Our industry experts that within the in-flight connectivity market, the hardware to dominate the in-flight connectivity types segment growing at a CAGR ranging from 50% to 100% during the forecast period. In addition connectivity service segment expected to hold the largest share growing at a CAGR ranging from 15% 20% during the forecast period. The satellite technology expected dominate the technology segment of the market growing at CAGR of more than 20 during the forecast period. The Asia-Pacific region is expected to become the fastest growing region in in-flight connectivity market growing at a CAGR of more than 20% by 2021.
Chicago, IL -- (SBWIRE) -- 03/01/2017 -- According to the new market research report, "In-flight Connectivity Market, by Type (Hardware, Service), Hardware (Antenna, Wireless LAN Controller, Wireless Access Point, Wireless Hotspot Gateway, and Other Connectivity Hardware), Service (Content Service and Connectivity Service), Technology (Air-to-ground Technology and Satellite Technology - Global Revenue, Trends, Growth, Share, Size & Forecast to 2021", published by Scalar Market Research, the global in-flight connectivity market is expected to grow at a CAGR of 13.5% and reach USD 4.62 billion by year 2021. The market is estimated to be worth USD 2.45 billion in the year 2016.
The global in-flight connectivity market report offers in-depth analysis of the market size (revenue), market share, major market segments, global geographies, forecast, key players, and premium trends. It also focuses on the key drivers and opportunities in this market. Know more about this granular and niche report:
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There's a huge untapped market opportunity in regions such as Asia-Pacific and Latin America. The adoption of technologies that offer superior bandwidth capacity, such as Ku-band, will be high in emerging regions like Asia-Pacific and Latin America. North America is expected to hold the largest market share.
Key findings of the report:
1. The strong rise in the number of air passengers around the world and advancing in-flight connectivity technologies are expected to play a key role in the strong growth rate for the industry segments.
2. Changing personal electronic device usage policies on aircraft are also expected to increase the demand and applications for the connectivity service segment in the in-flight connectivity market.
3. The rapid rise in the demand for onboard entertainment devices and innovations in the networking technologies are considered to be some of the major driving factors for the in-flight connectivity market.
The in-flight connectivity market report segments the global market by types, hardware, services, technologies, and the major geographic regions. By types, the market is segmented into services and hardware. The hardware segment is sub-segmented into antenna, wireless access point, wireless LAN controller, and other connectivity hardware types. By service, the market is further segmented into connectivity services and entertainment services. By technologies, the in-flight connectivity market report segments this market into ku-brand technology, ka-brand technology, and SwiftBroadband technology. The report segregates the geographic regions into North America, Europe, Middle East & Africa, Europe, and Latin America.
According to the report, North America will hold the largest in-flight connectivity market share. Europe is expected to be the second largest regional market based on the market share. The Asia-Pacific region is expected to witness the strongest growth during the forecast period. Exponential growth in the usage of data, efforts by airlines towards enhancing the in-flight passenger experience, advancements in the seat-centric and wireless devices, etc. are considered to be the factors contributing to the rising rate of adoption in the in-flight connectivity market. As suggested in the report, the key players in this market are expected to concentrate on providing advanced and efficient services to their clients, which is further boosting the growth of the in-flight connectivity market.
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The key players highlighted in the in-flight connectivity market report include:
1. EchoStar Corporation
2. Global Eagle Entertainment
3. Gogo, Inc.
4. Honeywell International, Inc.
5. Kymeta Corporation
7. Panasonic Corporation
8. Thales Group
9. Thinkom Solutions, Inc.
10. ViaSat, Inc.
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