Press release
In-Flight Wi-Fi Market Report 2027: Analysis of Rising Business Opportunities with Prominent Investment Ratio by 2027
Global In-flight Wi-Fi Market is expected to grow from US$ 2.13 Bn in 2017 to US$ 7.30 Bn by 2025 at a CAGR of 16.9% over the forecast period 2018 and 2025.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 in-flight Wi-Fi market 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 aircraft manufacturers on the other hand, are procuring the advanced technologies from the aircraft component manufacturers to deliver passengers with additional value-added services and thus, empower the passenger with a superior travel experience. This factor is helping the in-flight Wi-Fi market to surge over the period.
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Now a day, Wi-Fi services are offered everywhere, for instance, coffee shops, theatres, restaurants, bus stops, and airports etc. In-flight Wi-Fi allows air passengers to get online, do basic browsing, to get connected using cell phones via voice calls, emails, and SMS or MMS. Currently, there is an increase in the number of business and general air travelers. Thus, airline operators are more focused towards offering passengers with the benefit of using mobile phones for data connectivity, as well as for voice calls in domestic and international flights. In-flight Wi-Fi increases the productivity of business travelers by enabling them to communicate while flying. With the increase in the number of flights offering Wi-Fi connectivity, passengers are more inclined towards boarding a flight which offers Wi-Fi connectivity. Moreover, it also stated that 74% of the business travelers would pay for faster speed in-flight Wi-Fi. Thus, increase in number business and general air travelers are boosting the growth for in-flight Wi-Fi market.
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Global In-flight Wi-Fi Market - Company Profiles
• Echostar Corporation
• Global Eagle Entertainment Inc
• Gogo LLC
• Honeywell International Inc
• Panasonic Avionics Corporation
• Viasat Inc
• Sitaonair
• Thales Group
• Thinkom Solutions Inc
• Kymeta Corporation
Key findings of the study:
• North America is anticipated to account the largest in-flight Wi-Fi market share.
• Based on the type, the services segment is projected to dominate the in-flight Wi-Fi market.
• Narrow body aircraft led the in-flight Wi-Fi market by aircraft type in 2017.
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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. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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