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2025 In-Flight Wi-Fi Market Forecast and Future Trends led by Kymeta Corporation, Panasonic Avionics Corporation, Viasat, Sitaonair, Thales Group, Thinkom Solutions, Global Eagle Entertainment

02-07-2019 05:26 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

According to a new market research study titled ‘In-Flight Wi-Fi Market to 2025 - Global Analysis and Forecasts by Type and Component, The global In-Flight Wi-Fi market is expected to grow from US$ US$ 2.13 Bn in 2017 to US$ 7.30 Bn by 2025 at a CAGR of 16.9% between 2018 and 2025.

The business flyers in Asian provinces are the early adopters of In-Flight Wi-Fi services, accrediting majority interest on business flights and having better experience of global In-Flight Wi-Fi quality. This category of flyers is also the key influencers who would be recognizing the importance of monetization of high speed internet. Furthermore, as more number of aircraft fleets inhibit In-Flight Wi-Fi, the passenger’s expectations are will also skyrocket. This in turn would result in passenger shrinkage for the one not offering In-Flight Wi-Fi services. Nonetheless, the business flyers and young passengers would pertain to be key influencers, encouraging the deployment of In-Flight Wi-Fi services amid all the countries of APAC.

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Top ten key players of In-Flight Wi-Fi market include GoGo LLC, Honeywell International Inc., Echostar Corporation, Kymeta Corporation, Panasonic Avionics Corporation, Viasat Inc., Sitaonair, Thales Group, Thinkom Solutions Inc., and Global Eagle Entertainment Inc.

Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global In-Flight Wi-Fi Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

The epical growth in usage of electronic devices from passengers has evidently raised the demand for on board connectivity, especially for medium and long haul flights. Furthermore, as the airline companies themselves are under a pressure to derive additional revenue streams, the In-Flight connectivity (Wi-Fi) is considered to be a win-win strategy as majority passengers globally are willing to pay for the high speed internet connection while travelling by air. The global market for in – flight Wi-Fi market exhibit high growth in near future, pertaining to the driving factors such as growth in air passengers, with increased implementation of connectivity technologies with operational benefits, rising trend of In-Flight retails is also expected to significantly drive the In-Flight Wi-Fi market.

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The epical growth in usage of electronic devices from passengers has evidently raised the demand for on board connectivity, especially for medium and long haul flights. Furthermore, as the airline companies themselves are under a pressure to derive additional revenue streams, the In-Flight connectivity (Wi-Fi) is considered to be a win-win strategy as majority passengers globally are willing to pay for the high speed internet connection while travelling by air. The global market for in – flight Wi-Fi market exhibit high growth in near future, pertaining to the driving factors such as growth in air passengers, with increased implementation of connectivity technologies with operational benefits, rising trend of In-Flight retails is also expected to significantly drive the In-Flight Wi-Fi market.

The global In-Flight Wi-Fi market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The market for In-Flight Wi-Fi consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers. The growth of market for In-Flight Wi-Fi is highly influenced by the remarkable growth in air travel across the globe. The growth in air travel has increased significantly over the years due to increase in disposable income among the middle class society and upper middle class society worldwide. Geographically, North America contributed the maximum market share in 2016 in the In-Flight Wi-Fi market, owing to rapid demand for aircrafts, number of travelers and advanced technological advancements in the region. The commercial airlines in the region are procuring aircrafts in large numbers in order to meet the surging demand for air travel within and outside the region.

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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

Contact us -
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com

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