Global Technological Advancements is driving the Market Growth for In-Flight Wi-Fi
Global in-flight Wi-Fi market. The APAC region to see highest growth by the end of 2021.
The global market for in-flight Wi-Fi is seeing substantial growth owing to escalating inclination of customers towards application that have higher bandwidth viz. watching HD videos, surfing of web pages that are full of media, excess streaming of on-demand video and all these streaming while the flight travel in certain developed regions. Additionally, growing consumer awareness about services related with in-flight Wi-Fi across the globe and especially in developing areas and also due to favorable regulations done by authorities of aviation for using various personal electronic devices while travelling by flight are also boosting the growth of global market for in-flight Wi-Fi. However, high initial implementation hardware cost of in-flight Wi-Fi with the growing cabin weight along with hardware installation are in turn inclining towards the higher airline operational prices. And this is hindering the market growth of the in-flight Wi-Fi globally upon certain extent.
According to Persistence Market Research report, titled “Global Market Study on In-Flight Wi-Fi: Asia-Pacific to Witness Highest Adoption By 2021 - Driven by Increasing Demand for In-Flight Connectivity and Entertainment Services by Passengers”, the global in-flight Wi-Fi market is estimated to exhibit at a healthy CAGR of 14.9% in the forecast period from 2015 to 2021.
The global in-flight Wi-Fi market is categorized into type, technology and regions. Based on type, the global in-flight Wi-Fi market is fragmented into service and hardware. Among these, the segment of hardware is further segmented into Wireless Access Point, Wireless Hotspot Gateway, Antenna, Wireless LAN Controller and others. And this segment in 2014, dominated the market with revenue share of over 60%. Also, the segment of service is sub-segmented as Network Planning & Designing, Video Streaming, Implementation & Integration, Support and others.
Based on technology, the global in-flight Wi-Fi market is categorized into technology of Satellite and Air-to-ground. Among these, the satellite is sub-segmented into swift broadband, ku-band, and ka-band technologies. Additionally, these segment is projected to remain dominant by the end of 2021, owing to increasing satellite technologies adoption across the globe. And among these, ku-band was the leading the market in 2014. Moreover, the technology segment of air-to-ground was leading the market in 2014 and is anticipated to lose the market dominance by 2021 end.
Regionally, the segmentation is done into North America, Europe, APAC, Latin America and Middle East & Africa (MEA). In 2014, the North America region was leading the global market for in-flight Wi-Fi and the revenue growth is anticipated to decrease significantly by 2021 end. Meanwhile, the market of APAC region is estimated to register healthy CAGR of 25% in the seven years.
Some of the major players in the global market for in-flight Wi-Fi include SITA, Global Eagle Entertainment, Thales Group, Honeywell International, Thikom Solutions, EchoStar Corporation, Gogo, Panasonic Corporation, Kymeta Corporation, and ViaSat, among others.
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Over the forecast period, owing to advancement in technology and favorable regulations globally is driving the global in-flight Wi-Fi market.
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Nov 25, 2016