The global Connected Aircraft market is expected to grow at a CAGR of 19.5% by 2032: Visiongain Reports Ltd

Visiongain Reports Ltd

Visiongain Reports Ltd

Visiongain has released a new report titled Connected Aircraft 2022-2032. It covers profiles of Connected Aircraft and Forecasts Market Segment by System, (Satellite Communication Solution, Data Management Solution, Other System) Market Segment by Application (Passenger Aircraft, Cargo Aircraft, Military Aircraft, Personal Aircraft, Other) Market Segment by Solution (Fuel Monitoring Solution, Flight Management Solution, Electronic Flight Bags, Aircraft Monitoring & Communication Solution, Passenger & Crew Connectivity Solution, Other Solution) Market Segment by Frequency Band (Ka-Band, Ku-Band, L-Band, Other Bands) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V- shaped, W-shaped, U-shaped, L-shaped) Profiles from leading companies, region and country.

The global connected aircraft market was valued at US$2,087 million in 2021 and is expected to grow at a CAGR of 19.5% over the forecast period 2022-2032.

Gatwick Airport uses augmented reality to help passengers navigate the airport’s complicated architecture

The AR/VR revolution is being used in a variety of industries, including retail, healthcare, and more. The aviation sector is also following. At the moment, one of the most obvious applications of these technologies can be expected in the airport domain, where AR/VR based apps can be used to enhance the airport experience. For example, Gatwick Airport uses augmented reality to help passengers navigate the complicated architecture of the airport, while London City Airport has installed augmented reality technology to assist air traffic controllers in their critical task of keeping flights safe.

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How has COVID-19 had a significant negative impact on the Connected Aircraft market?

The COVID-19 pandemic had a significant impact on the aerospace industry, which relies on commercial passenger travel. As air travel demand fell and remained low through 2020, the impact rippled through industries such as passenger airlines, airports, airline manufacturers and repair station owners in the United States. For example, in response to decreased demand, airlines parked or dismantled a significant portion of their aircraft fleet, reducing demand for aviation maintenance services. The COVID-19 epidemic had a significant impact on the aviation industry in the United States. Passenger traffic was 96 percent lower in April 2020 than in April 2019 and remained 60 percent lower in 2020 than in 2019. The effects spread to airports, service shops and the supply chain. For example, in response to lower demand, airlines have grounded or retired numerous aircraft, reducing the need for maintenance.

International flight restrictions, local stay-at-home concerns and a general concern about contracting and spreading COVID-19 through air travel all had an immediate and serious impact on aviation operations in the United States. According to figures from the Department of Transportation (DOT), passenger traffic was 96 percent lower in April 2020 than in April 2019 and remained 60 percent lower throughout 2020.

What benefits does this report have for you?

Visiongain’s 400+ page report offers 241 tables and 253 graphs/graphs. Our new study is suitable for anyone who needs commercial in-depth analysis for the global connected aircraft market along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional Connected Aircraft market. Get the financial analysis of the total market and different segments including solution, system, frequency band, application and conquer bigger market share. We believe there are still many opportunities in this fast-growing connected aircraft market. See how you can use the existing and future opportunities in this market to reap revenue benefits in the near future. In addition, the report would help you improve your strategic decision-making so that you can formulate growth strategies, strengthen the analysis of other market players and maximize the productivity of the company.

What are the current market factors?

Rising demand for modernization of existing connectivity system to drive growth

The need to replace traditional data optimization and data connectivity systems with more efficient systems has increased dramatically as the need for operational efficiency has increased. Among them are aircraft with aircraft interface devices (AID) and wireless electronic flight bags (EFB). At the same time, airlines are adopting satellite (SATCOM) and broadband connectivity technologies in response to increased passenger demand for high-speed Internet connections. Qatar Airways, for example, has invested in providing a better flight experience for its customers by leveraging its Ku-band high-speed connectivity solution, which allows passengers to watch live television on the airline’s 70 flights.

Investment in agile and smart airport concepts

In response to the growing aviation industry around the world, the financial model of airports and aviation operations has changed dramatically over the past two decades. As a result, both airport authorities and airlines are looking for new ways to manage and sustain the complicated ecology of aviation and airport operations. This has opened up the opportunity to build a flexible and shared infrastructure in which many stakeholders can exchange information smoothly.

This method gives both the airport and airlines access to a converged network architecture, which saves airline turnaround times and improves the customer experience. In terms of business value, the dynamic and shared infrastructure enables improved operational efficiencies for the aviation ecosystem partners, including tenants in the airport’s catchment areas, which are mostly airlines.

Where are the market opportunities?

Artificial intelligence is gaining ground in the aviation industry

As artificial intelligence (AI) gains traction, companies are deploying technology to improve the consumer experience at every touchpoint. There are several applications of AI, ranging from chatbots to voice-activated AI systems. The aviation industry recognizes the value of AI in helping them improve their technological capabilities. Many forward-thinking airlines are seeing the impact AI can have in various sectors and are already investing in it.

Aviation sector also uses robots

The airline industry also deploys robots to assist with tasks such as customer service, baggage handling and parking. Last year KLM’s socially conscious ‘Spencer Robot’ received a lot of attention. This robot has been given the capacity to deal with social problems involving people, and its sensors can ‘see’ and analyze people around it. Spencer can also tell the difference between people, families and larger groups, as well as learn and follow social norms, and ultimately work in a people-friendly way.

Competitive landscape

Major players in the connected aircraft market are SITA OnAir, Thales SA, Panasonic Corporation, Honeywell International Inc, GOGO Inc, Inmarsat plc, Safran SA, Viasat, Inc., Eutelsat Communications SA, Iridium Communications Inc., BAE Systems plc, Intelsat SA, Lufthansa Technik, The Boeing Company, Airbus Group SE, AT&T Inc., These major players operating in this market have adopted various strategies including mergers and acquisitions, investments in R&D, collaborations, partnerships, regional business expansion and launch of new products.

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About Visiongain

Visiongain is one of the fastest growing and most innovative independent market intelligence available, the company publishes hundreds market research reports which it adds to its extensive portfolio every year. These reports provide in-depth analysis across 18 industries worldwide. The reports are 10-year forecasts, hundreds of pages long, with in-depth market analysis and valuable competitive intelligence. Visiongain operates in a range of vertical markets, which can currently influence each other, including the automotive, aerospace, chemical, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our custom and syndicated market research reports mean you can get a tailored piece of market intelligence tailored to your own business needs.

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