TMCnet News
Connected Aircraft Market Worth 7.16 Billion USD by 2022PUNE, India, March 12, 2018 /PRNewswire/ -- 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 2022", published by MarketsandMarkets™, is projected to grow from USD 3.29 Billion in 2017 to USD 7.16 Billion by 2022, at a CAGR of 16.83% 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. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 98 Tables and 47 Figures spread through 142 Pages and in-depth TOC on "Connected Aircraft Market - Global Forecast to 2022" https://www.marketsandmarkets.com/Market-Reports/connected-aviation-market-263508082.html Early buyers will receive 10% customization on this report 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 2022 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. Ask for PDF Brocure : https://www.marketsandmarkets.com/pdfdownload.asp?id=263508082 Based on connectivity, the inflight connectivity segment of the connected aircraft market is projected to grow at the highest CAGR from 2017 to 2022. 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 traffic in emerging countries, such as India and China and rise in the number of commercial aircraft manufacturers in the region. 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. Know more about the Connected Aircraft Market: https://www.marketsandmarkets.com/Market-Reports/connected-aviation-market-263508082.html 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 5000 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. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" 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: Visit Our Blog@ http://mnmblog.org/market-research/aerospace-defence Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets 
|