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Connected Aircraft Market worth $16 billion by 2027 at a CAGR of 17%

Connected Aircraft Market is projected to grow from USD 3 billion in 2017 to USD 16 billion by 2027, at a CAGR of 17% during the forecast period.

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Connected Aircraft Market worth $16 billion by 2027 at a CAGR of 17%

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  1. The report "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 2027 ", is projected to grow from USD 3 billion in 2017 to USD 16 billion by 2027, at a CAGR of 17% during the forecast period. The rise in the number of aircraft deliveries, operational efficiency, upgradation of existing aircraft fleet, and need for passenger and airline safety are other factors driving the connected aircraft market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263508082 Based on type, the solutions segment is expected to grow at a higher rate during the forecast period. The solutions segment is expected to grow at a higher rate during the forecast period. This growth is attributed to an increase the increase in demand for high-speed connectivity for internet access from passengers. Based on application, the commercial segment of the connected aircraft market is projected to grow at a higher CAGR from 2017 to 2027 Based on application, the commercial segment is projected to grow at a higher CAGR during the forecast period. Increasing aircraft orders from emerging countries, such as China and India is driving the commercial segment. Based on connectivity, the inflight connectivity segment of the connected aircraft market is projected to grow at the highest CAGR from 2017 to 2027. Based on connectivity, the inflight connectivity segment of the connected aircraft market is projected to grow at the highest CAGR during the forecast period. The increasing demand for high-speed connectivity in commercial aircraft and increasing emphasis on passenger experience during air travel are factors contributing to the growth of inflight connectivity segment. Asia Pacific is expected to be the fastest-growing market for connected aircraft during the forecast period. Asia Pacific is expected to be the fastest-growing market for connected aircraft during the forecast period. The growth can be attributed to an increase in air passenger

  2. traffic in emerging countries, such as India and China and rise in the number of commercial aircraft manufacturers in the region. Key Market Players Major players operating in the connected aircraft market include Gogo (US), Honeywell (US), Panasonic Avionics (US), Global Eagle Entertainment (US), and Inmarsat (UK). Key players offer various connected aircraft solutions and systems. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=263508082 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441

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