Global Connected Aircraft Market Expected To Grow At 19.5% CAGR By 2032: Visiongain Research Inc
Visiongain has released a new report titled The Connected Aircraft Market Report 2022-2032. It includes connected aircraft market segment profiles and forecasts by systems, (satellite communication solution, data management solution, other system) Market segment by application (passenger aircraft, cargo aircraft, military aircraft, airplanes personal, other) Market segment by solution (fuel) Surveillance solution market segment, flight management solution, electronic flight bags, aircraft monitoring and communication solution, passenger and crew connectivity solution , other solution) by frequency band (Ka band, Ku band, L band, other bands) PLUS COVID- 19 Impact analysis and recovery model analysis (V-shaped, W-shaped, U-shaped , L-shaped) Profiles of major 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% during the forecast period 2022-2032.
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Gatwick Airport uses augmented reality to help passengers navigate the airport’s complicated architecture
The AR / VR revolution is used in a variety of industries including retail, healthcare, and more. The airline sector is also following suit. At present, one of the most apparent uses of these technologies can be expected in the airport realm, where AR / VR based applications can be used to enhance the airport experience. For example, Gatwick Airport uses augmented reality to help passengers navigate the complex architecture of the airport, while London City Airport has installed augmented reality technology to help air traffic controllers in their journey. essential duty to guarantee flight safety.
How has COVID-19 had a significant negative impact on the Connected Aircraft market?
The COVID-19 pandemic has had a significant impact on the aviation and aerospace industries, which depend on commercial passenger travel. As the demand for air travel fell and remained weak through 2020, the consequences spilled over to industries such as passenger airlines, airports, aircraft manufacturers and owners of repair stations in states. -United. For example, in response to declining demand, airlines have parked or decommissioned a significant portion of their aircraft fleets, reducing the demand for aircraft maintenance services. The COVID-19 outbreak has had a significant impact on the aviation industry in the United States. Passenger traffic in April 2020 was 96% lower than in April 2019, and remained 60% lower in 2020 than in 2019. The effects have spread to airports, service stores and the chain supply. For example, in response to declining demand, airlines have taken down or decommissioned many planes, reducing maintenance requirements.
Limitations on international flights, local stay-at-home orders, and the general concern with contracting and spreading COVID-19 through air travel have all had an immediate and serious impact on aviation activity in the United States. According to figures from the Department of Transportation (DOT), passenger traffic in April 2020 was 96% lower than in April 2019 and remained 60% lower throughout 2020.
How will this report help you?
Visiongain’s 400+ page report provides 241 tables and 253 tables / charts. Our new study is suitable for anyone requiring in-depth business analyzes of the global Connected Aircraft market, along with detailed market segment analysis. Our new study will help you assess the overall global and regional connected aircraft market. Get the financial analysis of the overall market and different segments including solution, system, frequency band, application and capture higher market share. We believe there are still great opportunities in this fast growing sector connected aircraft market. Find out how to use the existing and upcoming opportunities in this market to generate income in the near future. Moreover, the report would help you improve your strategic decision making, enabling you to frame growth strategies, strengthen the analysis of other market players and maximize the productivity of the company.
What are the current market drivers?
Growing demand to modernize the existing connectivity system to drive growth
The need to replace traditional data optimization and data connection systems with more efficient ones has increased dramatically as the need for operational efficiency has grown. Aircraft equipped with Aircraft Interface Devices (AIDs) and Wireless Electronic Flight Bags (EFBs) are included. At the same time, airlines are adopting satellite (SATCOM) and broadband connection technologies in response to increasing passenger demand for high-speed internet connectivity. Qatar Airways, for example, has invested in providing a better in-flight experience for its customers by adopting the Ku-band broadband connectivity solution, which allows passengers to watch live TV on the airline’s 70 flights.
Investment in agile and intelligent airport concepts
In response to the boom in the global aviation industry, the financial model of airports and airline operations has changed dramatically over the past two decades. As a result, airport authorities and airlines are looking for new ways to manage and maintain the complex ecology of airline and airport operations. This has opened up the possibility of building a flexible and shared infrastructure in which many stakeholders can easily exchange information.
This method also enables airport and airline operators to access a converged network architecture, which helps reduce airline turnaround times and improve the customer experience. In terms of business value, the dynamic and shared infrastructure enables increased operational efficiency for partners in the aviation ecosystem, which also includes tenants in the airport catchment area, which are mostly airlines.
Where are the market opportunities?
Artificial intelligence is gaining ground in the airline industry
As artificial intelligence (AI) gains traction, companies are implementing technologies to improve the consumer experience at every point of touch. There are several applications of AI, ranging from chatbots to voice-based AI systems. The airline industry recognizes the value of AI in helping them improve their technological capabilities. Many forward-thinking airlines are seeing the impact AI can have on different industries and are already investing in it.
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The airline industry also uses robots
The airline industry also uses robots to facilitate tasks such as customer service, baggage handling and parking. Last year, KLM’s socially responsible “Spencer Robot” received a lot of attention. This robot has been given the ability to deal with social issues involving humans, and its sensors can “see” and analyze people around. Spencer can also differentiate between individuals, families, and larger groups, as well as learn and follow social norms, ultimately functioning in a friendly manner.
The main players operating 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, business expansion regional and new product launches.
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