As per this study the Global On-Board Connectivity Market was valued USD 9.74 BN (by revenue) in 2022 and is anticipated to reach USD 22.77 BN by 2030 with a CAGR of 11.2%.
Onboard connectivity refers to the satellite or Internet connectivity offered for the passengers onboard in trains, aircraft, ships, trucks, cars or bus. It is commonly used for connecting smartphones, laptops, tablets and other electronic gadgets with the Internet by means of Wi-Fi or cellular data. It is generally installed for providing in-flight entertainment, media content, connectivity solution while traveling.
Market Dynamics
The rising spending to promote onboard connectivity in aircraft, ships and on-road transit vehicles is driving the market growth. Continuous technological advancement to enhance the traveling experience of the passengers on board is further fueling the market growth. Also, ongoing proliferation of smart web-enabled mobiles with the growing popularity of social networking sites/apps is accelerating the growth of the market. However, the high cost of the onboard connectivity system may act as a restraint for the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of on-board connectivity.
Market Segmentation
The broad on-board connectivity market has been sub-grouped into component, technology, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Component
By Technology
By Application
- Entertainment
- Communication
- Monitoring
By End-user
- Maritime
- Railway
- Aviation
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for on-board connectivity in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global On-Board Connectivity Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the On-Board Connectivity market include Alcatel-Lucent S.A, AT&T Inc., Bombardier Inc., Thales Group, Teleste Corporation, Panasonic Corporation, Honeywell International Inc., ZTE Corporation, Nomad Digital, Rockwell Collins, Qualcomm Inc., Intelsat US LLC. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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