Growth in the air passenger traffic to propel the global in-flight Wi-Fi market: says Research NesterDriven by a rapid growth in the air passenger traffic all around the world, the global in-flight Wi-Fi market is anticipated to beef up at a healthy compound annual growth rate (CAGR) of 14.50%, according to our research report “Global In-Flight Wi-Fi Market Outlook 2021.”
According to the International Civil Aviation Organization (ICAO), approximately 3 billion passengers used air as a means of transportation in the year 2012 and it is anticipated that the number of air passengers would expand and reach to 6 billion by 2030. This rise in the total number of air passengers would definitely help to expand the in-flight Wi-Fi market across the globe.
Apart from increasing air passengers, release of certain favorable regulations by some major aviation authorities in the world would also boost the global in-flight Wi-Fi market during the covered forecast period. These regulations not only support the installation of in-flight Wi-Fi hardware but also allow the use of portable electronic devices like smartphones, tablets, laptops etc. during a flight.
The market of in-flight Wi-Fi is mainly segmented on the basis of regions, types, technology and revenue from devices. The technology segment is further subdivided into ATG (Air-to-Ground) and satellite technology, out which the satellite technology that offers higher speed and uninterrupted service in comparison to ATG technology is anticipated to cover the largest market by 2021.
For in-depth analyses, the report titled “Global In-Flight Wi-Fi Market Outlook 2021” encompasses the growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, Year-on-Year (Y-O-Y) growth comparison and Porter’s five force model.
With the purpose of examining the current competitive landscape of the in-flight Wi-Fi market, this report covers profiling of some of the top players which include but not limited to ThinKom Solutions Inc., Kymeta Corporation, EchoStar Corporation, Gogo Inc. and Panasonic Avionics Corporation. The profiling enfolds key information of the companies which includes company overview, products and services, key financials and recent news and developments. On the whole, the report encompasses detailed overview of the global in-flight Wi-Fi market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.