Global Connected Aircraft Industry Forecast Report 2023-2028: Markey Dynamics, Value Chain Analysis, Ecosystem Mapping, Technology Analysis, Use Case
Dublin, August 18, 2023 (GLOBE NEWSWIRE) -- The "Connected Aircraft Global Market Forecast to 2028" report is now available on ResearchAndMarkets.com.
The worldwide connected aircraft industry is set to experience significant growth, with a projected increase from $10 billion in 2023 to $16.5 billion by 2028. This shows a strong average annual growth rate of 10.6% throughout the forecast period. These connected planes act as a channel for exchanging real-time data between aircraft and ground systems, enabling airlines to enhance and monitor flight operations. This ability results in better fuel efficiency, lower maintenance expenses, and overall operational improvements.
The analysis examines the Connected Aircraft Market from different perspectives. It classifies the market by its type, platform, and connectivity, covering areas such as North America, Europe, Asia Pacific, the Middle East, and the rest of the world. The report's coverage expands to include detailed observations on the factors that drive market growth, as well as the challenges, limitations, and opportunities that impact it.
Moreover, the report conducts a thorough analysis of major contributors, including company profiles, offerings, solutions, services, tactics, recent progress, and innovative introductions linked to the Connected Aircraft industry. It is worth mentioning that the competitive scenario includes established players like Honeywell International, Raytheon Technologies Corporation, Thales Group, Viasat Inc, and Gogo Inc, among various others.
The software industry is anticipated to experience the greatest growth throughout the projected timeframe.
According to category, the software division is anticipated to experience the most significant expansion in the Connected Aircraft Market in the foreseeable future. With the increasing connectivity of aircraft, the issue of cybersecurity becomes of utmost importance. The software sector is observing progress as airlines and manufacturers dedicate resources towards developing strong cybersecurity measures in order to safeguard aircraft systems against possible cyber dangers and assaults.
The Advanced Air Mobility sector is expected to experience the highest compound annual growth rate in the market throughout the predicted timeframe.
According to the industry trends, the Advanced Air Mobility (AAM) sector is predicted to experience the most significant compound annual growth rate (CAGR) throughout the projected timeframe. AAM platforms highly depend on cutting-edge technologies like self-piloting systems, electric power, and sophisticated communication networks. Continuous advancements and breakthroughs in these fields play a vital role in propelling the expansion of AAM platforms.
During the predicted timeframe, it is expected that in-flight connectivity will be the dominant driver of growth in the Connected Aircraft Market.
According to connectivity, it is anticipated that the Connected Aircraft Market will be dominated by the in-flight connectivity sector in the foreseeable future. Enhancements in technology have made in-flight connectivity more dependable, quicker, and affordable. The progress of superior satellite and air-to-ground communication systems has considerably enhanced the standard of in-flight internet services.
Forecasts suggest that North America will have the biggest share of the market by 2023.
The market for Connected Aircraft has been examined in the geographical areas of North America, Europe, Asia Pacific, and other parts of the world. North America possesses a robust economy and a considerable amount of funds dedicated to research and development. This economic capability enables airlines and aerospace firms to allocate resources towards innovative technologies for connected aircraft.
The area encourages alliances among tech firms, airlines, and makers of aerospace equipment. These collaborations enable the creation and implementation of inventive solutions for connected aircraft.
The air transportation sector in North America is also flourishing and vast, with prominent airlines, firms that lease aircraft, and a substantial number of aircraft in service. This substantial scope of activities offers a noteworthy opportunity for connected aircraft solutions.
Important Parties and Factors for Purchasing Decisions
1. Opening 2. Approach to Research 3. Summary of Findings 4. Valuable Perspectives 5. Overview of the Market 6. Trends in the Industry 7. Market Analysis of Connected Aircraft by Type 8. Connected Aircraft Market Evaluation by Platform 9. Study of Connected Aircraft Market by Connectivity 10. Regional Analysis of Connected Aircraft Market 11. Competitive Situation 12. Profiles of Companies 13. Additional Information (Supplementary Data)
To obtain additional details about this report, please visit the following link: https://www.researchandmarkets.com/r/di6xd4
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The market for connected aircraft is expanding rapidly.
