Ground to Air On-Board Connectivity Market Expected to Reach USD 24.44 Billion by 2026|Top Players such as - Gogo, Honeywell and Thales Group

According to the report published by Allied Market Research, The Ground to Air On-Board Connectivity Market Expected to Reach USD 24.44 Billion by 2026|Top Players such as - Gogo, Honeywell and Thales Group. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

Rise in IT spending in the aviation, railway, and maritime industry, increase in consumer disposable income and surge in number of airline passengers fuel the growth of the global ground to air on-board connectivity market. On the other hand, high cost associated with the deployment and several connectivity issues restrain the growth to certain extent. However, increase in government initiatives to improve customer services is expected to create a number of lucrative opportunities in the industry.

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The market is segmented into component, technology, application, end use, and region. Based on component, the ground to air on-board connectivity market is classified into hardware and services. In terms of technology, it is bifurcated into satellite and air to ground. As per application, it is bifurcated into entertainment and communication. By end use, the market is divided into maritime, railway, aviation, and on-road transit. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Based on end-use, the aviation segment garnered a major share in 2018, holding more than one-third of the total market. Simultaneously, the on-road transit segment is projected to generate the fastest CAGR of 15.6% throughout 2019-2026.

Based on the application, the entertainment segment contributed to more than three-fifths of the total market share in 2018 and is expected to dominate during the estimated period. The communication segment, on the other hand, would showcase the fastest CAGR of 13.1% by 2026.

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Based on geography, North America accounted for nearly two-fifths of the total market revenue in 2018 and is anticipated to rule the roost during the study period. At the same time, the Asia-Pacific region would cite the fastest CAGR of 14.3% throughout the forecast period.

The key market players analyzed in the market report include Gogo Inc., Honeywell International Inc., Thales Group, ALE International, Inmarsat Plc., Viasat, Inc., Panasonic Corporation, Bombardier Inc., Rockwell Collins, Global Eagle Entertainment Inc., and others.

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Key Findings of the Ground to Air On-Board Connectivity Market:

● Based on component, services segment generated the highest revenue and is expected to remain dominant during the forecast period.

● Based on ground to air on-board connectivity market analysis of application segment, the entertainment segment dominated the overall market growth in 2018 and is expected to remain dominant during the forecast period, due to increase in IT investments into aviation, maritime, and railways by government organizations and several other companies.

● Based on ground to air on-board connectivity market size for end use segment, the aviation segment generated the highest revenue in 2018.

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