MARKETWIRE.NET

Decode Your Next Market Move

Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global In-Flight Wi-Fi market. Market segmentation includes Component (Hardware, Services); Technology (Air-to-Ground, Satellite).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

5 November 6:30 p.m., California- According to the new market research report, the global market for In-Flight Wi-Fi is projected to grow at a CAGR of 10.6% reach US$6.7 Billion by 2027, driven by growing need for Internet connectivity among the increasingly digital passengers traveling over different airlines. The global In-Flight Wi-Fi market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Hardware, one of the segments analyzed and sized in this study, is forecast to grow at over 9.9% and reach a market size of US$4 billion by the end of the analysis period. The United States is forecast to readjust to a 10.6% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$317 million growing at a CAGR of 9.7% over the next couple of years. In addition, over US$219 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Hardware segment will reach a market size of US$174.6 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Hardware segment in this country against this backdrop will grow at a CAGR of 11.5% over the next couple of years to create an addressable market opportunity worth US$242.9 million by the year 2027.

In-flight Wi-Fi consists of communication and connectivity provided by airlines based on Wi-Fi technology on board the aircraft. Driven by the emergence of the digital passenger with mobile device connectivity demanding high quality, secure, high speed, and economical connectivity as well as advancements in broadband IP technologies, the global market for in-flight Wi-Fi connectivity is poised to witness growth in the long run. Aviation industry dynamics and air passenger traffic are critical determinants of growth in the in-flight Wi-Fi market. The rise in air passenger traffic leads to increase in use of bandwidth intensive applications and media rich content on smartphones, tablets, and other mobile devices. Important growth drivers include growing popularity of social networking when on-the-move; rapid proliferation of smartphones and other smart devices and growing use case of these devices in numerous infotainment functions leading to high demand for mobile data services onboard; and evolution of connected aircrafts. Other factors to impact market prospects in the near term include the growing penchant for travel among Millennials and their high dependence on mobile capabilities and digital technologies; declining cost of hardware; advancements in IFEC (Inflight Entertainment and Connectivity) technologies, and growing adoption of satellite-based solutions due to lack of ATG (air-to-ground) networks, lower reliability and lesser speed of ATG technology. There is however disparity in IFC solutions offered, in terms of speeds, coverage and capacity of each vendor or provider. The key challenge in delivering IFC is the lack of adequate global signal coverage and consequent lack of provision of enough services to meet consumer demand.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 1853. Among this pool, 334 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 74 unique participations, a total of 33 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Aeroflot
PJSC Aeroflot Russian Airlines
AirAsia Berhad
American Airlines, Inc.
British Airways
British Airways PLC
Cathay Pacific Airways Limited
AeroMobile Communications Ltd.
Astronics Corporation
Avionica, Inc.

Segments Covered in the Report -
Component (Hardware, Services)
Technology (Air-to-Ground, Satellite)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
Rest of World.

View Executive Engagement Dashboards, COVID Impact Questionnaires & Get Complimentary Access to Methodology & Full-Text Secondary Sources

For enquiries e-mail us at sales@strategyR.com .

For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com