According to a new market report published by Lucintel, the future of the global connected aircraft market looks promising with opportunities in inflight connectivity, air-to-air connectivity and air-to-ground connectivity segments. The global connected Aircraft market is expected to grow with a CAGR of 16%-18% from 2021 to 2026. The major drivers for this market are increasing the operational efficiency, demand for on-ground software, and demand for air passengers.
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In this market, systems and solutions are the major types used to manufacture connected aircraft. On the basis of comprehensive research, Lucintel forecasts that solutions will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the increasing demand for in-flight connectivity and rising passenger traffic due to the high demand for at-home network experience from the air passengers.
Within the global connected aircraft market, the commercial segment is expected to witness the highest growth over the forecast period due to the increasing number of aircraft deliveries and rise in the adoption of connected technologies by commercial airlines.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to the growing number of aircraft orders and increasing commercial usage of connected aircraft technologies.
Emerging trends, which have a direct impact on the dynamics of the industry, include increased adoption of connected technologies for data transmission, increasing demand for military services and commercial industries and shift from seat-centric entertainment systems to portable entertainment systems. BAE Systems PLC, Zodiac Aerospace, Panasonic Avionics Corporation, Burrana Inc., Thales Group, Cobham PLC, Gogo LLC, Inmarsat plc, and Honeywell International, Inc, are among the major suppliers of the connected aircraft market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global connected aircraft market by type, application, connectivity, frequency band and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Connected Aircraft Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global connected aircraft market by type, application, connectivity, frequency band and region, as follows:
By Type [Value ($ Million) from 2015 to 2026]:
By Application [Value ($ Million) from 2015 to 2026]:
By Connectivity [Value ($ Million) from 2015 to 2026]:
Inflight Connectivity
Air-to-Air Connectivity
Air-to-Ground Connectivity
By Frequency Band [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.