Global In-flight Wifi Market Outlook 2021

Global In-flight Wifi Market Outlook 2021

In-Flight Wi-Fi is a revolutionary service that enables people to remain connected and updated with the latest activities all across the globe even while travelling above 3,000 meters in the air.

The global in-flight Wi-Fi connectivity market is projected to register a substantial compound annual growth rate (CAGR) of 14.50% over the forecast period.

The global in-flight Wi-Fi market is likely to be fuelled by increasing number of commercial aircrafts all over the world, which are anticipated to reach to 40,020 by 2032.

In addition to that, rising penetration of smartphones and formulation of favorable guidelines by the aviation authorities (Federal Aviation Administration in yhe U.S. allowed use of portable electronic devices in the planes) for the use of in-flight Wi-Fi services inside an aircraft would further bid to boost the airborne wireless connectivity market over the next few years.

However, lack of safety and security, higher costs and lack of technology are some of the major challenges that would restrain the growth of in-flight Wi-Fi market during the forecast period.

The global in-flight Wi-Fi market is segmented on the basis of type such as hardware and services. . At 62%, the service segment is believed to have the highest market share by 2021.

On the basis of technology, the market is segmented into two main types i.e. ATG (Air-to-Ground) and satellite technology. The ATG technology covered the largest segment of the market in 2015, but owing to larger adoption of the satellite based technology by the airline companies, the satellite segment is anticipated to observe the highest compound annual growth rate (CAGR) of 22.03% during 2015-2021.

The global in-flight WiFi market is also divided on the basis of geography. It has been noticed that North America captured the highest share in worldwide in-flight Wi-Fi market in 2015 followed by Europe. Maintaining the same trend, North America is projected to dominate the global inflight WiFi market between 2015 and 2021. Asia Pacific region is anticipated to grow at a rapid pace owing to some of the major factors such as robust economic growth, rising disposable income and increasing penetration of smartphones.

The key players of the in-flight Wi-Fi market include ViaSat, Honeywell International Inc., Global Eagle Entertainment, Thales Group, SITA, Kymeta Corporation, Gogo Inc. etc.

“Growth in the air passenger traffic to propel the global in-flight Wi-Fi market”: says ERC

Driven 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.

“Increasing penetration of smartphones to thrive the global in-flight Wi-Fi market”: says ERC

The in-flight Wi-Fi market is majorly driven by the increasing penetration of smartphones in most of the regions of the world, according to our research report “Global In-Flight Wi-Fi Market Outlook 2021”.

Regionally, the global in-flight Wi-Fi market is majorly segmented into North America, Europe, Asia-Pacific, Oceanic, MENA (Middle East and North Africa) and Rest of the world. Among these, Asia-Pacific and MENA region is anticipated to witness the fastest growth in the in-flight Wi-Fi market during the covered forecast period of 2015-2021.

The global penetration of smartphones was 28.5% in the year 2014, which is anticipated to increase to around 37% in the year 2018. This burgeoned increase in the penetration of smartphones in the world would lead to rise in the number of air passengers using in-flight Wi-Fi with their smartphones. This would enhance the revenue generated from the usage of in-flight wireless connectivity by each passenger which in- turn would expand the global in-flight Wi-Fi market. In addition to this, rising tech savvy population would also bid to boost the use of smartphones and tablets and hence benefit the global in-flight Wi-Fi market.

The report titled “Global In-Flight Wi-Fi Market Outlook 2021” delivers detailed overview of the in-flight connectivity market in terms of market segmentation by regions, by types, by technology and by revenue from devices.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparison, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the in-flight Wi-Fi industry which includes profiling of ViaSat Inc., Honeywell International Inc., Global Eagle entertainment, Thales group, SITA etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on 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.