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In-flight Internet Market worth $2.1 billion by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

06 Jun, 2024, 10:45 GMT

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CHICAGO, June 6, 2024 /PRNewswire/ -- The In-flight Internet market is estimated to be USD 1.6 billion in 2024 and is projected to reach USD 2.1 billion by 2029, at a CAGR of 5.7% from 2024 to 2029 according to a new report by MarketsandMarkets™. Improvements in satellite technology, such as the development of high-throughput satellites (HTS) and the deployment of Low Earth orbit (LEO) satellites, have significantly enhanced the capacity, speed, and reliability of in-flight Wi-Fi services. Innovations in antenna and onboard Wi-Fi systems have also contributed to better service quality and coverage.

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Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209018219

Browse in-depth TOC on "In-flight Internet Market"

300 – Tables
60 – Figures
250 – Pages

In-flight Internet Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 1.6 billion

Estimated Value by 2029

$ 2.1 billion

Growth Rate

Poised to grow at a CAGR of 5.7%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Technology, End User, Service Model, Connectivity Speed and Regions

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Complex installation

Key Market Opportunities

Expansion of in-flight internet services into emerging markets

Key Market Drivers

Increasing demand for connectivity

By Technology, the Hybrid- Based segment is projected to grow at the highest CAGR during the forecast period.

Hybrid systems leverage both ATG and satellite networks, providing more comprehensive coverage than either technology alone. ATG networks offer robust coverage over land, while satellites ensure connectivity over oceans and remote areas. This combination ensures continuous internet access across diverse flight routes. By dynamically switching between ATG and satellite networks based on signal strength, availability, and congestion, hybrid systems optimize connectivity performance. This ensures passengers experience consistent, high-speed internet without interruptions, regardless of their flight path.

By service model, the Free Wi-Fi segment is projected to grow at the highest CAGR during the forecast period.

Free Wi-Fi significantly enhances the passenger experience, making flights more enjoyable and productive. This can increase customer satisfaction and loyalty, encouraging repeat business and positive word-of-mouth recommendations. In a highly competitive aviation market, airlines are constantly seeking ways to differentiate themselves. Providing free Wi-Fi can be a compelling selling point, attracting passengers who prioritize connectivity when choosing an airline.

By end user, Commercial Aviation is projected to grow at the highest growth rate during the forecast period.

Passengers in commercial aviation, including both leisure and business travelers, increasingly expect reliable internet connectivity. This growing expectation is driving airlines to invest in and expand their in-flight Wi-Fi offerings. In-flight Wi-Fi represents a significant ancillary revenue stream for commercial airlines. Airlines can monetize connectivity through various models, such as tiered pricing, subscription services, and advertising. This potential for additional revenue incentivizes airlines to invest in Wi-Fi infrastructure.

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North America holds the highest growth rate in the region for the In-flight Internet Industry.

North America, particularly the United States, has some of the busiest air travel routes and airports in the world, creating substantial demand for in-flight services, including Wi-Fi. Passengers in this region, driven by the prevalent use of digital devices and a strong desire to stay connected, have high expectations for in-flight connectivity. Airlines respond by offering robust options to meet these expectations. Additionally, the significant volume of business travel in North America, where reliable and high-speed internet is essential for productivity, further drives the demand for advanced in-flight services.

Major players in the In-flight Internet companies Viasat, Inc. (US), Gogo Business Aviation LLC (US), Panasonic Avionics Corporation (US), Thales (France), and Collins Aerospace (US) these key players offer connectivity applicable to various sectors and have well-equipped and robust distribution networks across North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

In-flight Entertainment & Connectivity Market by Product (IFE Hardware, IFE Connectivity, IFE Content), Class, Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Business Jets), End User and Region 2026

Aircraft Seating Market by Seat Type (Passenger Seat, Pilot, & Crew Seat), Platform (Narrow Body, Wide Body Aircraft, Business Jet, Commercial Helicopter, Light Aircraft, UAM), End-User, Seat Material, Standard and Region - Global Forecast to 2029

Aircraft Cabin Interiors Market by Type (Aircraft Seating, IFEC, Aircraft Cabin Lighting, Aircraft Galley, Aircraft Lavatory, Aircraft Windows & Windshields, Aircraft Interior Panels), End User, Aircraft Type, Material, Region - Global Forecast to 2027

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Connected Aircraft Market by Type (Hardware (SATCOM, Data Management Systems, Interface Devices, Software (Fleet Operations, Fleet Monitoring)), Connectivity (In-Flight, Air-To-Air, Air-To-Ground), Platform, and Region- Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/in-flight-content-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/in-flight-internet.asp

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