Portable Systems Poised For Huge Growth In The Inflight Connectivity Market
The global inflight connectivity market is expected to witness a CAGR of 18.65% to reach revenue of $4,632.8 million by 2024
Bangalore, India, April 8, 2019: With its recently published study “Global Inflight Connectivity Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024”, Infoholic Research forecasts that the global market for inflight connectivity will continue to grow due to the increasing demand for the Internet connectivity in flights among passengers.
Given the ubiquity of the Internet and the proliferation of mobile content consumption, the Internet is no longer being viewed as a luxury but an inevitable service offering, especially among millennials. The demand for an always-on Internet experience on-ground is expected from the airline industry during flight as well. The consumers are choosing airlines based on Internet speed and data usage charges, especially in certain regions such as North America and Europe. This trend is expected to continue during the forecast period 2018–2024, fueling the market growth at a CAGR of 18.65% to reach $4,632.8 million by 2024.
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The Americas is the largest contributor within the global inflight connectivity market. The extent of adoption of inflight connectivity among domestic and international flights is high in the US. The rate of adoption of inflight connectivity solutions in EMEA is high with the growth of ventures such as the European Aviation Network. APAC is expected to witness growth mainly due to the relaxation of aviation rules regarding inflight connectivity in India along with the growing support of the Government of China for promoting inflight connectivity.
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“A major trend in the market is the growing demand for portable Wi-Fi devices like the ones from manufacturers such as Airfi.Aero and Bluebox Aviation. The companies are trying to decrease the gap between Internet-connected entertainment and offline content entertainment by signing deals with many production companies and digital media platform providers such as Mashable to offer passengers more movies, TV shows, magazines, and other media contents.” – Arjun Das, Senior Research Analyst, Infoholic Research
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