Global Connected Aircraft Solutions Market Will Grow at a CAGR of 15% during 2019-2023 | Technavio
LONDON--(BUSINESS WIRE)--Apr 10, 2019--Technavio has announced the release of their research report on the global connected air solutions market for the forecast period 2019-2023. This global connected aircraft solutions market analysis report segments the market by end-user (civil aviation and military aviation) and geography (APAC, Europe, MEA, North America, and South America).
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The global connected aircraft solutions market will grow at a CAGR of nearly 15% during the period 2019-2023. (Graphic: Business Wire)
Global connected aircraft solutions market size will grow by almost USD 3.16 billion, at a CAGR of nearly 15%. Connectivity solutions enable the maintenance personnel on the ground to regularly collect various data about the aircraft. This helps in better maintenance of all the aircraft in the fleet. Many vendors are offering high-speed ground connectivity solutions. For instance, Germany’s Deutsche Telekom in partnership with Inmarsat recently announced the launch of European Aviation Network (EAN). The EAN service uses Inmarsat’s S-band satellite and Deutsche Telekom’s cellular towers to provide seamless connectivity. The emergence of ground connectivity through connected aircraft solutions is one of the trends that will fuel the market’s growth during the forecast period.
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Focus on enhancing overall passenger inflight experience
Many aircraft operators are focusing on improving customer satisfaction by engaging the passengers with wireless inflight entertainment. Aircraft operators such as LATAM Airlines Group offers broadband connectivity for its passengers to access traditional e-commerce channels. This helps the passenger to order a product or service while they are onboard and lets them pick the parcels at the destination. Many such inflight advancements among several aircraft operators will drive the global connected aircraft solutions market.
“North America will witness a faster growth over the forecast period owing to the presence of many airlines and commercial aircraft manufacturers. Major vendors like Honeywell International and Curtiss-Wright Corporation are partnering to improve the inflight connectivity services. The emergence of new airline operators is aiding the growth of the commercial aviation industry in Africa. The increase in the number of aircraft increases the need for inflight connectivity services. These factors will help the growth of the global connected aircraft solutions market during the forecast period”, says an analyst at Technavio.
Many vendors such as Global Eagle, GOGO, FLYHT Aerospace solutions, and UNITED TECHNOLOGIES, are offering connected aircraft solutions in North America. FLYHT Aerospace solutions recently teamed up with AirAsia to increase the installed base with an additional 100 aircrafts. GOGO too announced the deployment of new wireless streaming entertainment solutions for seatback-mounted devices on Delta Air Lines’ Bombardier CS100 aircraft deliveries. A rise in such deployments will boost the growth of the global connected aircraft solutions market.
View snapshot of the report for a more detailed overview of the market and the segmentation covered in this report
This global connected aircraft solutions market industry research report provides an in-depth analysis of the major drivers, upcoming trends, and challenges that will impact market growth over the forecast period. The report analyzes the competitive landscape and offers details on several connected aircraft solution providers including -
- GOGO LLC.
- Honeywell International Inc.
- Inmarsat Plc.
- Panasonic Corporation
- Thales Group
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. Technavio’s report library consists of more than 10,000 reports covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.
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KEYWORD: UNITED STATES EUROPE NORTH AMERICA GERMANY
INDUSTRY KEYWORD: ENTERTAINMENT TECHNOLOGY ONLINE RETAIL DATA MANAGEMENT TRANSPORT AIR TRAVEL TRANSPORTATION MOBILE/WIRELESS MANUFACTURING AEROSPACE RETAIL MOBILE ENTERTAINMENT
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 04/10/2019 10:00 AM/DISC: 04/10/2019 10:00 AM