Pune, India, July 21, 2022 (GLOBE NEWSWIRE) — The global connected aircraft market size was USD 2.89 billion in 2021. The market is expected to grow from USD 3.45 billion in 2022 to USD 16.58 billion by 2029, exhibiting a CAGR of 25.14% during the forecast period. This information is provided by Fortune Business Insights™, in its report, titled, “Connected Aircraft Market, 2022-2029.”
Russia-Ukraine War Impact
Influence of Russia-Ukraine War Crisis on Aviation Sector
- Amid the one month of combat procedures, it is expected that Russia is likely to have lost nearly 25% of its initial attacking force. The war has observed huge number of Russian military fatalities.
- Ukraine outlook: As per the Ukrainian Ministry of Defense, Russia has lost 95 helicopters, 81 aircraft, and 09 Unmanned Aerial Vehicles (UAVs). On 12th March 2022, Russia sent an ultimatum to the U.S. and European-grounded weapon supplies. Nevertheless, in spite of the action, European based weapon suppliers are victorious in providing weaponries through Poland to Ukraine. This has simplified the supplies of military equipment and weapons to Ukraine.
- Russia outlook: As per the survey, Russia solicited military equipment and assistance from China, after its invasion of Ukraine. This designates that Russia has not completely mobilized its military operations to sustain a drawn-out campaign.
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