Press release
On-board Connectivity Market Introducing New Industry Dynamics Through Swot Analysis [2023 - 2033]
An increase in the number of air passengers globally is acting as a major catalyst for growing investment in this market. In addition, the bolstering use of portable electronic devices as well as rise in the growth of disposable income are expected to accelerate the growth of on-board connectivity market during the forecast period. The surge in the use of portable electronic devices and growing inclination of people to travel in airlines is creating huge opportunities for this market. Various regulatory frameworks & certification are taking place in the market.
Furthermore, a key trend boosting market growth is the growing ancillary revenues. In an on-board connectivity market, connectivity providers are aiming at offering global Ka band coverage. Prices are expected to be lower due to lower connectivity costs. Moreover, companies tend to generate more revenues from advertisement and sponsorship. Moreover, an increase in penetration of smartphones is the major reason for people to become more technologically active and thus, willingly spend more on related services. In addition, rise in disposable income of the people is also the major factor that triggers such technological advancements.
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Key Takeaways from the Market Study
• By transportation, on-board connectivity for aviation is expected to grow at a CAGR of 12% until 2032
• Entertainment to be the dominant application area, reflecting a CAGR of 10.5% during the forecast period
• U.S is expected to be worth US$ 16.7 Billion by 2032, growing at a 9.8% CAGR by 2032
• China to be an opportunistic market, flourishing at a 12.1% CAGR until 2032, accumulating US$ 4.7 Billion
• U.K to generate a dollar opportunity worth US$ 2.6 Billion from 2022 to 2032
"As reliance on air travel increases, demand for on-board connectivity solutions for the purposes of entertainment, navigation, passenger safety and other applications are increasing tremendously, with recent technological advancements playing a critical role in enhancing effectiveness of these solutions," remarks a PMR analyst.
Competitive Landscape
Major players such as
• AT&T Inc.
• Bombardier Aerospace
• Honeywell International Inc.
• Huawei Technologies Co., Ltd
• Panasonic Corporation
• Nomad Digital
• Qualcomm Inc.
• Rockwell Collins
• ZTE Corporation
among others are expected to dominate the market share in terms of revenue.
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• In April 2022, Huawei launched its commercial 5G indoor positioning solution. This is the first ever a toB-focused 5G positioning solution, offering an accurate positioning to 1-3 m@90%, making beacon-free positioning easier even in complex indoor use cases, while supporting open standard interfacing to industry applications.
• In April 2022, ZTE Corporation announced its collaboration with PT Link Net Tbk, one of the leading cable TV and fixed broadband internet providers in Indonesia with the brand "First Media", to deliver excellent digital experiences with ZXONE 9700 DWDM in boosting Link Net's network services in Jayabaya Project.
• In April 2022, Nokia announced today that the Swiss energy services company, Energie Wasser Luzern (ewl), has deployed its next-generation PON fiber solution. Nokia is replacing the legacy network with the latest fiber access technology, providing a single network for business and residential customers, as well as for smart metering services. ewl selected this solution in collaboration with its subsidiary arcade solutions ag to meet the growing demand for more capacity, faster speeds, and world-class broadband services for its fiber-to-the-home (FTTH) network in Lucerne, Switzerland.
Find More Valuable Insights on On-Board Connectivity Market
Persistence Market Research (PMR) published a detailed study on the On-Board Connectivity Market, which includes global industry analysis for 2015-2021 and forecasts for 2022-2032. The report provides an insightful analysis of the market concentration across five different regions, through two different segments - transportation and application. The report titled - 'On-Board Connectivity' deliberates current installed base, product usage in various applications from domestic to industrial, as well as prevailing trends and technologies. Along with this, detailed value chain analysis pertaining procurement and aftermarket services has been presented in the report.
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Key Segments Covered in the On-board Connectivity Market Study
On-board Connectivity by Transportation
• Aviation On-board Connectivity
• Maritime On-board Connectivity
• Railways On-board Connectivity
On-board Connectivity by Application
• On-board Connectivity for Entertainment
• On-board Connectivity for Monitoring
• On-board Connectivity for Communication
On-board Connectivity by Region
• North America On-board Connectivity Market
• Europe On-board Connectivity Market
• Asia Pacific On-board Connectivity Market
• Middle East and Africa On-board Connectivity Market
• South America On-board Connectivity Market
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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