Mar 15, 2018   SOURCE: BusinessWire

Global Connected Aircraft Market Report 2018-2022 with Gogo, Honeywell, Panasonic Avionics, Global Eagle Entertainment, and Inmarsat Dominating - ResearchAndMarkets.com

The "Connected Aircraft Market by Type (Systems, Solutions), Application (Commercial, Military), Connectivity (Inflight, Air-to-Air, and Air-to-Ground Connectivity), Frequency Band (Ka-Band, Ku-Band, L-Band), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The connected aircraft market is projected to grow from USD 3.29 billion in 2017 to USD 7.16 billion by 2022, at a CAGR of 16.83% during the forecast period.

This growth can be attributed to factors, such as increasing need for operational efficiency, rising aircraft deliveries, and growing need to upgrade existing connectivity systems.

Based on application, the commercial segment is estimated to account for a larger share of the connected aircraft market in 2017. The growth of this segment can be attributed to the demand for enhancing passenger experience in commercial aircraft and increasing demand for high-speed connectivity solutions for the passengers and crew.

North America is estimated to account for the largest share in the connected aircraft market in 2017. Major aircraft manufacturers and airlines, such as Boeing (US), Lockheed Martin (US), Bombardier (Canada), Bell Helicopter (US), Sikorsky Aircraft (US), American Airlines (US) and United Airlines (US) are based in this region, and thus generate growth opportunity for the connected aircraft market. North America is projected to lead the connected aircraft market during the forecast period, in terms of market share.

The connected aircraft market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, mainly due to the rising air passenger traffic. The growth in air passenger traffic has resulted in the increased demand for high-speed connectivity solutions, and this trend is expected to continue over the next five years.

Major companies profiled in the report include Gogo (US), Honeywell (US), Panasonic Avionics (US), Global Eagle Entertainment (US), and Inmarsat (UK).

Market Dynamics

Drivers

  • Increasing Need for Operational Efficiency
  • Increasing Aircraft Deliveries
  • Growing Need for Airline & Passenger Safety
  • Increasing Need to Upgrade Existing Connectivity Systems

Opportunities

  • Focus on Reducing Maintenance Time
  • Enhanced Passenger Travel Experience

Challenges

  • Cybersecurity Issues
  • Existing Backlog of Aircraft Deliveries

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Connected Aircraft Market, by Type

8 Connected Aircraft Market, by Application

9 Connected Aircraft Market, by Connectivity

10 Connected Aircraft Market, by Frequency Band

11 Regional Analysis

12 Competitive Landscape

13 Company Profiles

  • BAE Systems
  • Cobham
  • Digecor
  • Global Eagle Entertainment
  • Gogo
  • Honeywell International
  • Inmarsat
  • Kontron
  • Panasonic Avionics
  • Rockwell Collins
  • Thales
  • Viasat
  • Zodiac Aerospace

For more information about this report visit https://www.researchandmarkets.com/research/kdlwtk/global_connected?w=4