Press release
Wireless in-Flight Entertainment (W-IFE) Market Size Brief Analysis By Top Key Players - Gogo Inc, Bluebox Avionics, Inflight Dublin, Panasonic Corporation, Rockwell Collins, Thales Group
Polaris Market Research presents a most up-to-date research on “Wireless In-flight Entertainment (W-IFE) Market [(By Product Type (Embedded IFE, Portable IFE, Overhead IFE, Wireless IFE); By Fitment Type (Linefit and Retrofit); By Aircraft Type (Narrow Body, Wide-Body); By Hardware (IFE Systems, Display Units, Modems, WAPs, Others); By Technology (Ku-Band, Ka-Band, L-Band, ATG); By Regions]: Markets Size & Forecast, 2017 – 2026”.The Global Wireless In-flight Entertainment (W-IFE) Market Was Valued At USD 1,012.2 Million In 2017, And Is Projected To Reach USD 3,638 Million By 2026, Growing At A CAGR Of 15.4% During The Forecast Period.
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Major industry players include-
• Gogo Inc.
• Bluebox Avionics Ltd
• Inflight Dublin, Ltd
• Panasonic Corporation
• Lufthansa Systems GmbH
• SITA OnAir
• Rockwell Collins Inc.
• Thales Group S.A.
• Zodiac Aerospace SA
• BAE Systems PLC.
The market growth of wireless in-flight entertainment market is highly propelled by the increasing trend of BYOD among people in both developed and developing economies. Also, rising preference of people to use their own devices onboard has also complemented the market growth. The services offered by the wireless in-flight entertainment systems are easily accessible on the passengers’ personal devices as well as portable media interface devices provided by the airline.
The market for wireless inflight is segmented on the basis of aircraft into narrow-body, and wide-body. The narrow-body aircraft is expected to dominate the market for wireless in-flight entertainment market and is anticipated to continue its dominance during the projected period. The growth of this segment is due to the increasing demand for narrow-body aircrafts for short-distance routes. Furthermore, the regional jet segment is expected to grow at a high pace during the projected period as airlines globally are upgrading their regional jet fleets with wireless in-flight entertainment systems.
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Moreover, the market is also segmented into product, fitment, hardware, and technology. The product segment is further divided into embedded IFE, portable IFE, overhead IFE, and wireless IFE. The fitment segment is categorized into linefit and retrofit. The retrofit market of wireless in-flight entertainment is anticipated to be the fastest growing segment during the projected period of 2017-2026. This growth is attributed to the increasing adoption of retrofit wireless in-flight entertainment systems by the airlines, as it benefit the airlines to reduce overall flight weight and increases profit margin along with providing improved passenger experience.
North America is the leading the market for wireless in-flight entertainment owing to high spending capacity of people for air travels resulting in their increased demand for better passenger experience. The Asia Pacific region, which comprises of several developing economies, is facing a tremendous growth in its airline industry due to increased spending capability of the population resulting in increased air travel. Also, the airline industry in Asia Pacific is highly competitive thus, airline companies are investing significantly to provide updated technology for enhancement of passenger experience.
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com
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