The surge in IT expenditure in the maritime, aviation, and railway industries, a significant increase in the disposable income of consumers, and a rise in the number of airline passengers in the past few years facilitate the growth in the global on-board connectivity market.
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However, the high initial cost related to the deployment of onboard connectivity systems and connectivity issues restrains the market growth. Contrarily, the surge in government initiatives for improving customer experience would offer major opportunities in the market.
By technology, the ground-to-air segment accounted for the highest revenue in 2017 and is expected to be dominant till 2025. The growing demand for well-established ground cellular networks by connectivity service providers has driven the growth.
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Based on end-use, the aviation segment contributed to the highest revenue share in 2017. Simultaneously, budding preference for in-car infotainment services has made the car segments remain lucrative and grow at the fastest CAGR over the forecast period.
Based on application, the entertainment segment accounted for nearly two-thirds of the total market share in 2017 and is expected to continue its dominance by 2025. This is due to a significant rise in demand for entertainment and social media connectivity in maritime, aviation, railway, and road transit vehicles.
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However, the communication segment would register the highest CAGR of 14.0% from 2018 to 2025, owing to the ability to make phone calls through satellite-based networks in airplanes and ships.
North America held the major share, accounting for more than one-third of the total market share in 2017 and will maintain its dominant position during the forecast period. This is due to technological advancements and the expansion of leading market players in the region.
Asia-Pacific is expected to grow at the largest CAGR of 16.8% from 2018 to 2025, owing to the high penetration of mobile devices, advent of cellular technologies, and favorable government regulations related to on-board connectivity in emerging countries such as China and India.
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The key market players analyzed in the report include Bombardier Inc., Rockwell Collins, Global Eagle Entertainment Inc., Gogo Inc., Honeywell International Inc., ALE International, Inmarsat Plc., Panasonic Corporation, Thales Group, Viasat, Inc., and others.
Adhering to a number of different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others, these key players have become able to retain their strong status in the market.
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