On-Board Connectivity Market - Global Industry Analysis

On-Board Connectivity Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-6316 Status : Upcoming

Description

Global On-Board Connectivity Market: Overview

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 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
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 2021 to 2028
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.

Global On-Board Connectivity Market: Growth Factors

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.

Global On-Board Connectivity Market: SegmentationThe 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.

Global On-Board Connectivity Market: Regional Analysis

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.

Global On-Board Connectivity Market: Competitive Players

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.

Global On-Board Connectivity Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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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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