In-Flight Wi-Fi Market Size to Reach US$ 2.13 billion by 2025 | CAGR of 16.9%, Growing Rapidly with Modern Trends, Forecast | Says The Insight Partners

According to the new research report published by The Insight Partners, titled "In-flight Wi-Fi Market - Global Analysis and Forecast to 2025", The global in-flight Wi-Fi market is expected to grow at a CAGR of 16.9% during the forecast period 2018 - 2025, to account to US$7.30 Bn by 2025. 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.

In-Flight Wi-Fi Market: Competitive Landscape and Key Developments
Key players in the market are taking measures to gain maximum benefit from on the opportunities in emerging markets. Some of the major players in the In - Flight Wi-Fi market includes Echostar Corporation, GOGO Inc., Honeywell international Inc., Kymeta corporation, Panasonic avionics corporation, Thales group, Thinkom Solutions, Inc., Viasat, Inc., SITA and Global Eagle Entertainment Inc. among others.

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In todays "always on" culture, particularly the business traveler's anticipation for the airline companies to embed digital technologies including In-Flight connectivity options amid aircrafts is burgeoning. The epical growth in usage of electronic devices from passengers has also evidently raised the demand for on board connectivity, especially for long haul flights. Furthermore, as the airline companies themselves are under a pressure to derive additional revenue streams expected to significantly, 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.

Smaller airlines have also started offering Wi-Fi services in order to attract more customers and compete with large global airlines. In coming years, In-Flight Wi-Fi is expected to deliver higher speed. For instance, a company such as Inmarsat in collaboration with other companies is working on a high-capacity satellite Wi-Fi network supported by ground towers.
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In-Flight Wi-Fi Market: Key Insights - Future Trend
It is expected to provide a consistent high bandwidth broadband service in the air. Gogo Inc., one of the major players in In-Flight Wi-Fi market has assured to reach the speed up to 70 Mbps using dual Ku-band antennas that connect to the satellite. Moreover, the satellite In-Flight Wi-Fi technology is expected to deliver up to 70 Mbps speed with upgraded antennas. While air to ground technology, providers is expected to meet In-Flight Wi-Fi speed up to 100 Mbit/s. With the technological improvement in the air to ground and satellite connectivity, In-Flight Wi-Fi is projected to offer better speed, improved experience, with optimal cost. The market for In-Flight Wi-Fi market is expected to flourish in coming years owing to the higher connection speed and increase in the number of routes covered.

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Based on type, the in-flight wi-fi market is segmented into hardware and service. The hardware market is further broken down as antenna, wireless LAN, access point device, and Hotspot Gateways. On the other hand, the services segment is categorized as integration & implementation service, network planning & design service, support service and other.

In-Flight Wi-Fi Market: Segmental Overview
Currently, the airlines operators are increasingly tending towards the deployment of Wi-Fi systems on their narrow body, wide body, and business jets. This is due to increasing demand for real time In-Flight entertainment, with higher bandwidth. On the other hand, the service market is also escalating at a fair rate over the years, pertaining to the demand for servicing and maintenance of the Wi-Fi systems mounted on the aircrafts, at a regular interval.

Based on aircraft type, the in-flight wi-fi market is segmented into narrow body aircraft, wide body aircraft, very large aircraft and business jet. Inflight Wi-Fi systems are installed on all three types of aircraft to enhance customer experience during their travel. Among the three types of aircrafts, narrow body aircrafts are mostly equipped with the Wi-Fi systems, since maximum airlines operating worldwide have huge numbers of narrow body aircrafts in their fleets.

For instance, the top airlines which have enabled Wi-Fi systems on 100% of their fleets include Icelandair, SouthWest Airlines and Virgin Airlines. Southwest Airlines have 716 narrow body aircrafts, while Emirates have 256 wide body aircraft which are inflight Wi-Fi enabled. These statistics showcases the demand for Wi-Fi systems among onboard passengers across.

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Based on technology, the in-flight wi-fi market is bifurcated into air to ground technology and satellite technology. The air to ground inflight Wi-Fi technology is most widely used technology among the airlines. This is due to simple infrastructure and low cost. On the other hand, satellite technology offers better and high-speed internet, however, is expensive when compared to air to ground technology. This factor is limiting the airlines to opt for satellite based inflight Wi-Fi systems

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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.

This release was published on openPR.