On-board Connectivity Market Expected to Reach US$ 43.20 Bn by 2026
According to a new market report published by Transparency Market Research, the global on-board connectivity market was valued at US$ 12.32 Bn in 2016 and is anticipated to rise at a compound annual growth rate of 13.8% from 2018 to 2026, attaining US$ 43.20 Bn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the on-board connectivity market in 2016. This is primarily due to strong technological advancement and considerable application of on-board connectivity solutions for monitoring and communication. Rising IT spending in the aviation industry and rapid adoption of commercial transportation services driving the global on-board connectivity market Rising IT spending in the aviation industry and rapid adoption of commercial transportation services are the major factors expected to fuel the growth of the on-board connectivity market across the globe. Continuously growing IT spending in the aviation se...