PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300883
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300883
Global Connected Aircraft Market is valued at approximately USD 3.45 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 25.14% over the forecast period 2023-2030. The connected aircraft market means the integration of advanced connectivity technologies and solutions into aircraft systems, enabling enhance communication, data exchange and operational efficiency for various stakeholders within the aviation ecosystem. The connected aircraft market is being driven by factors such as increasing passenger travel across the globe and the increased procurement of new aircraft and drones.
The Connected Aircraft it involves various onboard systems and devices to enable seamless communication and data sharing between the aircraft and ground operations. These system help both passengers and management for smooth operations. According to International Air Transport Association, the total air traffic in March 2023 is rising by 52.4% as compared to March 2022. The overall travel number in 2021 was 27% of the 2019 level this is projected to increase to 83% in 2022, 94% in 2023 and 103% in 2024. Thus, the rising number in air travel fueling the growth of the market. The rise in demand for high-level internet connectivity is in demand for various applications and there is demanded to change the conventional system of data optimization and connection system with a more reliable system. However, the threat like cyber -attack on air traffic management that causes the delays in flights may hinder the growth of the market.
The key regions considered for the Global Connected Aircraft Market Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to the presence large number of air craft system and service providers. Asia pacific consider the fastest growing region in the forecasted period due to emerging Economy's like India and China and growing air travel demand from these countries.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable