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On-Board Connectivity Market Global Opportunity Analysis and Industry Forecast, 2018 – 2025: ALE International, Bombardier Inc., Global Eagle Entertainment Inc., Gogo Inc., Honeywell, International Inc., Inmarsat Plc., Panasonic Corporation.

04-10-2019 05:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

On-Board Connectivity

On-Board Connectivity

Surge in IT expenditure in the maritime, aviation, and railway industries, significant increase in disposable income of consumers, and rise in number of airline passengers in past few years facilitate the growth in the global on-board connectivity market.

The global on-board connectivity market generated $12.81 billion in 2017 and is expected to reach $36.84 billion by 2025, registering a CAGR of 14.3% from 2018 to 2025.

Surge in IT expenditure in the maritime, aviation, and railway industries, significant increase in disposable income of consumers, and rise in number of airline passengers in past few years facilitate the growth in the global on-board connectivity market. However, high initial cost related to the deployment of on-board connectivity systems and connectivity issues restrain the market growth. Contrarily, surge in government initiatives for improving customer experience would offer major opportunities in the market.

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Ground to Air Technology to maintain its dominance in terms of revenue throughout the forecast period

Based on technology, the ground to air segment accounted for more than two-thirds of the total share in 2017 and will maintain its dominance in terms of revenue throughout the forecast period. This is due to its less expensive nature as compared to satellite technology. However, the satellite segment would grow at the highest CAGR of 15.3% from 2018 to 2025, owing to requirement to offer constant high-speed broadband connectivity from steerable spot beams and ability to offer flexible bandwidth.

Entertainment segment to continue its dominance by 2025

Based on application, the entertainment segment accounted for nearly two-thirds of the total market share in 2017 and is expected to continue its dominance by 2025. This is due to significant rise in demand for entertainment and social media connectivity in maritime, aviation, railway, and road transit vehicles. However, the communication segment would register the highest CAGR of 14.0% from 2018 to 2025, owing to ability to make phone calls through the satellite-based networks in the airplanes and ships.

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North America to maintain its dominant position during the forecast period

North America held the major share, accounting for more than one-third of the total market share in 2017 and will maintain its dominant position during the forecast period. This is due to technological advancements and expansion of leading market players in the region. Asia-Pacific is expected to grow at the largest CAGR of 16.8% from 2018 to 2025, owing to the high penetration of mobile devices, advent of cellular technologies, and favorable government regulations related to on-board connectivity in emerging countries such as China and India.

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Leading market players

Leading market players analyzed in the study are ALE International, Global Eagle Entertainment Inc., Bombardier Inc., Honeywell International Inc., Gogo Inc., Panasonic Corporation, Inmarsat Plc., Thales Group, Rockwell Collins, Viasat, Inc. and others.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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