The global airline passenger communications system market was valued at almost $5 billion in 2015 and is expected to surpass $6 billion by 2020, says Technavio.
Technavio’s aerospace components portfolio has announced its latest market research report on airline passenger communications system for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global airline passenger communications system market during the forecast period. Some of the top vendors listed in this industry analysis include GEE, Gogo, Panasonic Avionics, Thales, and ViaSat.
In terms of geographical analysis, the Americas will be the largest region in the global market, reaching revenues of more than $3 billion by 2020. The demand for increasing bandwidth has been driving the connectivity market in the Americas.
“The emergence of agile and smart airport infrastructure will boost the demand for effective airline passenger communications systems globally. These systems provide a seamless exchange of information between airport operators, airlines, and passengers, and help in boosting the efficiency and profitability of the aviation industry. In smart airports, all systems are integrated into one single digital grid, which helps in sharing real-time information and deep cross-silo collaboration,” says Avimanyu Basu, a lead analyst at Technavio for research on aerospace components.
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This new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Passengers’ predisposition to remain connected
The advent of digitalization is increasing the demand for Wi-Fi connectivity in the aircraft. Passengers are looking for a flight with onboard connectivity services, and this will lead to the development of the market during the forecast period. It was estimated that around 75% of the passengers are likely to avail in-flight Wi-Fi connectivity services during 2015. These services are mainly used for web surfing, email, and social media apps usage. The extensive use of mobile gadgets like smartphone, tablets, and laptops is increasing the requirement for in-flight Wi-Fi usage.
Growth in the business jet connectivity market
The economic development in the North American and European region has resulted in an increased adoption of business and private jets. Several private airlines have started to offer enhanced value-added services to their business jets passengers to increase their brand awareness and attract more consumers. The airline operators are investing in the development of hybrid technology that consists of ATG framework based on 4G Long Term Evolution (LTE) and satellite connectivity. The airline operators are partnering with various OEMs to develop connectivity solutions that ensure proper functionality of devices, applications, and individual components.
Influence of benefit programs for frequent fliers
Airline companies are offering various benefits for frequent fliers who can accumulate points on each flight and redeem the points later for upgrades in travel class or complimentary tickets. The vendors are linking these benefit programs with the day-to-day expenditure of the traveler through bank cards. These services are highly customized and are designed as per the individual and unique requirements of a customer. The airline operators are required to have a more extensive knowledge of the customer base driving the demand for communications systems.
Other prominent vendors identified in this report are Airbus, SITAONAIR, Polygon, Rockwell Collins, and Zodiac Aerospace.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Airline Passenger Communications System Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Aircraft Cockpit Display System Market 2016-2020
- Global Flight Management Systems Market 2016-2020
- Global Multi-Function Display Market 2016-2020
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