High Throughput Satellites- A New Headway For The Global In-Flight Connectivity Market
Global In-Flight Connectivity Market is worth USD 2.42 billion in 2016 and is expected to reach USD 5.75 billion by 2023, at a CAGR of 13.3% from 2017 to 2023 as per the report “Global In-Flight Connectivity Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast” available with DecisionDatabases.com.
The launch of High Throughput Satellites (HTS) in both Ku-band and Ka-band is anticipated to be a turning point for the in-flight connectivity market as total Ka-band HTS supply will increase by three times by 2018 while Ku-band HTS supply will increase by five times in 2018.In addition, High Throughput Satellites (HTS) enables high connectivity through Ka-band for geo-positioning services and streaming media content and will rapidly increase the data speeds of the plane and lower down the costs which is driving the adoption of In-Flight Connectivity (IFC) services. The increasing number of passengers around the world and emergence of favourable policies to use personal electronic devices onboard is the key factor that is driving the growth of the global in-flight connectivity market over the four years. Also, advanced in-flight connectivity technologies and the frequently rising demand for the onboard services further drives the growth of global in-flight connectivity market. Moreover, the significant growth prospects of the in-flight connectivity market can be attributed to the increasing influence of wireless solutions’ adaptability in single- and twin-aisle aircraft.
The in-flight connectivity market report segments the global market by hardware, types, services, technologies and geographical regions. Based on types, the market is segmented into hardware and services. The hardware segment is sub-segmented into antenna, wireless access point, wireless LAN controller, and other connectivity hardware types. On the basis of service, the market is further segmented into connectivity services and entertainment services. By technologies, the in-flight connectivity market report segments this market into Air-to-ground Technology, Satellite Technology, ku-band technology, ka-band technology and Swift Broadband technology.
The report segregates the geographical region into North America, Europe, Middle East & Africa, Europe and Latin America. Among all of the above, the largest in-flight connectivity market share is hold by North America due to the high growth in the data usage in the air and on the ground and the second largest market share is anticipated to be captured by Europe. The strongest growth is expected to be shown by the Asia-Pacific geographical region due to the increasing consumer population and also seat-centric and wireless solutions being embraced by the growing number of airlines during the predicted period. In addition, it is estimated that over 3 billion people in the Asia Pacific region would attain a higher living standard by 2020, thereby pursuing more air traveling, which, in turn, will thrust the economies of the In-Flight Connectivity (IFC) industry.
Some of the key players in the in-flight connectivity market include Gogo Inc., ViaSat, Inc., Global Eagle Entertainment, Inc., Thales Group, Honeywell International, Inc., SITA, Panasonic Corporation, Thinkom Solutions, Inc., Kymeta Corporation and EchoStar Corporation.
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