Connected Aircraft Market Worth USD 10.49 Billion Forecast 2027; Rapid Organization and High Disposable Incomes to Propel Growth, Says Fortune Business Insights™

Pune, India, Jan. 29, 2021 (GLOBE NEWSWIRE) — The global connected aircraft market is set to gain traction from the increasing adoption of numerous advanced technologies, such as big data and real-time analytics. These are very reliable for linking the airplane hardware with the internal system. This information is given by Fortune Business Insights™ in a new report, titled, “Connected Aircraft Market Size, Share & COVID-19 Impact Analysis, By Type (System and Solutions), By Connectivity (In-Flight Connectivity, Air-to-Air Connectivity, Air-to-Ground Connectivity), By Application (Commercial and Military), By Frequency (Ka-Band, Ku-Band, L-Band), and Regional Forecast, 2020-2027.” The report further states that this market size was USD 4.18 billion in 2019 and is projected to reach USD 10.49 billion by 2027, exhibiting a CAGR of 22.9% during the forecast period.
COVID-19 Pandemic to Obstruct Growth by Restricting Travel & Delaying New OrdersThe COVID-19 pandemic is causing the cancellation of flights, as well as restrictions on travel. These factors have further resulted in the postponements or delay of new aircraft orders. Apart from that, four-tier and three-tier supplies have halted their production because of the lack of a workforce. These factors would hamper the demand for connected aircraft in 2020. However, we are delivering in-depth research reports to help you better understand the present situation.
Get Sample PDF Brochure with Impact of COVID19:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/connected-aircraft-market-101954
A list of all the renowned connected aircraft manufacturers operating in the global market:Honeywell International (The U.S.)Gogo LLC (The U.S.)Thales Group (France)Inmarsat Global Ltd. (The U.K.)Collins Aerospace (The U.S.)Viasat (The U.S.)Global Eagle Entertainment Inc. (The U.S.)
How Did We Conduct Our Research?The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down approaches to calculate the market size.
Competitive Landscape-Key Players Focus on Signing New Agreements with Other Firms to Intensify CompetitionThis market is fragmented with the presence of several prominent companies operating globally. Most of them are focusing on receiving new contracts from other organizations to deliver their in-house connected aircraft.
Below are the two latest industry developments:July 2020: Aerkomm and Airbus Interiors Services (AIS) signed an agreement to install Aerkomm K++ Connectivity Solution on the Airbus A320 Family aircraft. AIS will certify, develop, and install the system on a prototype aircraft.December 2019: Panasonic Avionics Corporation signed an agreement with Eutelsat Communications to provide Ku-band capacity on the EUTELSAT 10B satellite on two multi-beam payloads. It will be launched in 2022.
Inquire Before Buying This Research Report:https://www.fortunebusinessinsights.com/enquiry/queries/connected-aircraft-market-101954
Drivers & Restraints-Increasing Adoption of Next-generation Aircraft to Drive GrowthThe increasing passenger travels worldwide is set to surge new aircraft orders rapidly. At the same time, increasing disposable incomes of people and rising urbanization is resulting in the high demand for air travel. Also, the increasing usage of next-generation aircraft equipped with enhanced in-flight entertainment and connectivity (IFEC) services would propel the connected aircraft market growth in the coming years. However, the emergence of artificial intelligence (AI), connected technologies, and the Internet of Things (IoT) has surged the risks of cyberattacks. It may hamper the demand for the connected type of aircraft.
Segment-Ku-band Segment to Grow Rapidly Fueled by High Demand for SATCOMBased on frequency, the Ku-band segment generated 55% in terms of the connected aircraft market share in 2019. It is expected to be the fastest-growing segment in the near future because of the high demand for satellite communication (SATCOM). This type of frequency is mainly used because of its ability to offer high-speed data transmission.
Regional Insights-North America to Remain at the Forefront Stoked by Presence of Reputed CompaniesGeographically, North America held USD 2.00 billion in terms of revenue in 2019. It is expected to retain its dominance throughout the forthcoming years on account of the presence of numerous prominent aviation companies, such as Honeywell International, Lockheed Martin Corporation, and the Boeing Company in the U.S.Asia Pacific, on the other hand, is set to grow rapidly backed by the high demand for air travel, as well as the increasing aircraft deliveries in the region. Besides, the rising need for in-flight internet connectivity and the trend of bringing your device (BYOD) would also aid growth. In Europe, the higher usage of SATCOM intermediate frequencies by key companies is likely to accelerate growth.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/industry-reports/connected-aircraft-market-101954
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and PartnershipsLatest technological AdvancementsPorters Five Forces AnalysisSupply Chain AnalysisQuantitative Insights- Impact of COVID-19 Pandemic on Global Connected Aircraft MarketImpact of the COVID-19 pandemic on the global Connected Aircraft marketSteps taken by Industry/ Companies/ Governments  to overcome the impactKey Developments in the Industry in Response to COVID-19 pandemicPotential opportunities due to COVID-19 OutbreakGlobal Connected Aircraft Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast By TypeSystemSolutions   By ConnectivityIn-Flight ConnectivityAir-to-Air ConnectivityAir-to-Ground Connectivity   By ApplicationCommercialNarrow BodyWide BodyBusiness JetGeneral Aviation AircraftMilitaryFighter AircraftMilitary Transport AircraftMilitary HelicopterBy FrequencyKa-BandKu-BandL-Band    By RegionNorth AmericaEuropeAsia pacificRest of the World TOC Continued…!

Speak to Our Expert:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/connected-aircraft-market-101954 
Have a Look at Related Research Insights:In-Flight Entertainment & Connectivity Market Size, Share & COVID-19 Impact Analysis, By Type (IFE Hardware (Portable IFE System, and Non-Portable IFE System), IFE Connectivity (Wired Connectivity, and Wireless Connectivity), and IFE Content), By Class (First Class, Business Class, Premium Economy Class, and Economy Class), By Aircraft Type (Narrow Body, Wide Body, Business Jets, and Regional Aircraft), By End-User and Regional Forecast 2020-2027Aircraft Communication System Market Size, Share and Industry Analysis, By Connectivity (SATCOM HF, VHF, UHF), By System (Audio Integrating System, Communication Radios, Radio Tuning System, Cockpit Voice Recorder, and Static Dischargers), By Component (Antenna, Transponder, Receiver, Transmitter, Transceiver), By Platform (Fixed-Wing, Rotary-Wing), By Distribution Channel (OEM, Aftermarket) and Regional Forecast 2019 to 2026Autonomous Aircraft Market Size, Share & Industry Analysis, By Aircraft Type (Fixed-Wind and Rotary-Wing), By Component (Hardware and Software), By Technology (Increasingly Autonomous (IA) and Fully Autonomous), By Application (Commercial Aircraft, Air Medical Service, Passenger Air Vehicle, Cargo & Delivery Aircraft, Combat and ISR, Personal Air Vehicle, and Others), and Regional Forecasts, 2020-2027
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs
Read Press Release:https://www.fortunebusinessinsights.com/press-release/connected-aircraft-market-9512