The global inflight connectivity market will grow at a CAGR of over 8% during the forecast period. The increasing demand from passengers for internet connections within flights is the major reason behind the increasing demand for inflight connectivity solutions, especially for long-haul flights. Demand for major connectivity is being driven primarily by short messaging services, email streaming as well as entertainment services and video sharing between passengers and shortbound family members via smartphones, tablets and laptops.
The report titled "Inflight Connectivity Equipment Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Inflight Connectivity Equipment industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Inflight Connectivity Equipment market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Inflight Connectivity Equipment Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Inflight Connectivity Equipment Market Segmentation:
By Type:
- WiFi Type
- Data Communication Type
By Aircraft Type:
- Narrow-body Aircraft
- Wide-body Aircraft
- Very Large Aircraft
- Business Jets
By End User:
- OEM
- Aftermarket
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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List of Key companies:
- AVIONICA
- Custom Control Concepts
- Display Interactive
- Donica Aviation Engineering
- ELTA
- Flightcell International
- Garmin International
- GEE
- HAECO Cabin Solutions
- HONEYWELL
- IDAIR
- Inflight Dublin
Key Questions Answered by Inflight Connectivity Equipment Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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In recent years, OEMs are focusing toward introducing aftermarket services such as parts, maintenance, repair, and digital services as such kind of aftermarket services enable OEMs to leverage significant revenue streams with higher profit margins than sales of new equipment.
However, OEMs at times may lose ground to independent MROs or other third-party part manufacturers attributed to less expensive services offered by such MROs and third-party part manufacturers.
Thus, to retain the market share, OEMs must identify the loopholes by having a detailed examination of aftermarket lifetime value, which, in turn, also help them boost the core business during the forecast period.Read Report Overview: https://bisresearch.com/industry-report/strategic-assessment-aerospace-aftermarket.htmlAccording to Colins Aerospace, everyday hundreds-of-thousands of transactions take place between airlines and their aftermarket service providers for aircraft services.
However, various MROs are engaged in implementing new technologies including hangars & paperless shops, virtual maintenance training, predictive maintenance, and drone-supported maintenance to operationalize aircraft monitoring, improve technician efficiency and productivity, and bring actionable solutions to the airlines faster.
In order to deal with such circumstances, the International Air Transport Association (IATA) has taken initiatives to prepare a web-based pricing model which provide aftermarket players and airlines to real-time access to transparent market values for aircraft components, considering availability and delivery times for different parts and equipment.
The market has considerably evolved in developed regions such as North America and Europe and is gaining popularity in geographies such as the Asia-Pacific and Middle East and Africa (ME).
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