Benzinga: NSR’s Aero Satcom Report Sees Recovering IFC Market Generating $48 Billion through Decade
Despite current COVID-19 headwinds, the installed base for widebeam satellite and high throughput satellite (HTS) terminals onboard aircraft grew by 19.3% year-on-year to over 10,000 units by the end of 2021. The market now sits solidly at a crossroads as airlines face critical decision making on their IFC strategy. In its 10th year, NSR’s Aeronautical Satcom Markets (AERO10) report finds a $48 billion+ cumulative revenue opportunity through the decade for both service providers and equipment vendors. Driven by accelerated installation of terminals on narrow-body aircraft and the rapid return of domestic travel, the IFC market sits positioned for recovery ahead of a rebound in aviation traffic.