Technavio Announces the Publication of its Research Report Global In-Flight Broadband Market 2016-2020
Technavio recognizes the following companies as the key players in the global in-flight broadband market: GEE, Gogo, Panasonic Avionics, and ViaSat.
Other Prominent Vendors in the market are: Airbus, SITAONAIR, Rockwell Collins, and Zodiac Aerospace.
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Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is advent of broadband connectivity. The growing demand for in-flight connectivity is mainly driven by the significant growth of internet use among passengers, growing demand for large business jet cabins, and the business models of airlines offering premium economy class seat-centric solutions to the passengers. This growing demand is driving airline operators to provide connectivity services to the passengers as a value-added service. This is a win-win situation for the passengers, service providers, and airlines, as service providers, and airlines get paid to provide services and passengers get to enjoy the comfort of accessing the internet during flight.
According to the report, one of the major drivers for this market is growth in business jet connectivity market. The statistics and trends associated with the adoption of business and private jets reflect a growing market, and this is led by the economic recovery in North America and Europe. In the recent years, many private airlines have started to offer enhanced value-added services to their business jets passengers. The trend of on-demand scheduling of private jets for high net worth individuals has resulted in a new avenue of opportunities with growth prospect on the airline side along with their corresponding in-flight connectivity partner.
Further, the report states that one of the major factors hindering the growth of this market is IT security challenges. Like many other industries, the aviation industry is also vulnerable to hacking. An efficient hacker can easily bring down an entire aviation facility or misguide an airborne flight. While being on-board, with the availability of the internet, a hacker can hack into the control systems of the aircraft and guide the airplane to another location.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About In-Flight Broadband
The in-flight broadband market encompasses services that are employed to provide internet connectivity to airline and business jet passengers, as well as solutions that allow passengers to access digital media. The rapid growth in the bandwidth consumption with the use of mobile and other digital devices has also encouraged airlines to offer similar on-board connectivity solutions. Therefore, many airlines are in the process of establishing a connectivity environment where passengers can experience superior on-board broadband networks.
Technavios analysts forecast the global in-flight broadband market to grow at a CAGR of 10.98% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global in-flight broadband market for 2016-2020. To calculate the market size, the report considers the revenue generated through the application of broadband in-service platforms (L-band, Ku-band, and High Throughput Satellite (HTS)) in aircraft (narrow-body, wide-body, and business jet).
The market is divided into the following segments based on geography:
Technavio’s report, Global In-Flight Broadband Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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