The global in-flight Wi-Fi market was valued at US$ 2,114.3 million in 2014 and is expected to witness a healthy CAGR of 14.9% from 2015 to 2021.
New York, NY -- (SBWIRE) -- 01/06/2016 -- In-flight Wi-Fi has been quickly gaining appeal. Developed nations are rapidly converting their flight systems to adapt to wireless communications through the use of an onboard internet service. Passengers can then link their laptops, tablets, and phones to the in-flight WiFi and thus access online services.
The global in-flight Wi-Fi market is progressing at a CAGR of 14.90% from 2015 to 2021; the market was valued at US$2.1 bn in 2014. There are multiple reasons for the market's high rate of growth. The market can be segmented using the criteria of the technology used, type of technology, and region.
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Global In-flight Wi-Fi Market Driven by Increasing Use of Advanced Tech
Although more consistent with the provisions of developed economies, the in-flight Wi-Fi market is a growing market from a global standpoint. Consumers everywhere are moving towards a greater use of high-bandwidth applications such as streaming high-definition videos and other data-intensive tasks. This growing demand, coupled with the high rate of technological awareness among frequent air travelers, has opened up new avenues for the global in-flight Wi-Fi market. The market is made even more accessible to networking companies by the relaxed government regulations over the use of personal electronic devices on a plane along with the use of any networks on a flight.
The global in-flight Wi-Fi market, however, is impeded by two prime restraints. The foremost restraining factor acting on the global in-flight Wi-Fi market is the high installation cost involved. Another is the inclusion of the heavy weight of the in-flight Wi-Fi network generation devices. As technology advances, the installation cost as well as the weight of devices will dramatically reduce, creating a greater appeal for the market.
Hardware Segment Dominates Global In-flight Wi-Fi Market
In terms of type, the global in-flight Wi-Fi market is divided into hardware and services. Of these, the market was dominated by the hardware segment in 2014, when it occupied nearly 60.0% of it from the point of view of revenue generated. According to technology, the market is divided into satellite and air-to-ground technology. Of these, the global in-flight Wi-Fi market was led by air-to-ground technology in 2014. Satellite technology is expected to surpass it in the near future, as a rapidly increasing adoption of satellite technologies will enable this segment to contribute in this market. This can be expected to be carried out through the Ku-band and Ka-band in airlines.
North America the Biggest Regional Market for In-flight Wi-Fi
The global in-flight Wi-Fi market was dominated by North America in 2014, owing to the presence of advanced technology and a developed infrastructure. This region, however, is expected to diminish in terms of market share and revenue, due to a rapidly expanding Asia Pacific in-flight Wi-Fi market, which is expected to exhibit the fastest CAGR of 25% between 2015 and 2021.
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This will open up a larger scope of demand for international players in the global in-flight Wi-Fi market. The top of the lot in this market includes Thinkom Solutions Inc., Kymeta Corporation, Honeywell International Inc., Sita, Panasonic Corporation, Thales Group, ViaSat Inc., Global Eagle Entertainment Inc., and Gogo Inc. These players are expected to make an entrance in the emerging regions of the market in order to capitalize on the boom in demand.
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