Market Size of On-board Connectivity Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 13.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
On-Board Connectivity Market Analysis
The on-board connectivity market is expected to register a CAGR of 13.8% over the forecast period (2020- 2025). On-board connectivity is used for various mode of transports such as maritime, aviationand railways for connecting it to Wi-Fi to be used for communication, entertainment, and monitoring purpose. Increase in the number of air passengers globally is acting as a major catalyst for growing investment in this market. Bolstering use of portable electronic devices and rise in the growth of disposable income have fuelled the growth of on-board connectivity market.
There is high cost associated with the deployment of on-board connectivity equipment on airplanes causing a rise in the overall weight of aircraft.These factors may hamper the growth of on-board connectivity market. The surge in the use of portable electronic devices and growing inclination of people to travel in airlines is creating huge opportunities for this market. Various regulatory frameworks & certification are taking place in the market.However, the mounting demand for Wi-Fi connectivity and technological developments are creating opportunities which will increase the demand for on-board connectivity market.
Companies are investing enormous amounts in installing connectivity solutions. For instance, Inmarsat PLC 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.
