Navigating the Future: The Expansion of the Connected Aircraft Market

The Connected Aircraft Market is projected to expand from USD 10.0 billion in 2023 to USD 16.5 billion by 2028, at a CAGR of 10.6%. Connected aircraft are transforming the aviation industry by generating vast amounts of data, including flight performance, engine health, weather conditions, and more. This data is crucial for gaining insights, optimizing flight routes, predicting maintenance needs, and enhancing safety.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263508082

Key Market Insights:

1. Market Segmentation:

By Type:

Expected to hold the largest market share during the forecast period. Advances in AI, machine learning, data analytics, and cloud computing are driving the demand for sophisticated software solutions in the aviation industry.

By Platform:

Commercial Aviation: Anticipated to have the highest market share in 2023. The growing demand for in-flight connectivity and services among passengers is pushing commercial airlines to adopt connected aircraft technology to improve the passenger experience.

Business & General Aviation

• Military
• UAV
• AAM

By Connectivity:

In-Flight Connectivity: Expected to grow the fastest during the forecast period. Passengers increasingly expect seamless connectivity to stay connected, work, browse the internet, access social media, and stream entertainment during flights.

• Air-To-Air
• Air-To-Ground

2. Regional Analysis:

North America: Expected to account for the largest market share in 2023 and witness the highest CAGR during the forecast period. The region’s robust commercial aviation industry, home to major airlines and aircraft leasing companies, is a significant driver. Early adoption of connected aircraft technologies has also positioned North America as a leader in the market.

3. Major Key Market Players:

Leading companies in the Connected Aircraft market include:

• Honeywell International (US)
• Raytheon Technologies (US)
• Thales Group (France)
• Viasat Inc (US)
• Gogo Inc (US)

These companies are spearheading innovation in the industry, leveraging their advanced R&D capabilities and diverse product portfolios to expand their market presence.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=263508082

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Rohan Salgarkar

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]