Research and Markets has announced the addition of the "Global In-flight Broadband Market 2016-2020" report to their offering.
The report forecasts the global in-flight broadband market to grow at a CAGR of 10.98% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is advent of broadband connectivity. The growing demand for in-flight connectivity is mainly driven by the significant growth of internet use among passengers, growing demand for large business jet cabins, and the business models of airlines offering premium economy class seat-centric solutions to the passengers. This growing demand is driving airline operators to provide connectivity services to the passengers as a value-added service. This is a win-win situation for the passengers, service providers, and airlines, as service providers, and airlines get paid to provide services and passengers get to enjoy the comfort of accessing the internet during flight.
According to the report, one of the major drivers for this market is growth in business jet connectivity market. The statistics and trends associated with the adoption of business and private jets reflect a growing market, and this is led by the economic recovery in North America and Europe. In the recent years, many private airlines have started to offer enhanced value-added services to their business jets passengers. The trend of on-demand scheduling of private jets for high net worth individuals has resulted in a new avenue of opportunities with growth prospect on the airline side along with their corresponding in-flight connectivity partner.
Further, the report states that one of the major factors hindering the growth of this market is IT security challenges. Like many other industries, the aviation industry is also vulnerable to hacking. An efficient hacker can easily bring down an entire aviation facility or misguide an airborne flight. While being on-board, with the availability of the internet, a hacker can hack into the control systems of the aircraft and guide the airplane to another location.
- Panasonic Avionics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by in-service platforms
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/n237t7/global_inflight
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-in-flight-broadband-market-growth-of-10-2016-2020-with-gee-gogo--viasat-dominating---research-and-markets-300379697.html
SOURCE Research and Markets