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Connected Aircraft Market in ACRS and ACMS Systems are Expected to Showcase High CAGR by 2024

Author : Ronak Bora | Published Date : 2019-04-17 

Connected Aircraft Market Report added by Global Market Insights, Inc. offers industry size, share, growth, trends and forecast analysis up to 2024. The market report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global connected aircraft market and provides information regarding the revenue for the period 2017 to 2024.

Technological innovations in satellite communication have created new avenues for connected aircraft market. For instance, the increase in bandwidth has led to a surge in internet connectivity speed. Connected aircraft systems enable the transmission of real-time data from ground-based operating systems, which assist in providing critical information regarding management, display, and management of multiple systems operating in the avionics systems of the aircraft in case of an emergency. The shift from seat-centric entertainment systems to portable entertainment devices, which are lightweight and are technologically-friendly acts as a major opportunity for the connected aircraft industry.

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Rising prevalence of satellite-based connectivity and broadband services allows aircraft operators and airlines to collect data regarding the health monitoring of the new generation IFC aircraft and fuel consumption, thus improving the flight efficiency. The use of big data and real-time analytics for predictive maintenance also is a major trend for the connected aircraft market progress.

Segmentation of the connected aircraft market by components include Aircraft Condition Monitoring System (ACMS), electronic fleet bag, and Aircraft Communication & Reporting System (ACRS). ACRS and ACMS systems are projected to experience a high CAGR as they assist the crew in flight operation monitoring, improving the efficiency and augmenting the overall customer experience. ACMS systems are used in monitoring the health of the devices and equipment on the plane, satisfying regulatory norms, and reducing risks by streamlining continuous improvement of operations. ACRS systems provide a structural approach to the management of risk and boost safety by enhancing communication.

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The U.S. is anticipated to dominate the connected aircraft market owing to the growth in the demand from passengers for in-flight internet access owing to technological advancements and high usage of advanced technology. Asia Pacific is anticipated to witness the largest growth rate during the forecast time span owing to rising urbanization and increase in the disposable income, high travel rate of passengers, and rising popularity of personal electronic devices amongst the population.

The players operating in the connected aircraft market include Honeywell International, Inc., Panasonic Corporation, SITA OnAir, Thales SA, Kontron AG, Inmarsat plc, Gogo, Inc., Global Eagle Entertainment, Inc., Cobham plc, IBM, Google, Spafax, Apple, and Microsoft. Vendors have adopted business strategies, such as partnerships, mergers, acquisitions, and new product development to get a large hold on the connected aircraft industry.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/connected-aircraft-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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