Asia-Pacific Connected Aircraft Market to Grow at Double Digit CAGR During 2019– 2024
Growing demand for providing in-flight internet access to the passengers to drive Asia-Pacific connected aircraft market through 2024
According to TechSci Research report, “Asia-Pacific Connected Aircraft Market By Type, By Aircraft Type, By Application, By Connectivity, By Frequency Band, By Entertainment Systems, By Country, Competition, Forecast & Opportunities, 2024”, Asia-Pacific connected aircraft market is projected to grow at impressive rate during the forecast period on account of growing demand for improving the operation efficiency and upgradation of existing aircraft fleet. Connected aircraft are designed to provide passengers with in-flight entertainment such as news, high quality audios, games, video, among others. Moreover, connected aircraft helps to capture real-time data information, by integrating data centric architecture into modern aircraft which is expected to positively affect the growth of the market through 2024.
Asia-Pacific connected aircraft market can be segmented based on type, aircraft type, application, connectivity, frequency band and entertainment systems. In terms of type, the market can be segmented into systems and solutions, of which solution segment is expected to lead the market during forecast period on account of growing demand for inflight connectivity and surging passenger traffic. On the basis of application, the market can be bifurcated into commercial and military. Commercial segment is expected to register positive growth on account of increase in the aircraft orders for commercial application.
Major players operating in Asia-Pacific connected aircraft market are Cobham plc, Eutelsat Communications SA, Global Eagle Entertainment Inc, Gogo Inc, Honeywell International Inc, Inmarsat plc, Iridium Communications Inc, Kontron AG, Panasonic Corporation, Rockwell Collins Inc, SITA OnAir, Thales SA, ViaSat Inc, Zodiac Aerospace SA, among others. Companies operating in the market are adopting organic and inorganic strategies such as product launch, investments & expansions and agreements & contracts to ensure growth in the market.
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“Asia-Pacific connected aircraft market is expected to witness significant growth on account of growing urbanization and increasing air passenger traffic in countries such as India and China, etc. Moreover, rising popularity of personal electronic devices among people and increasing investment by leading players operating in airlines business are further anticipated to positively influence Asia-Pacific connected aircraft market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Asia-Pacific Connected Aircraft Market By Type, By Aircraft Type, By Application, By Connectivity, By Frequency Band, By Entertainment Systems, By Country, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Asia-Pacific connected aircraft market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific connected aircraft market.
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