(MENAFN- America News Hour) In-Flight Wi-Fi refers to an innovative service that enables people to remain connected and updated with the latest activities all across the globe while travelling in an airline. Further, people can now access to internet and surf websites, view live TV, weather updates, news and much more while travelling above 30,000 feet in the air. The growing consumer inclination towards on-demand entertainment such as watching videos and internet surfing is forcing aircraft carriers to adopt inflight Wi-Fi. Moreover, the in-flight Wi-Fi market is growing at a significant pace on the account of growing number of air travellers across the globe. With growing demand for inflight connectivity, the demand for in-flight Wi-Fi is likely to uplift in the years ahead. Further, cumulative spending on inflight entertainment services is positively impacting the demand for in-flight Wi-Fi.
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Market Size and Forecast
Geographically, North America is slated to account for a
leading share of 49.5% in terms of revenue by 2025 in the in-flight Wi-Fi market.
Further, high inclination of North America airline players toward adopting
in-flight Wi-Fi services is expected to impel the growth of in-flight Wi-Fi
market in the North America region. U.S. is the prominent market in the region.
Additionally, Europe market is expected to expand at a CAGR of 17.4% during the
forecast period i.e. 2018-2025. Further, U.K. & Germany are the major
contributors to the growth of in-flight Wi-Fi market. Further, Asia Pacific is
expected to showcase significant growth over the forecast period. The demand
for bolstering economy of developing nations signals promising growth of
aircraft market in upcoming years. These factors are expected to uplift the
demand for in-flight Wi-Fi in the upcoming years.
According to a recent study, the Global in-flight
Wi-Fi market reached USD 3,997.7 Million in 2017 and is expected to reach USD
13,319.6 Million by the end of 2025, expanding at a CAGR of 16.5% over the
forecast period i.e. 2018-2025. Factors such as growing demand for
in-flight connectivity services, increasing penetration of smartphones, rising
number of airline passengers are likely to aid the growth of in-flight Wi-Fi
market. Moreover, rising demand for connectivity on long flight and
technological advancements is anticipated to positively impact the growth of
global in-flight Wi-Fi market in near future. Global in-flight Wi-Fi market is
segmented on the basis of offering into hardware and services. Hardware
occupies the largest market of in-flight Wi-Fi across the globe.
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Key Players
Thales Group, Gogo Inc., ViaSat Inc., Honeywell Aerospace,
Global Eagle Entertainment, Kymeta Corporation, EchoStar Corporation, Panasonic
Avionics Corporation, Thinkom Solutions Inc., SITA OnAir, Others
By Region
The global in-flight Wi-Fi market is further classified on
the basis of region as follows:
- North
America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y
growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin
America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth,
Future forecast & Opportunity Analysis
- Europe
(U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands,
Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of
Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific
(China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong,
Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth,
Future forecast & Opportunity Analysis
- Middle
East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman),
North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y
growth, Future forecast & Opportunity Analysis
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Growth Drivers and Challenges:
The growth of the market is driven by growing number of
smartphones over the past few years. Owing to the rise in smartphone
penetration across the globe, the number of passengers using in-flight Wi-Fi
services using their smartphones is also projected to incline in future. This
in turn is expected to intensify the growth of in-flight Wi-Fi market in coming
years. According to the International Civil Aviation Organization (ICAO), 3
billion passengers used air as a means of transportation in 2012 and it is
anticipated that the number of airline passengers is likely to swell further to
6 billion by 2030. This increase in the number of airline passengers will
surely enhance the revenue generated from the in-flight Wi-Fi services in terms
of its use by passengers to a greater extent in future.
Moreover, with the rising inclination of new generation
towards digital technology and increasing digital literacy among people, the
global tech savvy population is further expected to expand in the future. On
the back of this expansion of the tech savvy population, the number of airline
passengers using web enabled devices is also anticipated to increase in future,
which in turn will drive the growth of in-flight Wi-Fi market across the globe.
Additionally, citing the success of in-flight Wi-Fi services in the U.S. and
rising need of in-flight entertainment services, the aviation authorities of
most of the major countries of the world are also planning to implement such favorable
regulations in their airline services which is anticipated to drive the growth
of global in-flight Wi-Fi market. However, lack of safe and secure technology
combined with high installation cost might deter the growth of the global
in-flight Wi-Fi market.
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