Share this article
Share this article
ResearchAndMarkets.com s offering.
Monster Waves of the COVID-19 Storm Washes Out the Aviation Industry. In-Flight Wi-Fi Declines by -30.8%
The global market for In-Flight Wi-Fi is expected to decline by -30.8% in the year 2020 and thereafter reach a market size of US$6.6 billion by the year 2027, trailing a post COVID-19 CAGR of 10.6% over the analysis period 2020 through 2027. The COVID-19 pandemic has disrupted majority of economic activities across countries.
The pandemic is estimated to cost trillions of dollars to the global economy. Commodity-rich exporting countries are expected to experience a US$2- US$3 trillion fall in investments in the near term. Aviation industry is worst hit by the crisis, as the lockdowns and shutdowns in almost all countries across the world led to widespread restrictions being imposed on international air travel but soon domestic travel was also limited.