Pune, India -- (SBWIRE) -- 09/20/2018 -- Connected Aircraft Market Highlights

Connected aircraft facilitates in-flight entertainment to air passengers with the provision of high-quality audio, video, games, flight details, music, movies, radio, and news. In addition to that, it will benefit the passenger in terms of comforts, reduce pilot and flight crew workload, cut maintenance time and costs, and lower cost of ownership. The increased technological innovations in satellite communication, enhanced passenger travel experience, increasing need to upgrade existing connectivity systems, improvement in the aircraft operational efficiency will enable manufacturers to offer new growth opportunities to the market players. The factors driving the growth of the global connected aircraft market are the increased need for operational efficiency, rising aircraft deliveries, growing need to upgrade existing connectivity systems, and rise in the adoption rate of hardware for aircraft connectivity systems. However, there are some shortcomings in the operative performance of connected aircraft, such as cyber-security concerns by the airlines, inconsistency & replacement of traditional data connection, data optimization with the modern systems, and slack in the data package delivery.

The market for global connected aircraft is estimated to witness 16% CAGR during the forecast period 2018-2023.

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Key Players

The key players in global connected aircraft market are Honeywell International Inc. (U.S.), Panasonic Corporation (Japan), SITAONAIR (Switzerland), Thales Group (France), Kontron AG (Germany), Inmarsat plc (U.K), Gogo Inc. (U.S.), Global Eagle Entertainment Inc. (U.S.), Cobham plc (U.K), IBM (U.S.), Google (U.S.), Spafax (U.K), Apple (U.S.), and Microsoft (U.S.).

The scope of the Report

This study provides an overview of the Global Connected Aircraft Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global connected aircraft market by its type, purpose, end-user and region.

By Type

- Systems
o Satellite Communication Systems
o Data Management Systems
o Others

- Solutions
o Fuel Monitoring Systems
o Flight Management Systems
o Electronic Flight Bags
o Aircraft Monitoring & Communication Systems
o Passenger & Crew Connectivity Systems
o Others

By Application

- Commercial
- Military

By Aircraft Type

- Fixed-Wing
- Rotary-Wing

By Connectivity

- Inflight
- Air-To-Ground
- Aircraft-To-Aircraft

By Frequency Band

- Ka-band
- Ku-band
- L-band

By Region

- America
- Europe
- Asia Pacific
- Middle East & Africa
- South America

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Detailed Segmentation and Regional Analysis

The global connected aircraft market is segmented by type, application, aircraft type, connectivity, frequency band, and region. On the basis of type, the solutions market segment is widely used and comprises the larger share, due to the increasing passenger traffic and growing demand for in-flight connectivity. On the basis of connectivity, the in-flight connectivity has the largest demand in the connected aircraft market, due to increasing demand for in-flight entertainment systems and passenger connectivity. On the basis of frequency bands, the Ku-band market segment has a higher demand in the connected aircraft market due to its capability to transmit high-speed data. The increase in bandwidth has led to a surge in internet connectivity speed. On the basis of aircraft type, the fixed-wing market segment has the largest demand in the connected aircraft market.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South America. As of 2017, the North American region dominated the market, due to the presence of Boeing and Bombardier, the major commercial aircraft manufacturers, and airlines such as American Airlines and United Airlines. The Asia Pacific region is second to the North American region in the global connected aircraft market due to urbanization and increase in the disposable income, high travel rate of passengers, and rising air passenger traffic. Thus, the global connected aircraft market is estimated to witness a CAGR of over 16% from 2018 to 2023.

Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers

Continued...........

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