In-Flight Connectivity Market is expected to reach USD 4.62 billion by 2021CAGR of 13.5% - Scalar Market Research
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In-Flight Connectivity Market is worth USD 2.45 billion in 2016 and is expected to reach USD 4.62 billion by 2021, at a CAGR of 13.5% from 2016 to 2021.
Our industry experts that within the in-flight connectivity market, the hardware to dominate the in-flight connectivity types segment growing at a CAGR ranging from 50% to 100% during the forecast period. In addition connectivity service segment expected to hold the largest share growing at a CAGR ranging from 15% 20% during the forecast period. The satellite technology expected dominate the technology segment of the market growing at CAGR of more than 20 during the forecast period. The Asia-Pacific region is expected to become the fastest growing region in in-flight connectivity market growing at a CAGR of more than 20% by 2021.
KEY PREMIUM INDUSTRY INSIGHTS:
The rising number passengers and introduction of favorable policies touse personal electronic devices onboard is the major drivers that is expected to boost the growth of the global in-flight connectivity market over the forecast period.
Ongoing advancements in the networking technology and the rapidly increasing demand for the onboard services responsible in the market growth.
The deployment is major challenges anticipated to implode the adaptation of the in-flight connectivity hardware solution and services especially in developed region. Data privacy and security threats is hampering growth of the inflight connectivity market
The research methodology for Scalar Market Research inflight connectivity market report utilizes of combination of top down and bottom up research formats. Our primary focus on continuous market tracking rigorous fact-checking data triangulation and multiple layers yo quality control ensure high quality data that can be used for research insights.
Browse Report: https://www.scalarmarketresearch.com/market-reports/in-flight-connectivity-market
TRENDING RELATED REPORT
Wearable technology market worth USD 29.92 billion in 2016 and expected to reach USD 71.23 billion by 2021, growing at a CAGR of 18.9% from 2016 to 2021
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