The Connected Aircraft Market is projected to grow from USD 10.0 billion in 2023 to USD 16.5 billion by 2028, at a CAGR of 10.6% from 2023 to 2028. Connected aircraft can continuously transmit performance data to ground maintenance teams, enabling early detection of potential issues and proactive maintenance, enhancing overall safety, and reducing downtime.
Key Market Players:
Major players operating in the Connected Aircraft Market include Honeywell International (US), Raytheon Technologies (US), Thales Group (France), Viasat Inc (US), and Gogo Inc (US) are some of the major players. These companies have reliable manufacturing facilities and strong distribution networks across key regions, such as North America, Europe, and Asia Pacific.
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Based on type, the software segment is expected to dominate the market share during the forecast period. Connected aircraft enable real-time monitoring of critical systems and components. Advanced software solutions can analyze this data to predict maintenance needs accurately. Predictive maintenance can help reduce downtime, increase aircraft availability, and lower maintenance costs.
Based on the Platform, the commercial aviation segment is projected to hold a larger market share during the forecasted period. Connected aircraft solutions allow commercial airlines to monitor real-time data related to flight operations, fuel efficiency, and maintenance needs. This data-driven approach can improve operational efficiency, reduce costs, and better resource management.
Based on the connectivity, the in-flight connectivity segment is expected to grow more during the forecast period. In-flight connectivity is crucial for the Internet of Things (IoT) in aviation. Connected aircraft systems can collect and transmit data, allowing personalized services and targeted marketing to passengers based on their preferences and behaviors.
Based on Region, North America accounted for the largest market share in 2023 and is projected to witness the highest CAGR during the forecast period. North America is home to some of the world’s leading technology companies and aerospace manufacturers. These companies are at the forefront of developing and implementing connected aircraft solutions, driving innovation, and setting industry standards. The region has well-developed ground infrastructure and communication networks, which facilitate the implementation and operation of in-flight connectivity systems.
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