Connected Aircraft Market Analysis | 2023-2028

Market Insights

The connected aircraft market was estimated at USD 4.72 billion in 2022 and is likely to grow at a CAGR of 19% during 2023-2028 to reach USD 13.58 billion in 2028.

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Market Dynamics

Introduction

A connected aircraft is equipped with advanced communication and information technologies that allow it to connect to various networks, both on board and externally. These technologies enable data exchange, communication, and information sharing between different components within the aircraft and between the aircraft and ground-based systems.

Market Drivers

Increase in Procurement of Technologically Advanced Aircraft by Airlines to Increase the Product Demand

Increase in procurement by Commercial and Defense Sectors: The rise in commercial and defense sectors' procurement of advanced aircraft and drones has increased product demand due to the need for efficient SATCOM service, better connectivity, satellite components, airplane hardware, and other services.

Surge in Travel: The global surge in passenger travel necessitates increased fleet deployment for civilized transportation and delivery operations. Implementing an embedded aircraft system ensures reliable communications, and maintenance, and prevents component failures and repair services.

Emergence of Connectivity Ecosystem Technology: Universal Avionics introduced Connectivity Ecosystem Technology in April 2022, enabling pilots to connect their Apple iPad to the flight management system, enabling two-way communication, data collection, and uploading/downloading of FMS data.

Introduction of Common Missile Warning System: BAE Systems was awarded USD 22 million in April 2022 for supplying AN/AAR-57, a common missile warning system for electronic warfare, with over 3,000 CMWS units installed to protect aircraft and their crews.

Introduction of Fully Automated Airports: In February 2022, India 's aviation minister announced plans to build eight fully automated airports and add 120 new aircraft annually, aiming to increase the demand for essential services for aircraft maintenance and flight operations.

Rise in Demand for Modernization of Existing Aircraft Fleet to Boost Growth

A surge in Operational Efficiency The surge in operational efficiency demands has prompted a significant demand for reliable data systems, leading to the installation of aircraft interface devices and wireless electronic flight bags.

Surge in Demand for High-Speed Internet Connectivity: High-speed internet connectivity demand is driving market growth, with major companies adopting SATCOM and broadband solutions. Qatar Airways offers Ku-band high-speed connectivity solutions for live television on 70 aircraft orders, providing uninterrupted connections for service providers and passengers with potential for future growth.

Surge in Demand for Commercial Aircraft: The demand for advanced commercial aircraft has surged, with developed countries focusing on innovative manufacturing. Modernization of air traffic management infrastructure, including air navigation services, is improving global aviation industry efficiency and reducing flight delays.

Strong Technological Security Support: Maintenance is crucial for operators, with 86% of service providers focusing on IT programs and mobile apps. 95% promote cloud initiatives, as cloud computing complements cyber security efforts due to technology's security benefits.

Key Players

The following are the key players in the connected aircraft market:

• Bae Systems Plc
• Cobham Plc
• Gogo Inc.
• Honeywell International Inc.
• Inmarsat Plc
• Kontron AG
• Panasonic Avionics Corporation
• Rockwell Collins
• Thales Group

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Type

"Solutions segment was estimated to remain dominant in 2022" 

Based on the type, the market is segmented into systems and solutions. The solutions segment was estimated to remain dominant in 2022 and is anticipated to continue its dominance in the coming five years. This growth is owing to the rising air passenger traffic and the escalating demand for inflight connectivity which are the factors boosting the growth of this segment.

By Application Type

 "Commercial segment is expected to grow at a higher rate during the forecast period"

Based on the application type, the market is segmented as commercial and military. The commercial segment is expected to grow at a higher rate, driven by the growing aircraft orders from the Asia-Pacific and Middle Eastern countries.

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By Connectivity Type

"Inflight entertainment and passenger connectivity is the major growth driver of the inflight connectivity segment" 

Based on the connectivity type, the market is segmented as inflight connectivity, air-to-ground connectivity, and aircraft-to-aircraft connectivity. The rising claim for inflight entertainment and passenger connectivity is the major growth driver of the inflight connectivity segment during the forecast.

By Frequency Type

"Ku-band segment is estimated to depict the highest growth rate during the forecast period"

Based on the frequency type, the market is segmented as Ka-band, Ku-band, and L-band. The Ku-band segment is estimated to depict the highest growth rate owing to its capability to transmit high-speed data, during the forecast period.

Regional Analysis

"North America dominated the connected aircraft market in 2022"

In terms of regions, North America dominated the connected aircraft market in 2022 and is expected to continue its dominance during the forecast period. There are global giant commercial aircraft manufacturers and airlines in the North American region, such as Boeing (US), American Airlines (US), United Airlines (US), and Bombardier (Canada), which create a huge demand for connected aircraft products in the coming five years. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s connected aircraft market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The connected aircraft market is segmented into the following categories:

 By Type 

• Systems
• Solutions

By Application Type 

• Commercial
• Military

By Connectivity Type 

• Inflight Connectivity
• Air-To-Ground Connectivity
• Aircraft-To-Aircraft Connectivity

By Frequency Band Type

• Ka-Band
• Ku-Band
• L-Band

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]