Global Aviation Satcom Market; Growth chance for 2021

The “Global Aviation Satcom Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.

The aviation Satcom market is poised for recovered flight operations and connectivity that will improve passenger experience, enhance security, and increase the efficiency of flight services of airlines.

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10-year budget for 2020 to 2030

This research covers the global aviation sitcom market and provides a 10-year budget from 2020 to 2030. The total aviation Satcom market was worth $527.2 million in 2020 and, considering the impact of COVID-19, it is required to expand at a Compound Annual Growth Rate (CAGR) of 3.3% until 2030.

This examination covers the sitcom service used for the cockpit, cabin, and IFEC. Cockpit accounts for 80.9% of the market share.

The share of cockpit Satcom is expected to increase, as the airline will add more next-generation aircraft in the existing fleet, whereas the need for cabin and IFEC is expected to increase, as airlines want to provide extra services to customers.

This will not only increase the passenger knowledge and process efficiency but also help in making aircraft more connected during the flight to further reduce the chances of losing signals.

The search for new aviation Satcom will largely come from Asia-Pacific due to the increase in aircraft orders from China and India, whereas the demand from the replacement of older aircraft will be mainly seen in North America and Europe.

Globally, Full-Service Carriers (FSCs) are now using Satcom services to a high extent connected to Low-Cost Carriers (LCCs).

A substantial number of FSCs are in the process of expansion or have long-term plans to optimize their route networks. Leading FSCs (e.g., Emirates) are also focusing on digital transformation, which will help them to improve their process efficiency.

However, the COVID-19 pandemic has led to a liquidity crisis for airlines that has, in turn, halted expansion plans and forced airlines to realign their digitalization journey.

Similar to hybrid airlines, LCCs are expected to focus more on customer experience by providing IFEC services during the forecast period. This opens the gate for them to earn from online advertisement and eCommerce activity.

These solutions will not only help enhance the passenger experience also ensure the maintenance of high standards of connectivity but will provide new sources of revenue generation.

Leading vendors in aviation Satcom are pivoting their focus on providing more bandwidth to airlines through Medium Earth Orbit (MEO) and Low Earth Orbit (LEO) satellites.

Business leaders are also collaborating with satellite service providers, which will aid them in providing end-to-end services.

Additionally, new entrants are bringing innovations and utilizing new technologies to enable more reliable efficiency by reducing latency and aiming to present services at a lesser price.

In the upcoming years, among airlines, the focus will be predominantly on process automation and connectivity. More passengers will use Satcom services, which will display an integral part of airlines’ service offerings.

Key Issues Addressed

What is the size and state of the market? What is the impact of COVID-19 on the aviation satcom market?
What are the market drivers and restraints?
How will the latest trends influence the aviation satcom market?
Which are the key vendors in the market, and how well are they positioned with respect to their peers?
What are the major growth opportunities for satcom service providers and satellite operators?