The global In-Flight Wi-Fi market is expected to grow from US$ US$ 2.13 Bn in 2017 to US$ 7.30 Bn by 2025 at a CAGR of 16.9% between 2018 and 2025.

Pune, India -- (SBWire) -- 03/26/2019 --The global market for In-Flight Wi-Fi market exhibit high growth in near future. Some of the major driving factors contributing to the market growth includes growth in population travelling by air along with increased implementation of connectivity technologies with operational benefits. Also, rising trend of In-Flight retails is expected to significantly drive the In-Flight Wi-Fi market. However, the high cost of implementation, up gradation and maintenance of system may adversely impact the growth of the market in coming years. Despite the factors restraining the market growth, the rising demand for connectivity in rapidly developing economies of APAC is projected to generate optimal growth opportunities during the forecast period.

The leading participants in the market of In-Flight Wi-Fi include GoGo LLC, Honeywell International Inc., Echostar Corporation, Kymeta Corporation, Panasonic Avionics Corporation, Viasat Inc., Sitaonair, Thales Group, Thinkom Solutions Inc., and Global Eagle Entertainment Inc.

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The global In-Flight Wi-Fi market is segmented into: by types, aircraft types, technology and geography. The market for In-Flight Wi-Fi is anticipated to expand at a prime growth rate in the Asia Pacific region during the forecast period from 2018 to 2025. Annually burgeoning air traffic and airline fleet size, Asia Pacific is primed to experience boom in In-Flight connectivity across the region. Owing to this rise in air traffic throughout the region, which is expected to increase exponentially in forthcoming years, the passenger expectations and willingness to pay for In-Flight Wi-Fi connectivity is also projected to increase. Owing to these factors the APAC region is expected to showcase highest growth rate during the forecast period. Till date companies like Philippine Airlines, Japan Airlines, Thai Airways, Nok Air and Singapore Airlines along with others have implemented In-Flight Wi-Fi units, the number is likely to increase in year to come. Demographically, the business flyers in Asian provinces are the early adopters of In-Flight Wi-Fi services, accrediting majority interest on business flights and having better experience of global In-Flight Wi-Fi quality. This category of flyers is also the key influencers who would be recognizing the importance of monetization of high speed internet.

North America is a most influential region in the world and so is its aviation industry. In the year 2017, the region had primed its contribution to the global airline industry. However, the region is also expected to experience shrinkage in its profitability in 2018 as the cost pressure pertains to grow. Despite, in the coming years North America would continue to generate relatively greater profit, contributing to the growth of global airline industry. The airlines industry in North America is not only growing monetarily but also technologically. The investment in the industry towards technological development is expanding at an exponential rate, where connectivity technologies play a major role. For instance, the Delta Air Lines and United Airlines, are the two pioneer airlines in North America that have already implemented pilots to provide content to their passengers on board using Wi-Fi or by renting out mobile devices like tablets

Demographically, the business flyers in Asian provinces are the early adopters of In-Flight Wi-Fi services, accrediting majority interest on business flights and having better experience of global In-Flight Wi-Fi quality. This category of flyers is also the key influencers who would be recognizing the importance of monetization of high speed internet. Furthermore, as more number of aircraft fleets inhibit In-Flight Wi-Fi, the passenger's expectations are will also skyrocket. This in turn would result in passenger shrinkage for the one not offering In-Flight Wi-Fi services. Nonetheless, the business flyers and young passengers would pertain to be key influencers, encouraging the deployment of In-Flight Wi-Fi services amid all the countries of APAC.

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