USD 36.84 Billion On-Board Connectivity Market to Reach by 2025 at 14.3% CAGR

According to the report published by Allied Market Research, The USD 36.84 Billion On-Board Connectivity Market to Reach by 2025 at 14.3% CAGR. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

The 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 costs related to the deployment of on-board connectivity systems and connectivity issues restrain market growth. Contrarily, surge in government initiatives for improving customer experience would offer major opportunities in the market.

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The global on-board connectivity market size was valued at USD 12,811.0 million in 2017 and is projected to reach USD 36,842.3 million by 2025, growing at a CAGR of 14.3% from 2018 to 2025.

The global on-board connectivity market is segmented into component, technology, application, end use, and region. Based on component, the market is classified into hardware and services. In terms of technology, the market is bifurcated into satellite and Ground to Air. As per application, the market is categorized into entertainment, and communication. Based on end use, the market is divided into maritime, railway, aviation, and on-road transit. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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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 the requirement to offer constant high-speed broadband connectivity from steerable spot beams and ability to offer flexible bandwidth.

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 a 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 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 the 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.

The global on-board connectivity market is dominated by the key players such as ALE International, Bombardier Inc., Global Eagle Entertainment Inc., Gogo Inc., Honeywell International Inc., Inmarsat Plc., Panasonic Corporation, Rockwell Collins, Thales Group, Viasat, Inc. and others.

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Top impacting factors:

● Increase in IT expenditure in the aviation, railway and maritime industry

● Rise in disposable income of consumers

● Growth in number of airline passengers

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