A new report by Market Research Engine suggests the connected aircraft market could exceed $6bn within the next three years.
It says the global connected aircraft market is growing due to the growing demand of inflight internet by air passengers.
The global connected aircraft market is expected to grow at a CAGR of 14.9% during the period of 2015–2020.
The growth is due to an increasing demand for inflight internet by air passengers and is expected to grow at a CAGR of 34.2% during the period of 2015–2020.
Ku and Ka-band services are expected to grow at a CAGR of 30.7% and 40.2% respectively, during the period of 2015–2020.
The report says the sector supports 50,000 routes and carries more than three billion passengers globally. By 2030, it is estimated that the passenger aircraft fleet size will be almost double.
It adds the market is supported by growth in the number of global air passengers and growing demand for inflight connectivity services such as inflight Wi-Fi, especially from the business class and millennials.
The connected aircraft market is also supporting the growth of related markets such as software developers, content developer, game developers, gaming device manufacturers, e-magazines, and hospitality and retail sectors.
Highlights from the report include:
• From seat-centric entertainment systems the market is shifting towards lightweight, technology-friendly tablets. In other words, portable entertainment devices are slowly replacing seat-centric systems.
• On demand audio-video services are becoming one of the popular passenger entertainment services.
• The upcoming connected aircraft services are on-board infotainment services and live telecasts of news and sports inside the aircraft.
• New connectivity technologies such as Ka-band are helping airlines to provide high-speed inflight internet.
• US, Germany and China are the leading connected aircraft markets in their respective regions i.e. North America, Western Europe and Asia Pacific excluding Japan.