In-flight Wi-Fi allows passengers to access internet in the aircrafts. It provides various advantages like entertainment, productivity and communication. The need for reliable internet connectivity during air travel has been increasing rapidly.
The global In-Flight Wi-Fi Market is estimated to be valued at US$ 8.4 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The growing adoption of next-generation satellite technologies like Ka-band and Ku-band has been driving the growth of the In-Flight Wi-Fi market. These new satellites have much higher speeds and bandwidth capability compared to traditional systems. They are enabling airlines to offer premium Wi-Fi services to passengers similar to ground internet speeds. This is helping improve the passenger experience and attract more customers. Airlines are increasingly equipping their planes with these new satellite systems which has boosted the demand for In-Flight Wi-Fi solutions significantly over the recent past.
Segment Analysis
The global in-flight wi-fi market is dominated by hardware segment. This is because airlines are significantly investing in upgrading their fleets with advanced network equipment including antennas, wireless access points and modem to provide improved internet connectivity to passengers. The hardware segment accounts for over 60% of total market share owing to expensive nature of hardware equipment compared to services. Looking ahead, services segment is expected to witness fastest growth during the forecast period supported by growing need for managed network services among airlines.
Key Takeaways
The global In-Flight Wi-Fi Market Demand is expected to witness high growth driven by rising internet connectivity demands of passengers coupled with increasing long-haul flights. The global In-Flight Wi-Fi Market is estimated to be valued at US$ 8.4 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.
According to the report, North America currently leads the global market with over 35% share due to large fleet size of major airlines in countries like US. However, Asia Pacific region is poised to become fastest growing market with countries like China and India contributing significantly to regional growth. The Asia Pacific region is projected to witness fastest growth during the forecast period supported by robust aviation industry expansion. Countries like China and India are adding new fleets at a rapid pace to cater rising air travel demands. In addition, government initiatives in these countries to promote digital connectivity are encouraging major airlines to upgrade existing aircrafts with advanced in-flight internet systems.
Key players
Key players operating in the in-flight wi-fi market are Gogo Inc., EchoStar Corporation, Global Eagle Entertainment Inc., Kymeta Corporation, ViaSat Inc., Thinkom Solutions Inc., Thales Group, Honeywell International Inc., SITA, and Panasonic Corporation. Gogo is currently the leading provider of connectivity services for aviation industry globally. While ViaSat and Global Eagle are other prominent players focusing on developing innovative hardware solutions to deliver improved broadband experience to aircrafts.
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Report DescriptionA recent market intelligence report that is published by Data Insights Partner on In Flight Wi-Fi market makes an offering of in-depth analysis of segments and sub-segments in the regional and international In Flight Wi-Fi market.
A detailed presentation of forecast, trends, and dollar values of international In Flight Wi-Fi Market is offered.
In accordance with the report, the global In Flight Wi-Fi Market is projected to expand by more than 20.0% over the period of forecast.
By Geography, the global In Flight Wi-Fi market has been divided into North America (the U.S., Canada), Latin America (Brazil, Mexico, Argentina and other countries), Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries), Asia Pacific (India, Japan, China, Australia and New Zealand and other countries), Middle East and Africa (GCC, South Africa, Israel and Other countries).
In terms of revenue, North America region was estimated to witness the highest market share in the global In Flight Wi-Fi market in 2018, followed by Europe.
among others have been profiled into detail so as to offer a glimpse of the market leaders.
