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3. Connected Aircraft Companies - Gogo Inc. (US) and Honeywell International Inc. (US) are the Key Players

The Connected Aircraft size is projected to grow from USD 10.0 billion in 2023 to USD 16.5 billion by 2028, at a CAGR of 10.6 % from 2023 to 2028. While initial investments in connectivity infrastructure can be substantial, the long-term benefits often outweigh the costs. Improved operational efficiency, better maintenance planning, and additional revenue from in-flight services can contribute to cost savings and revenue generation for airlines.

The market for connected aircraft is experiencing a paradigm shift in the aviation industry. This advanced concept has integrated the internet and cutting-edge technologies into airplanes, revolutionizing the aviation ecosystem. The primary goal of connected aircraft is to enhance safety, optimize flight operations, and elevate the passenger experience. Through the Internet of Things (IoT), critical systems within the aircraft are interconnected, facilitating real-time data exchange between components such as engines, avionics, and sensors. This enables airlines to monitor aircraft health and performance during flights, leading to proactive maintenance and reduced downtime. The connected aircraft market has witnessed substantial growth due to the rising demand for real-time data analytics and improved operational efficiency. Airlines are leveraging data to optimize fuel consumption, minimize maintenance costs, and streamline flight planning, boosting profitability and reducing environmental impact. Passengers also benefit from connected aircraft through high-speed internet connectivity during flights, enabling productivity and entertainment.

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As the connected aircraft market gains momentum, key players in the aviation industry are investing significantly in research and development to further enhance the technology. Advancements in artificial intelligence and machine learning are being integrated into connected aircraft systems to enable more sophisticated data analysis and predictive maintenance capabilities. This will lead to even more efficient operations and improved safety standards. Moreover, the increasing demand for seamless connectivity and in-flight entertainment options has led to the emergence of new partnerships between airlines and technology companies. These collaborations focus on delivering enhanced in-flight experiences for passengers, such as personalized content and interactive services, which will undoubtedly influence customer loyalty and satisfaction. Key players such as Honeywell International (US), Raytheon Technologies (US), Thales Group (France), Viasat Inc (US), and Gogo Inc (US) are some of the major players working toward developing enhanced connected solutions to aid the aviation industry.

Gogo Inc. (US) is a prominent company that specializes in providing internet connectivity solutions for airplanes. They are a global leader in delivering broadband connectivity products and services for aviation. Their primary focus is on designing and procuring advanced network solutions that establish a connection between aircraft and the internet. Additionally, they develop software and platforms that enable customizable solutions for their aviation partners. Gogo takes pride in offering exceptional reliability across the globe once the aircraft is connected.

Honeywell International Inc. (US) is a multinational company that operates globally with an employee force of 110,000 as of 2022. It is a leading software company that provides technology-based solutions to increase the efficiency and sustainability of the business. The company mainly operates in four business sectors Aerospace, Building Technologies, Performance Materials, and Security & Productivity solutions. The aerospace division offers auxiliary power units, propulsion engines, environmental control systems, connectivity, electric power systems, engine controls, flight safety, communication systems, navigation systems, radar and surveillance systems, aircraft lighting, management and technical services, logistics services, advanced systems and instruments, aircraft wheels and brakes, repair and overhaul services, turbochargers and thermal systems, defense, and helicopters. Its core competencies include improved operational efficiency and a strong distribution network across the globe. The company has 41 subsidiaries worldwide.

Raytheon Technologies Corporation (US) is an aerospace & defense technology company that provides advanced systems and services for commercial, military, and government customers worldwide. It specializes in the design, production, and support of communication and aviation electronics for military & commercial customers across the globe. Forces operating in satellite-limited and contested battlefield environments rely on advanced, secure, beyond-line-of-sight (BLoS) communications. Thus, Collins Aerospace provides modernized, high-frequency (HF) communications systems that provide all the communications capabilities needed with very low day-to-day operating costs. The company has expertise in flight deck avionics, cabin electronics, mission communications, simulation & training, and information management services. The company’s hardware, software, and service offerings encompass cabin management, communications, displays & surveillance systems, flight controls, information management services, integrated avionics mission & training solutions, navigation, and global service and support. The company offers solutions to the US, Middle East, and North America, Asia -Pacific, Europe, Canada, and all others.

Thales Group (France) is a key player in the aerospace & defense industry. It develops and offers a range of airborne, naval, and land systems for commercial aviation, defense, and homeland security industries. Thales Group operates through the Aerospace, Transport, Defence and Security, and Digital Identity and Security segments. The company manufactures airborne compact SATCOM, MALE UAV SATCOM terminals, airborne high-capacity SATCOM, and ultra-SATCOM systems for commercial and defense applications.

Viasat Inc. (US) is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets. It offers broadband digital satellite communications and wireless networking services, as well as provides satellite communications products such as network control systems and information distribution systems, modems, terminals, and simulation test equipment.

Related Reports:

Connected Aircraft Market by Type (Hardware, Software), Platform (Commercial, Business & General Aviation, Military, UAV, AAM), Connectivity (In-Flight, Air-To-Air, Air-To-Ground) & Region (North America, Europe, APAC, MEA, ROW) - Global Forecast to 2028

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