Global Market Insights, Inc. has recently added a report on In-flight entertainment & connectivity market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.
In-Flight Entertainment & Connectivity Market growth will be driven by increasing demand for comfort accompanied by commercial aviation & fleet expansion. Launch of high throughput satellite (HTS) has enabled added connectivity through Ka band for geo-positioning services, media content and several other applications. The rising prominence of digital advertising as well as free Wi-Fi services is predicted to propel in-flight entertainment and connectivity market size in the coming years.
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Based on aircraft type, the industry can be classified into business jets, narrow-body aircraft (NBA), very large aircraft (VLA), wide-body aircraft (WBA). The In-flight entertainment & connectivity market expects from entertainment & connectivity sector potential demands from WBA such as Boeing, 747, 767 and 787 Dreamliner, owing to high adoption of these systems. The NBA segment (for example Boeing 757, Airbus 320 and Boeing 737) is forecast to gradually gain more importance due to low turnaround time, increased frequency and optimal fuel management.
In-flight entertainment & connectivity market share can be segmented by product into hardware, connectivity and content. Hardware can be further segregated into portable and non-portable devices. On the basis of content, it can be categorized into movies, TV shows, music, radio and games. Hardware suppliers have been shifting focus towards content service delivery, thereby positioning themselves as system integrators. For instance, hardware vendors such as Panasonic Avionics Corporation have formed a strategic alliance to add international content as a part of their hardware in-flight entertainment and connectivity system package.
U.S. In-flight entertainment & connectivity market will remain a major regional segment through the forecast timeline due to improved high speed broadband support infrastructure, growing data usage in air & ground applications and customizable features offered to its users. Asia Pacific is anticipated to witness rapid growth due to rising consumer living standards and growing air travel frequency.
In-Flight Entertainment & Connectivity Market size was valued at over USD 3 billion in 2015 and is expected to reach USD 8.5 billion by 2024, growing at 13.3% CAGR from 2016 to 2024. Need for increasing passenger travel time experience, development of innovative wireless solutions on BYOD (bring your own device) and growing availability of HD contents are anticipated to drive industry demand.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.