Global On-board Connectivity Market was valued US$ XX Bn in 2019 and is expected to reach US$ 42.6 Bn by 2027, at CAGR of XX % during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Growing usage of portable electronic devices, liberalization in the field of transportation, and increasing disposable income are factors expected to drive the growth of the global on-board connectivity market. Increasing demand for deployment of on-board Wi-Fi equipment due to the proliferation of electronic device in the field of aviation, marine, and train transportation is another factor expected to drive the growth of the target market. People across the globe are relying on airways and railways as one of the safest modes of transportation. The growing number of air passengers across the world is acting as a major driver for rising investment in on-board connectivity.
Furthermore, the global on-board connectivity market is expected to grow significantly during the forecast period, attributed to rising IT spending in the aviation industry. Companies are investing enormous amounts to install connectivity solutions. For instance, Inmarsat has invested billions in wholly-owned and operated global satellite networks and has a strategy for further investment. The investment in networking equipment is growing due to the increasing demand for high speed and network connectivity by passengers. Also, government initiatives to enhance customer services are providing huge opportunities to vendors as most airlines, railways, and marines are emphasizing on the installation of connectivity services.
At the same time, high cost associated with the deployment of equipment enabling on-board connectivity isexpected to be limiting the large-scale adoption of on-board connectivity. As, installing tools on every flight can be expensive for airlines.
In terms of application, the entertainment segment accounted for nearly two-thirds of the total market share in 2017 and is expected to continue its dominance by 2026. This is attributed to a significant rise in demand for entertainment and social media connectivity in aviation, maritime, railway, and road transit vehicles. Furthermore, the communication segment would register the highest CAGR of 14.0% from 2017 to 2026, due to the ability to make phone calls through the satellite-based networks in the aeroplanes and ships.
From a geographical point of view, North America is expected to hold a major share in the on-board connectivity market during the forecast period. Growth in this region is due to strong adoption and penetration of on-board connectivity platform, services, as well as technological advancements across the region. Additionally, presence of major key players in countries of North America as well as increasing IT and huge investment by leading vendors to enhance travelling experience are some factors expected to drive the growth of the North America market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global On-board Connectivity Market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global On-board Connectivity Market.
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Scope of Global On-board Connectivity Market:
Global On-board Connectivity Market, By Component:
• Ethernet Switches
• Wireless Access Point
• Managed Service
• Consulting Service
• Integration and Implementation Service
Global On-board Connectivity Market,By Technology:
• Ka-band Technology
• Ku-band Technology
• Swift Broadband Technology
• Ground to air
Global On-board Connectivity Market, By Application:
Global On-board Connectivity Market, By End Use:
• On-road Transit
Global On-board Connectivity Market, By Region:
• North America
• South America
• Middle East & Africa
Key Players Operated in Market Include:
• Cubic Corporation
• Hitachi, Ltd.
• Mitsubishi Electric Corporation
• Siemens AG
• Singapore Technologies Electronics Limited
• Teleste Corporation
• Toshiba Corporations
• Honeywell International
• Collins Aerospace
• Bombardier Aerospace
• Huawei Technologies
• Nomad Digital
• ALE International
• Global Eagle Entertainment Inc.
• Gogo Inc.
• International Inc.
• Inmarsat Plc.
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