Press release
In-flight Entertainment Market 2018 Global Key Leaders: Global Eagle Entertainment, Inmarsat, Lufthansa Systems, Rockwell Collins, Thales Group, Viasat, Zodiac Aerospace
In-flight entertainment systems or onboard entertainment systems are meant to serve the in travel entertainment of airline passengers and includes services such as flight TV, in flight music, games and others. The global in-flight entertainment market is anticipated to grow at a CAGR of 13.07 % during the forecast period of 2016 to 2023.
The explosive growth of air travel and growing passenger traffic triggered by advent of no frills and cheap airlines is the prime driver of the market. The airline industry has witnessed copious changes in technology and services with an aim to provide greater value to the customers. Airlines role has expanded from transporting travelers to providing entertaining travel experience, tailored to meet the demands of passengers. The growing use of personal devices for availing in-flight entertainment service, growing consumption of digital data, have led to growth of the market. According to IATA Global Passenger Survey, almost half of the North Asian passengers prefer using their own devices for viewing digital content rather than the embedded seat-back entertainment systems.
The need for customized entertainments has led to numerous entertainment forms such as movies, e-books, videos, games, etc. so as to enhance the flying experience. Technological advancements in telecommunications such as air-to-ground networks, Wi-Fi entertainment, satellite etc. has led to a surge in onboard connectivity. Psychometric drivers of the market include acceptance of entertainment as a necessity rather than a luxury, lifestyle changes, and desire for experience. Miniaturization and falling cost of devices and flight delays are added drivers of the market..
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5808
Industry News:
November 2017 - Gogo was contracted by Cathay Pacific Group to install Gogo's 2Ku in-flight connectivity solution on its aircraft fleet.
September 2017 - Inmarsat was contracted by AirAsia Group to provide its next-generation GX Aviation in-flight broadband solution for more than 120 aircraft.
October 2016, Qatar Airways contracted Global Eagle to install core in-flight entertainment content services, for 184 Qatar Airways' airliners.
April 2016 - Air France contracted Zodiac Inflight Innovations to install Zodiac’s Rave Centric in-flight entertainment solution on 15 aircrafts.
Major Key Players
The prominent players of in-flight entertainment market are FDS Avionics Corp. (U.S.), Honeywell International Inc. (U.S.), Global Eagle Entertainment Inc. (U.S.), Gogo Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Inmarsat Plc (U.K), Thales Group (France), Lufthansa Systems (Germany), Panasonic Avionics Corporation (U.S.), SITAONAIR (Switzerland), Viasat Inc. (U.S.), Zodiac Aerospace (France) and others.
Regional Analysis:
North America region accounted for the largest market share of 32.99 % in 2016, and which is anticipated to grow at a CAGR of 13.05 % owing to presence of the largest air travel industry and largest number of flights of the U.S. The presence of global players such as Global Eagle, Panasonic Avionics Corporation, and Gogo, coupled with the faster uptake of new technologies and entertainment forms are the prime determinants of the U.S. market.
Europe accounts for the second largest share of the market led by France, Germany and U.K. According to estimates approximately 10,000 aircraft would be in service in the region by 2035. The Asia Pacific region is expected to generate fastest growth led by Japan, China and India. The Middle East and Africa market is led by the Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar. The investment of the government in airline industry to stimulate the service sector led growth and the huge cash pile owing to petrochemical exports are the determinants of the Gulf market.
Segmentation:
To determine an accurate assessment of the global in-flight entertainment market, the report has been segmented by platform, product type, service type, and region.
Based on the platform, the market has been segmented by narrow-body aircraft, wide-body aircraft, and business jets. Narrow-body segment accounted for the largest market share of 66.94 % in 2016, and which is anticipated to grow at the highest CAGR of 13.43 %.
Based on the product type, the market has been segmented by hardware, connectivity & communication, wired, wireless, antenna, wireless LAN controller, wireless access point, wireless hotspot gateway and others. The hardware segment accounted for the largest market share of 61.02 % in 2016, and which is projected to grow at a CAGR of 12.55 % during the review period.
Based on the technology, the market has been segmented by air-to-ground technology, and satellite technology
Based on the service type, the market has been segmented by video display systems, data connectivity, flight tracker, and others. The video display systems segment accounted for the largest market share of 51.94 % in 2016, and which is anticipated to grow at a CAGR of 13.17 % during the review period.
Based on the region, the market has been segmented by North America, Europe, Asia Pacific, Middle East and Africa.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/in-flight-entertainment-market-5808
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release In-flight Entertainment Market 2018 Global Key Leaders: Global Eagle Entertainment, Inmarsat, Lufthansa Systems, Rockwell Collins, Thales Group, Viasat, Zodiac Aerospace here
News-ID: 1314456 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
