Accelerated Narrow-body Aircraft Terminal Installations and Domestic Travel Return, Drives IFC Market Recovery Cambridge, MA– April 4th, 2022- 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.
The Inflight Connectivity (IFC) business was hit hard by COVID19, on the back of drastic downtime in aviation traffic in 2020. As a result, the segment saw on average a 35% decline in annual retail revenues last year, according to NSR’s Aeronautical Satcom Market Report, 9th Edition. However, as aviation traffic continues to bounce back.
Internet access is an integral part of the human necessity, owing to its immense impact on social and economic developments in a region or community. However, approx. 50% of the world’s population still do not have Internet access, creating a greater digital divide across regions. This inequality is significant between developing and developed regions, where.