Surge in IT expenditure in the maritime, aviation, and railway industries, significant increase in disposable income of consumers, and rise in number of airline passengers in past few years facilitate the growth in the global on-board connectivity market
PORTLAND, Oregon, March 12, 2019 /PRNewswire/ --Allied Market Research published a report, titled, "On-Board Connectivity Market by Component (Hardware and Services), Technology (Satellite and Ground to Air), Application (Entertainment, Communication), and End Use (Maritime, Railway, Aviation, and On-road Transit): Global Opportunity Analysis and Industry Forecast, 2018–2025." The report provides a comprehensive analysis of key investment pockets, changing market trends, key winning strategies, market size & forecasts, major segments, and competitive scenario. According to the report, the global on-board connectivity market generated $12.81 billion in 2017 and is expected to reach $36.84 billion by 2025, registering a CAGR of 14.3% from 2018 to 2025.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5188
Surge in IT expenditure in the maritime, aviation, and railway industries, significant increase in disposable income of consumers, and rise in number of airline passengers in past few years facilitate the growth in the global on-board connectivity market. However, high initial cost related to the deployment of on-board connectivity systems and connectivity issues restrain the market growth. Contrarily, surge in government initiatives for improving customer experience would offer major opportunities in the market.
Ground to Air Technology to maintain its dominance in terms of revenue throughout the forecast period
Based on technology, the ground to air segment accounted for more than two-thirds of the total share in 2017 and will maintain its dominance in terms of revenue throughout the forecast period. This is due to its less expensive nature as compared to satellite technology. However, the satellite segment would grow at the highest CAGR of 15.3% from 2018 to 2025, owing to requirement to offer constant high-speed broadband connectivity from steerable spot beams and ability to offer flexible bandwidth.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5188
Entertainment segment to continue its dominance by 2025
Based on application, the entertainment segment accounted for nearly two-thirds of the total market share in 2017 and is expected to continue its dominance by 2025. This is due to significant rise in demand for entertainment and social media connectivity in maritime, aviation, railway, and road transit vehicles. However, the communication segment would register the highest CAGR of 14.0% from 2018 to 2025, owing to ability to make phone calls through the satellite-based networks in the airplanes and ships.
North America to maintain its dominant position during the forecast period
North America held the major share, accounting for more than one-third of the total market share in 2017 and will maintain its dominant position during the forecast period. This is due to technological advancements and expansion of leading market players in the region. Asia-Pacific is expected to grow at the largest CAGR of 16.8% from 2018 to 2025, owing to the high penetration of mobile devices, advent of cellular technologies, and favorable government regulations related to on-board connectivity in emerging countries such as China and India.
Leading market players
Leading market players analyzed in the study are ALE International, Global Eagle Entertainment Inc., Bombardier Inc., Honeywell International Inc., Gogo Inc., Panasonic Corporation, Inmarsat Plc., Thales Group, Rockwell Collins, Viasat, Inc. and others.
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
SOURCE Allied Market Research