Posted 2/22/2024, 2:30:00 PM
Connected Aircraft Market Takes Off, Projected to Reach $26 Billion by 2031 on Tech Advancements and Passenger Connectivity Demands
- Global connected aircraft market to reach $26 billion by 2031 due to tech advancements and passenger demand for in-flight connectivity
- Air-to-air connectivity segment has risen due to its role in improving operational efficiency and safety
- Aircraft-to-ground segment to dominate due to continuous improvements in communication tech
- North America is the leading region, while Asia-Pacific sees rapid growth from rising incomes and air travel demand
- Key players are implementing innovative solutions, like advanced flight systems and expanded satellite coverage, to meet connectivity needs