Bolstering the use of portable electronic devices and the rise in the growth of disposable income have fuelled the growth of the onboard connectivity market.
The rising number of air passengers globally is acting as a major catalyst for growing investment, and bolstering the use of portable electronic devices are some of the major drivers of the onboard connectivity market.
The global on-board connectivity market generated $12.8 billion in 2017 and is anticipated to reach $36.8 billion in 2025, growing at a CAGR of 14.3% during the forecast period, 2018-2025.
An increase in the number of air passengers worldwide and rise in the growth of disposable income have fueled the growth of the global on-board connectivity market. On the other hand, high costs associated with the deployment of onboard connectivity on airplanes and numerous governing frameworks & certification issues in several countries have checked the growth to some extent. Nevertheless, the surge in the use of portable electronic devices and the growing inclination of people to travel in airlines have created multiple opportunities in the segment.
Based on geography, North America accounted for the highest revenue in 2017 and is expected to maintain its dominance by 2025. The presence of major market players in the region has escalated the growth. Moreover, the availability of strong on the ground as well as satellite connectivity has also driven the market growth in the province. On the other hand, Asia-Pacific is expected to grow at the highest CAGR during the study period.
Download Sample Report (Get Full Insights in PDF – 264 Pages) at:
Based on end-use, the aviation segment contributed to the highest revenue share in 2017. Simultaneously, budding preference for in-car infotainment services has made the cars segments to remain lucrative and grow at the fastest CAGR over the forecast period.
By technology, the ground to air segment accounted for the highest revenue in 2017 and is expected to be dominant till 2025. The growing demand for well-established ground cellular networks by connectivity service providers has driven the growth.
Profiling Key Players: Bombardier Inc., Rockwell Collins, Global Eagle Entertainment Inc., Gogo Inc., Honeywell International Inc., ALE International, Inmarsat Plc., Panasonic Corporation, Thales Group, Viasat, Inc., and others.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5188
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.