Connected Aircraft Market Top Manufacturers Analysis, Size Report and Growth Forecast to 2027
Connected Aircraft Market will
exhibit a CAGR of 18.8% and reach 10,101.1 million by 2026, and the market
value as per 2018 was USD
2,250.2 million.
Fortune Business Insights™ in
a recently published report, titled, “Connected Aircraft
Market Size, Share & Industry Analysis, By Type (Systems and Solutions),
Connectivity (Inflight, Air to Air, and Air to Ground Connectivity),
Application (Commercial and Military), Frequency Band (Ka-Band, Ku-Band, and
L-Band) and Regional Forecasts, 2018-2026.”
Connected Aircraft Market Drivers and Restraint :
The
connectivity offered by (IoT) in industrial application for machine control
& production through satellites is projected to boost the market during
the forecast period. Industrial applications for IoT based devices are
exchanging real time data to the processing units, that help to enhance the
machine control and production operation in the manufacturing industry. IoT
devices use satellite connectivity to transmit & exchange real time
data between the IoT systems and components in the manufacturing process.
Earlier, data exchange between the machine control & production was
dependent on terrestrial GSM networks, which is now getting replaced by the
satellite connectivity. Satellite technology proves as a key enabler to
transform IoT connectivity across manufacturing industries and process
automation.
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List of Significant Manufacturers Connected Aircraft Market are:
- Global
Eagle Entertainment
- Viasat
- BAE
Systems
- Panasonic
Avionics
- Gogo
- Kontron
- Zodiac
Aerospace
- Collins
Aerospace
- Inmarsat
- Thales
Group
- Honeywell
International
Regional Analysis-
Growing Preference for Digitization of Processes to Energize the
Market
- One
of the leading connected aircraft market trends is the rapid adoption of
digital technologies in the aviation industry. Airlines are aggressively
digitizing their services and processes to make fleet management more
efficient and economical. For instance, digitization has allowed airliners
to provide ground control systems real-time data, enabling them to better
monitor aircraft health. Furthermore, predictive analytics have
streamlined maintenance schedules for aircraft carriers. Lastly, the
greatest beneficiaries of digitization are the passengers who now have
access to in-flight internet and other modes of entertainment, enhancing
their overall in-flight experience. Besides this, digitization can also
aid in monitoring threats through real-time data collection and analysis,
empowering government agencies to take preventive action.
Browse Complete Summary of research Report: https://www.fortunebusinessinsights.com/industry-reports/connected-aircraft-market-101954
Robust Aviation Industry to Drive the Market in North America
The
market size in North America was at USD 969.1 million in 2018 and the region is
expected to dominate the connected aircraft market share in the forthcoming
years. The main factors for its dominance include a robust aviation industry,
rising number of aircraft deliveries, and presence of aviation giants such as
Boeing and Bombardier in the region.
Strategic Collaborations to Usher in a New Wave of Innovation
The
connected aircraft market forecast predicts an exciting period for the market
as key players enter into strategic partnerships with other competitors and
outside organizations. These collaborations are accelerating the rate and
intensity of innovations that are reshaping the market dynamics.
Some of the key industry developments in the Connected
Aircraft Market Include:
- December
2019: Panasonic Avionics, a leading company
in in-flight connectivity and entertainment domain, and Eutelsat
Communications signed a partnership contract for Panasonic to deliver
Ku-band capacity for EUTELSAT 10B Satellite’s two multi-beam payloads, due
for launch in 2022.
- April
2018: Honeywell Aerospace announced that its famed
JetWave satellite communications hardware has been installed in 25
business jets operating in Asia-Pacific. The technology allows business
travelers to enjoy high-speed Wi-Fi internet in-flight. The company aims
to establish its footprint in the rapidly developing Asia-Pacific region
through this move.
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