft infrastructure, which enables the users to better understand the proper working condition of machines and also help in improving the overall resource effectiveness and efficiency. The integration of Big Data with the help in identifying, analyzing, and mitigating the issues and faults in the aircraft unit that could decrease the aircraft downtime. Furthermore the emergence of Big Data is projected to play a major role in the development of the connected aircrafts that can help in maintenance crew spot issues and repair proactively.

Advancement of the military sector:

The defense industry demands ever increasing functionality in space-based equipment such as satellites, probes, and military weaponry. Also, as high altitude and low earth orbit aircraft become increasingly reliant on sophisticated electronics, the demand for connected aircraft increase. The U.S. Department of Defense (DOD) is planning to invest up to $170 million in foundry company SkyWater Technology for a multi-phase project to enhance microelectronics capabilities for the DoD. This is set to drive the adoption of advanced connected aircrafts. Defense Advanced Research Projects Agency (DARPA) of America has started the research on the implementation and designing of connected aircrafts for determining the test methods for system-specific problems.

Connected Aircraft Market Challenges:

Cyber Threats in Aviation Industry challenges

Generally the emergence of IoT and connected technologies had lead to the increase in cyber attacks resulting in the massive number of flight delays and terrorist attacks. The lack of security design systems can increase the risk of cyber-crime for instance in January 2019, the professional data of Airbus company was hacked were suspicious activity on the network was noticed. This certain cyber-attacks in the network infrastructure are analyzed to restrain the growth of the market in the forecast period 2022-2027.

Connected Aircraft Industry Outlook

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Connected Aircraft Market. Connected Aircraft Market top 10 companies include Honeywell International, Gogo LLC, Thales Group, Inmarsat Global Ltd., Collins Aerospace, Viasat, Global Eagle Entertainment, Inc., Airbus, Panasonic, Nelco Limited among others.

Recent Developments

• In 2020, Airbus signed an agreement with the Aerkomm, Inc. so that Airbus A320 family aircraft to be installed with K++ connectivity solutions with free Wi-Fi internet connectivity solutions.
• In 2020, Panasonic Aviation Corporation signed an agreement with Nelco Corporation to provide connectivity services through satellite in the Indian Airspace.
  

Relevant Report Titles:

Switchgear Market:
Report Code: EPR 0016

United States LV & MV Switchgear Market:
Report Code: ESR 0354

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