Global On-Board Connection Market Size covers vehicle-integrated connectivity solutions. This comprises hardware and software including infotainment systems, telematics, Wi-Fi, and cellular connectivity that allow automobiles to communicate.
Consistent connectivity has become an expected norm in day-to-day life including traveling and transportation modes. On-board connectivity allows the passengers to connect to their laptops, tablets, and smartphones to the internet services using satellite network, Wi-Fi, or cellular data. This can help the passenger to utilize their time productively during traveling through train, airplane, or any other means of transportation for both personal and official work.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2022 |
Historic Years | 2018 - 2022 |
Forecast Years | 2023 - 2030 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
The global on-board connectivity market is growing at a speedy rate. The prime factor that is boosting the growth of the global market is the growing rate of tourism for leisure, business, or education. Further, availability of reliable internet connections, growing investments in railway, maritime & aviation sector, and growing demand for on-board connectivity for monitoring & communication purposes are also some of the key factors that are augmenting the growth of the global market. In addition to this, demand for in-flight connectivity is growing from aircraft that is been owned by an airline, is leased by the company for a specific period, or is a chartered aircraft that is been hired for a specific journey. Also, there is a significant increase in the number of commercial jets equipped with Wi-Fi. The availability of affordable, efficient, and fast in-flight connectivity services enhances the time efficiency of travel. During the long journey hours, on-board connectivity allows the passengers to utilize their time for entertainment purposes. All such factors have led to the rise in adoption of on-board connectivity which in turn is fostering the growth of the global on-board connectivity market. Moreover, the rise in investment for the installation of on-board connectivity solutions and the rise in development, building & improving on-board connectivity services are also some of the key aspects that are driving the growth of the global market. Furthermore, increasing penetration of 4G services and Wi-Fi services in the railway sector in emerging countries may open beneficial opportunities for the growth of the global on-board connectivity market over the forecast period. However, the high cost of on-board connectivity deployment equipment may hinder the growth of the global on-board connectivity market.
Amid COVID-19 pandemic conditions use of internet services increased at a significant rate. However, the decline in travel and tourism owing to the sealing of country borders during the pandemic period has resulted in less demand for online connectivity services. Many private organizations operating transport services postponed their planned investments during this time to stabilize financial crises. Further, strict lockdowns enforced by many governments have resulted in a halt on logistic services and ultimately hampered the growth of onboard connectivity market. In addition, many emerging countries put a halt on new investments in on-board connectivity services. These and many other factors hampered the growth of the global on-board connectivity market in the year 2020.
The global on-board connectivity market is bifurcated based on type, end-use industry, and region. Based on type, the global on-board connectivity market is bifurcated into services and solutions. The end-use industry segment comprises transportation, entertainment, monitoring, and communication.
North America is expected to remain the highest revenue contributor in the global on-board connectivity market over the forecast period. Some of the factors such as high adoption of the latest digital technologies, increasing spending on connected logistics, and the presence of key market players are playing a crucial role in the growth of the market in this region. Asia Pacific is expected to be the most lucrative market for on-board connectivity services. Factors such as rapidly increasing Wi-Fi services, large transport & logistics market, and increasing investments in 4G & 5G networks in major countries such as India, China, and Japan are expected to boost the market growth in this region over the forecast period.
Key players operating in the global on-board connectivity market include Bombardier Aerospace Inc., Nokia Corp. (Alcatel Lucent Enterprise Inc.), Huawei Technologies Co. Ltd., AT & T Inc., Honeywell International Inc., Rockwell Collins Inc., Panasonic Corporation, ZTE Corporation, Viasat Inc., and Inmarsat PLC., among others.
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FrequentlyAsked Questions
The prime factor that is boosting the growth of the global market is the growing rate of tourism for leisure, business, or education. Further, availability of reliable internet connections, growing investment railway, maritime & aviation sector, and growing demand for on-board connectivity for monitoring & communication purposes are also some of the key factors that are augmenting the growth of the global market. Furthermore, increasing penetration of 4G services and Wi-Fi services in the railway sector in emerging countries may open beneficial opportunities for the growth of the global on-board connectivity market over the forecast period.
Key players operating in the global on-board connectivity market include Bombardier Aerospace Inc., Nokia Corp. (Alcatel Lucent Enterprise Inc.), Huawei Technologies Co. Ltd., AT & T Inc., Honeywell International Inc., Rockwell Collins Inc., Panasonic Corporation, ZTE Corporation, Viasat Inc., and Inmarsat PLC., among others.
North America is expected to remain the highest revenue contributor in the global on-board connectivity market over the forecast period. Some of the factors such as high adoption of the latest digital technologies, increasing spending on connected logistics, and the presence of key market players are playing a crucial role in the growth of the market in this region.
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