Global Connected Aircraft Market: Key Highlights
Global Connected Aircraft Market: Key Market Dynamics
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Global Connected Aircraft Market: Regional Overview
The connected aircraft market in the North America region is projected to witness high demand due to growing number of aircraft orders and increasing commercial usage of connected aircraft technologies. Additionally, the connected aircraft technology is slowly gaining importance in military. The US aerospace industry is the largest across the globe and contributed to around USD 374 billion of the country’s GDP in 2018.
Owing to the rapid growth of the aerospace & defense industry in Europe, the demand for connected aircraft is expected to increase. Additionally, flourishing aviation sector and adoption of advanced technology may drive the demand for product market. According to the Aerospace & Defense Industries Association of Europe, the total turnover stood at USD 281.67 billion in 2018. The country invested USD 21.76 billion in aerospace & defense R&D.
Global Connected Aircraft Market: Key Players Overview
GOGO LLC is one of the leading provider of broadband connectivity services and products for aviation. In October 2018, the company launched partner with Brazil's GOL Linhas Aereas, which will help Gogo LLC to launch of Aircraft Data Service, Wireless Quick Access Recorder and Automated Turbulence Reporting which will help in tapping into aircraft data to drive operational efficiency.
Honeywell International Inc. is a US-based company engaged in the invention and commercialization of technologies for overcoming the challenges across energy, safety, security, productivity, and global urbanization. It operates through major business segments, i.e., aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solutions. In June 2019, the company announced Honeywell Forge for Airlines, an advanced analytics based platform for airlines which will help to improve efficiency and overall passenger experience.
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