The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The connected aircraft market has witnessed rapid growth in recent years, with its size increasing from $6.82 billion in 2023 to $7.99 billion in 2024, at a compound annual growth rate (CAGR) of 17.1%. This growth is fueled by various factors such as the demand for operational efficiency, enhanced safety, and the rise in air passenger traffic.

Key Driver: Demand for Fuel Efficiency
One of the primary drivers of growth in the connected aircraft market is the increasing demand for fuel efficiency. With rising fuel costs and environmental concerns, airlines are increasingly adopting connected aircraft technologies to improve fuel efficiency. These technologies help optimize flight routes, reduce fuel consumption, and minimize emissions, thereby reducing operating costs and environmental impact.

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Technological Advancement Propelling Growth
Technological advancement is another key trend driving growth in the connected aircraft market. Companies in this market are continuously innovating and developing new technologies to enhance aircraft connectivity, safety, and efficiency. For example, Universal Avionics recently launched its connectivity ecosystem technology, allowing pilots to connect Apple iPads to the flight management system, enabling two-way communication and data sharing.

Market Consolidation: Collins Aerospace Acquisition
Market consolidation through acquisitions is also shaping the connected aircraft market. In November 2021, Collins Aerospace acquired FlightAware, a move aimed at expanding its connected aviation solutions and leveraging customer data to increase efficiency and reduce costs.

Segmentation and Regional Insights
The connected aircraft market is segmented based on type, connectivity, frequency band, and application. North America dominates the market, driven by technological advancements and the presence of major aerospace companies. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period, fueled by increasing air passenger traffic and the adoption of connected aircraft technologies.

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The Connected Aircraft Global Market Report 2024  provides an overview of the connected aircraft market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The connected aircraft market forecast analyzes connected aircraft market size, connected aircraft market share, leading competitor and their market positions.

The Table Of Content For The Connected Aircraft Market Include:
1. Connected Aircraft Market Executive Summary
2. Connected Aircraft Market Segments
3. Connected Aircraft Market Size And Connected Aircraft Market Growth Rate
4. Key Connected Aircraft Market Trends
5. Major Connected Aircraft Market Drivers
……
25. Key Mergers And Acquisitions In The Connected Aircraft Market
26. Top Connected Aircraft Companies
27. Connected Aircraft Market Opportunities And Strategies
28. Connected Aircraft Market, Conclusions And Recommendations
29. Appendix

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