Connected Aircraft Market Trend Evaluation with covid-19 impact
This new report from Stratview Research analyses the Connected Aircraft Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025.
The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Connected Aircraft Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Connected Aircraft Market is no different. Derived from the previous market scenario, the Connected Aircraft Market is likely to witness an impressive CAGR of 19.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Market Share Analysis
Connected Aircraft Market Share: By Type
Based on the type, the market is segmented as systems and solutions. The solutions segment was estimated to remain dominant in 2018, and is anticipated to continue its dominance in the coming five years. This growth is owing to the rising air passenger traffic and the escalating demand for inflight connectivity which are the factors boosting the growth of this segment.
Connected Aircraft Market Share: By Application Type
Based on the application type, the market is segmented as commercial and military. The commercial segment is expected to grow at a higher rate, driven by the growing aircraft orders from the Asia-Pacific and the Middle Eastern countries.
Connected Aircraft Market Share: By Connectivity Type
Based on the connectivity type, the market is segmented as inflight connectivity, air-to-ground connectivity, and aircraft-to-aircraft connectivity. The rising claim for inflight entertainment and passenger connectivity is the major growth driver of the inflight connectivity segment during the forecast.
Connected Aircraft Market Share: By Frequency Type
Based on the frequency type, the market is segmented as Ka-band, Ku-band, and L-band. The Ku-band segment is estimated to depict the highest growth rate owing to its capability to transmit high-speed data, during the forecast period.
Connected Aircraft Market Share: By Region
In terms of regions, North America dominated the connected aircraft market in 2018, and is expected to continue its dominance during the forecast period. There are global giant commercial aircraft manufacturers and airlines in the North American region, such as Boeing (US), American Airlines (US), United Airlines (US) and Bombardier (Canada), which create a huge demand for connected aircraft products in the coming five years. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.