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Connected Aircraft Market Size

Report ID: GMI7817
Published Date: Jan 2024
Report Format: PDF

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Connected Aircraft Market Size

Connected Aircraft Market was valued at over USD 8 billion in 2023 and is anticipated to grow at a CAGR of over 10.5% between 2024 & 2032. Airlines use linked aircraft technologies to enhance passenger experiences. They improve travelers' overall enjoyment by enabling on-demand entertainment, real-time updates, and personalized services. Connectivity, including in-flight Wi-Fi and customized services, makes traveling more enjoyable and satisfies modern travelers' growing need for a seamless, customized & technologically advanced air travel experience.

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For instance, in February 2022, Aegean Airlines, based in Greece, introduced a new high-speed inflight broadband service powered by the European Aviation Network (EAN) and provided by Inmarsat & Deutsche Telekom. The connectivity solution will be installed on all existing and new AEGEAN Airbus A320 & A321 aircraft by 2025.

Connected aircraft refer to aircraft equipped with advanced communication technologies such as in-flight Wi-Fi, sensors, and data analytics systems. These technologies facilitate real-time data exchange between aircraft systems, ground operations, and passengers, enabling enhanced operational efficiency, safety monitoring & improved in-flight services for a more connected and responsive air travel experience.

Connected Aircraft Market Report Attributes
Report Attribute	Details
Base Year:	2023
Connected Aircraft Market Size in 2023:	Over USD 8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	10.5%
2032 Value Projection:	Over USD 23 Billion
Historical Data for:	2018 - 2023
No. of Pages:	220
Tables, Charts & Figures:	336
Segments covered:	Type, Platform, Connectivity, Frequency & Region
Growth Drivers:	Rising demand for an enhanced passenger experience Operational efficiency and cost reduction Rising demand for aircraft health monitoring Government initiatives and regulations Surge in autonomous aircraft
Pitfalls & Challenges:	Limited bandwidth and spectrum challenges Saturation of in-flight connectivity providers

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As several suppliers compete for market share, the market for in-flight connection is approaching saturation. Intense competition makes it difficult for suppliers to differentiate their services and remain profitable. With many options available, distinctiveness becomes critical, necessitating creative offerings and competitive pricing. To stand out and prosper in the competitive in-flight connection market, providers must traverse this congested field wisely, focusing on quality, innovative features & customer pleasure.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for connected aircraft was valued at over USD 8 billion in 2023 and is anticipated to record over 10.5% CAGR between 2024 & 2032 as airlines use linked aircraft technologies to enhance passenger experiences.

The commercial aviation segment held a revenue share of over 30% and will increase by 2032 as the connected aircraft systems facilitate real-time monitoring of performance data, leading to more efficient operations.

North America connected aircraft industry share was over 30% in 2023 and will grow significantly through 2032 due to the increased demand for in-flight connection, a focus on technological innovation, and a strong presence of leading companies.

BAE Systems PLC, Gogo Inc., Honeywell International Inc., Raytheon Technologies Corporation, TE Connectivity Ltd., Thales Group, and Viasat Inc.