The global inflight wifi market will grow at a CAGR of 18.65% during the forecast period 2018-2024, R&M reports.
The aim of this report is to define, analyze, and forecast the inflight connectivity market on the basis of segments, which include types, offerings, and regions. In addition, it helps venture capitalists understand the companies better and make well-informed decisions. It is primarily designed to provide the company’s executives with strategically substantial competitor information, data analysis, and insights about the market, development, and implementation of an effective marketing plan.
Huge demand from passengers for Internet connection inside flights is among the major reasons behind the growing demand for inflight wifi solutions, especially for long-distance flights. The demand for inflight connectivity is being driven predominantly by short message services (SMS), email streaming, entertainment services, & video sharing among passengers and earthbound family members through smartphones, tablets, and laptops. There is a similar kind of increase in demand for inflight connectivity solutions from jets and private aircraft as well. The airlines are also focusing on ancillary revenue through inflight connectivity via media & content distribution, ads, and other related services.
The inflight wifi market comprises several vendors within the aerospace industry, including Thales, Panasonic Avionics, and Honeywell, and core vendors focusing heavily on providing inflight connectivity solutions such as Gogo, AirFi.Aero, Global Eagle, and Bluebox Aviation. The global vendors are expected to grow further during the forecast period by entering into alliances and strategic partnerships with other players in the market.