In-Flight Wi-Fi Market Revenue to Rise by 2027 Owing to Increasing End-use Adoption During COVID-19 Crisis
Wi-Fi is the family of wireless networking technologies that are commonly used for local area networking of devices and internet access. Wi-Fi technology enables wireless connectivity on radio frequencies between 2.4 GHz and 5 GHz. Wi-Fi technology is being increasingly deployed in enterprises, transportation sector, etc. and replacing wired LAN at a rapid pace. There are different types of Wi-Fi including indoor Wi-Fi, outdoor Wi-Fi, and transportation Wi-Fi. Furthermore, Wi-Fi has been incorporated in aviation to provide in-flight entertainment to aircraft passengers during a flight. Take Fresh look @ https://www.coherentmarketinsights.com/insight/request-sample/3806 Key players operating in the global LED services market are Gogo Inc., EchoStar Corporation, Global Eagle Entertainment Inc., Kymeta Corporation, ViaSat Inc., Thinkom Solutions Inc., Thales Group, Honeywell International Inc., SITA, and Panasonic Corporation. Market Dynamics- Restraints 1.tSecurity threat and challenges regarding data privacy are expected to restrain growth of the global in-flight Wi-Fi market during the forecast period Data security and system security threats have increased significantly in the recent past with technological advancements in the communication technology ecosystem. Some of the in-flight Wi-Fi applications carry sensitive information about customers, such as their e-payment transactions, movement, and location. These applications are vulnerable to hacking. In case of connectivity issues or system failure, third party services are called in to troubleshoot and recover data. This can pose a risk threat to data privacy and security. Thus, these factors are expected to restrain growth of the global in-flight Wi-Fi market in the near future. 2.tLow awareness in emerging economies is expected to hinder the global in-flight Wi-Fi market growth over the forecast period Budget-airlines in emerging regions are less inclined towards providing value-added services such as in-flight Wi-Fi. This is due to the fact that majority of consumers in these regions are highly price-sensitive. This, in turn, is expected to hinder the global in-flight Wi-Fi market growth over the forecast period. Market Opportunities 1.tConstant merger and acquisition activities can present major business opportunities Key companies in the market are focused on merger and acquisition activities, in order to enhance product portfolio and strengthen market presence. For instance, in September 2015, Honeywell International Inc. acquired Aviaso, in order to broaden its aerospace service portfolio and enhance presence in the Europe in-flight Wi-Fi market. Furthermore, in 2014, Thales Group acquired LiveTV in order to strengthen its In-Flight Entertainment & Connectivity (IFEC) products and services portfolio. 2.tGrowing consumer inclination towards high bandwidth applications can provide growth opportunities Airline passengers in developed regions are increasingly inclined towards high-bandwidth applications such as streaming HD videos and live broadcasts. As a result of this, Wi-Fi service providers are offering high-speed connectivity services with enhanced bandwidth capacity. For instance, in 2013, Gogo introduced ground to orbit, a hybrid connectivity technology utilizing both air-to-ground and satellite connectivity, in order to enhance bandwidth capacity up to 60 Mbps. Ask For Discount Now @ https://www.coherentmarketinsights.com/insight/request-discount/3806 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.t Contact Us: Name: Mr. Raj Shah Phone: US 12067016702 / UK 4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs: https://blog.coherentmarketinsights.com
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