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On-Board Connectivity Market Trends

Report ID: GMI7591
Published Date: Dec 2023
Report Format: PDF

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On-Board Connectivity Market Trends

Acquisitions aimed at enhancing satellite communications contribute to the propulsion of the on-board connectivity industry. Strategic acquisitions bolster technological capabilities and market reach, fostering innovation & competitiveness. For instance, in May 2023, Viasat, a prominent communications company, acquired UK-based maritime telecommunications group, Inmarsat for USD 6,658.4 million. Such strategic moves foster growth in the satellite communications industry, which is evolving dynamically and becoming increasingly competitive. The integration of acquired assets and expertise enables companies to offer more comprehensive and sophisticated on-board connectivity services, meeting the increasing demand for seamless communication in various transportation sectors.

The surge in connected and autonomous vehicles is a pivotal trend propelling the market. These vehicles leverage advanced communication technologies for real-time data exchange, supporting features such as autonomous driving, predictive maintenance, and enhanced safety systems. On-board connectivity in this context ensures seamless communication between vehicles, infrastructure & the cloud, fostering the development of intelligent transportation systems. As the automotive industry embraces these innovations, the demand for robust on-board connectivity solutions continues to grow, driving market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The on market size of -board connectivity reached USD 9.7 billion in 2023 and is set to witness 12.5% CAGR between 2023 and 2032, owing to the integration of on-board Wi-Fi in product development.

The aviation segment accounted for a market share of around 48% in 2023, due to collaborations focused on providing airlines with in-flight entertainment systems.

North America market share was over 38% in 2023, attributed to the advanced transportation infrastructure across the region.

AT&T Inc., Bombardier Inc., Collins Aerospace, Honeywell International Inc., Huawei Technologies Co., Nokia Corporation, Nomad Digital, Panasonic Corporation, Qualcomm, and ZTE Corporation.