Chicago, IL -- (SBWIRE) -- 09/26/2016 -- According to a new report, "In-flight Connectivity Market (2013 - 2021)", the global market for in-flight connectivity is expected to reach US $4.62 billion by 2021.

The global in-flight connectivity market report segments the industry based on the types of services available in the market and offers details about the growth trends and revenue forecasts for various geographic regions.

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Growth in air travel and favorable policies to drive the market

According to the report, the global market is expected to witness strong growth during the forecast period. The strong rise in the number of air passengers around the world and advancing in-flight connectivity technologies are expected to play a key role in the strong growth rate for the industry segments. Changing personal electronic device usage policies on aircraft are also expected to increase the demand and applications for the connectivity service segment in this industry. The rapid rise in the demand for onboard entertainment devices and innovations in the networking technologies are considered to be some of the major driving factors for this market. According to the report, security threats related to data privacy and the high cost of deployment remain the major restraining factors.

Asia-Pacific to witness growth at the strongest CAGR

According to the report, North America will hold the largest in-flight connectivity market share. Europe is expected to be the second largest regional market based on the market share. Asia-Pacific region is expected to witness the strongest growth regarding CAGR during the forecast period. Exponential growth in the usage of data, efforts by airlines towards enhancing the in-flight passenger experience, advancements in the seat-centric and wireless devices, etc. are considered to be the factors contributing to the rising rate of adoption in this market. As suggested in the report, the key players in this market are expected to concentrate on providing advanced and efficient services to their clients, which is boosting the industry growth further.

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The key players highlighted in the in-flight connectivity market report include EchoStar Corporation, Global Eagle Entertainment, Gogo Inc., Honeywell International Inc., Kymeta Corporation, SITA, Panasonic Corporation, Thales Group, Thinkom Solutions Inc., ViaSat Inc., and so on.

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