Surging Demand for High Quality, Secure, High Speed & Economical Wi-Fi Connectivity During Air Travel Drives Strong Market Growth
Worldwide, total number of Commercial Flights with Wi-Fi Services onboard is projected to exceed 22 thousand by 2024 , driven by the emergence of the digital passenger with mobile device connectivity demanding high quality, secure, high speed, and economical connectivity; and advancements in broadband IP technologies. From being an aspect used to achieve differentiation in the highly competitive airline industry, in-flight Wi-Fi is rapidly becoming a norm and is anticipated to be ubiquitous by 2035. The service holds potential to impel the market and generate notable ancillary revenues for airlines. Currently, just one-fourth of flights are offering some form of Wi-Fi, allowing airlines to generate $1.0 billion, which is considerably lower than the $60 billion earning from conventional sources including baggage fees, seat upgrades and onboard duty-free shopping. However, the scenario is poised to change rapidly with the launch of new satellites capable of overcoming challenges re...