HomeMost PopularInvestingRevolutionizing Business Aviation: Gogo Inc. Initiates Groundbreaking In-Flight Connectivity

Revolutionizing Business Aviation: Gogo Inc. Initiates Groundbreaking In-Flight Connectivity

Actionable Trade Ideas

always free

The Dawn of a New Era

Gogo Inc. has marked a triumphant milestone by successfully establishing end-to-end connectivity through its Gogo Galileo global broadband service, utilizing the HDX antenna on the operational Eutelsat OneWeb Low Earth Orbit satellite network. This monumental achievement holds the promise of transforming in-flight connectivity for business aviation, especially catering to small jets with limited options, particularly outside North America.

Pioneering Progress in Aviation Technology

The company announced the imminent commercial launch of Gogo Galileo later this year. To complement this groundbreaking service, flight testing with the HDX terminal is set to commence in the summer, with certification and commercial availability expected in the near future.

A Bird’s Eye View: Market Potential

According to a report from Grand View Research, the global in-flight entertainment and connectivity market was valued at $5.96 billion in 2022, projected to grow at a CAGR of 8.4% from 2023 to 2030. This exponential growth is attributed to the escalating demand for wireless connectivity solutions and services onboard aircraft, indicating a promising future for the industry.

Embracing Technological Evolution

In a recent development, Gogo Inc. embarked on virtual flight simulation testing for its 5G software in March, with plans to unveil Gogo 5G later this year. The advanced testing techniques showcase the company’s commitment to innovation, aiming to provide unparalleled speeds ranging from 75-80 Mbps, with an average speed of 25 Mbps to meet the escalating demands for data-intensive services and applications.

Exploring Investment Opportunities

While Gogo Inc. currently holds a Zacks Rank #3 (Hold), reflecting the dynamic nature of the stock, it is essential to acknowledge the company’s forward-looking endeavors. Despite a 39.3% decline in shares over the past year, the trajectory of this innovative company in the realm of aviation technology deserves careful consideration by investors.

Zacks Investment Research
Image Source: Zacks Investment Research

Stocks Driving Technological Innovation

For investors seeking opportunities in the technology sector, noteworthy companies like Synopsys, Woodward, and Perion Network present themselves as promising prospects. With Synopsys and Perion Network holding a Zacks Rank #1 (Strong Buy) and Woodward carrying a Zacks Rank #2 (Buy), these companies exemplify the potential for growth and innovation in the evolving technological landscape.

Seizing the Opportunity

Don’t miss the chance to explore Zacks’ range of offerings. Dive into a plethora of services like Surprise Trader, Stocks Under $10, Technology Innovators, and more for just $1. Uncover the strategies that have led to 162 positions closing with double- and triple-digit gains in 2023 alone.

See Stocks Now >>

Want the latest recommendations from Zacks Investment Research? Download 7 Best Stocks for the Next 30 Days for free.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.