Top Companies in Connected Aircraft Market | Market Insights and Growth Analysis of Industry Major Players
The creation of new aircraft, an increase in the desire for linked technologies, and the rising demand for operational efficiency in aircraft are the major drivers of the expansion of the Connected Aircraft Market.
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Market Overview:
Global Connected Aircraft Market is valued at USD 2.7 Billion in 2021 and is projected to reach a value of USD 10.2 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 24.8% over the forecast period. With more and more people wanting their aircraft's ground-to-air communications to be digitalized, there has been an increase in demand for the Internet of Things (IoT) as a means of powering and managing such systems. By using IP networks to connect aircraft to the internet and offer real-time data to flight operations, connected aircraft enable aircraft crews and ground operators to efficiently monitor and manage their craft's location and operation. Additionally, the global market for connected aircraft is expanding due to the increasing demand for internet connectivity in flights, the increased use of portable devices by individuals, and the Internet of Things' efficiency in maintaining air traffic management.
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Some of the key players operating in the Connected Aircraft Market are listed below:
|
Company Name |
Revenue in the USD |
|
$23 Billion |
|
<$5 Million |
|
$761 Million |
|
$17 Billion |
|
$1 Billion |
|
$1 Billion |
BAE Systems PLC is a global provider of defense, aerospace, and security solutions. The company operates through five segments: Cyber & Intelligence, Electronic Systems, Platforms & Services (U.S.), Air, and Maritime. The Electronic Systems segment offers electronic navigation systems, warfare systems, electro-optical sensors, military, and commercial digital engine and flight controls, military communication systems and data links, persistent surveillance systems, precision guidance & seeker solutions, space electronics, and electric drive propulsion systems.
Zodiac Aerospace was a French aerospace group founded in 1896 that supplied systems and equipment for aircraft. It had around 100 sites across the globe and employs around 35 thousand professionals globally. In October 2018, it was acquired by French aerospace and defense company Safran.
Panasonic Avionics Corporation designs, engineers, manufactures, sells, and installs customized in-flight entertainment and communications devices for airlines worldwide. Panasonic Corporation of North America (the parent company of Panasonic Avionics Corporation) is Panasonic's primary subsidiary in the Americas.
Thales S.A. provides various solutions for civilian and military customers in the aeronautics, space, defense, security, ground transportation, and digital security markets worldwide. It operates through the Aerospace, Transport, Defence & Security, and Digital Identity & Security segments. The company provides communications, command, and control systems; mission support and services; protection and mission/combat systems; surveillance, detection, and intelligence systems; training and simulation solutions for air, land, and sea troops; and digital identity and security solutions.
Cobham Ltd is a British company that serves multiple sectors by developing and producing hardware, specialized systems, and components for use in fields like aerospace, defense, energy, and electronics. The Company products include refueling equipment, aviation oxygen systems, weapon system containers, and rescue and navigation lights.
The British satellite communications corporation Inmarsat provides mobile services all over the world. Inmarsat Plc provides telephone and data services to users worldwide via portable or mobile terminals which communicate with ground stations through fourteen geostationary telecommunications satellites.
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