Ground to Air On-Board Connectivity Market to Generate $24.44 Million by 2026
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Allied Market Research recently published a report, titled, “Ground to Air On-Board Connectivity Market by Component (Hardware and Services), Technology (Satellite and Air to Ground), Application (Entertainment, Communication), and End Use (Maritime, Railway, Aviation, and On-road Transit): Global Opportunity Analysis and Industry Forecast, 2019–2026″. According to the report, the global ground to air on-board connectivity market was pegged at $9.68 billion in 2018 and is projected to reach $24.44 billion by 2026, registering a CAGR of 13.8% from 2019 to 2026.
Incentives for market growth
Rise in IT spending in the aviation, railway, and maritime industry and increase in consumer disposable income, and surge in number of airline passengers have boosted the growth of the global ground to air on-board connectivity market. However, high costs associated with the deployment and connectivity issues hamper the market growth. On the contrary, surge in government initiatives to enhance customer services is expected to create lucrative opportunities in the near future.
Services segment to dominate the market
The services segment held the largest share in 2018, contributing nearly three-fourths of the global ground to air on-board connectivity market, owing to rise in Internet of Things devices and surge in adoption of on-board connectivity technology by the aviation, maritime, railway, and on-road transit industries. Moreover, the segment is p....