According to a report by Frost & Sullivan, increased investment in in-flight entertainment is expected to cause an improvement in flight operations and connectivity in the global aviation satellite communication (Satcom) market.
As per the report, the Asia-Pacific (APAC) region will generate the highest revenue for the market in over the forecast period. Within the APAC region, growth will primarily be driven by China and India, where domestic travel is extremely popular.
By 2030, the aviation market, which includes the cockpit segment, cabin segment, and in-flight entertainment and connectivity (IFEC), is expected to grow from $527.2 million in 2020 to $730.4 million by 2030, recording a 3.3 per cent compound annual growth rate (CAGR).
However, due to the impact of Covid-19, the industry will likely witness incremental growth till 2023.
Frost & Sullivan predicts that air travel will return to pre-pandemic levels by 2024, while demand for aviation Satcom will rise steadily throughout the forecast period.
Further, the report stated that in order to tap the growth prospects, satellite operators must develop smaller and cheaper hardware for the Satcom service portfolio by partnering with multiple hardware developers and launching new satellites to provide seamless connectivity.
The vendors should determine whether a satellite mission can be launched from their end to provide seamless global connectivity to airlines, partner with LEO satellite operators to provide low-cost capacity to airlines, and GEO satellite operators should partner with LEO satellite operators in order to enhance services and offer cheaper prices.
