Inflight Advertising Market expected to grow at a CAGR of 11.17% | flight Advertising Industry Report by Product, Aircraft Type, and by Regions

The report on the global Inflight Advertising market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

As the in-flight advertising market is shifting towards aggressive targeted advertising through Wi-Fi connectivity, e-commerce platform and live TV services, the existing airline hardware is set to become obsolete to a certain extent. In the current scenario the airline are accepting these sudden changes in trend of advertising in order to monetize and develop ancillary revenue streams which is expected to boost airline revenues significantly. As a result, the market for inflight advertising is expected to grow at a CAGR of 11.17%.

Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/5299

Major Key Players
• Global Eagle,
• IMM International,
• Blue Mushroom,
• EAM Advertising LLC,
• MaXposure Media Group (I) Pvt. Ltd.,
• Panasonic Avionics Corporation,
• Global Onboard Partners,
• Zagoren Collective,
• Atin OOH

Drivers and Trends

Advertisers have witnessed an upsurge in the volume of advertising content individuals consume on a daily basis with the advent of digital media. Digital media advertising is expected to make traditional in-flight advertising techniques obsolete. Personal mobile phone and personal computing enable the advertisers to deliver advertisements to the passengers right to their personal devices which is effective compared to any traditional methods of in-flight advertising. Such advertisements add a dimension of interaction to motion, sight, and sound which is estimated to fuel the market growth over the assessment period.

Moreover, the demand for customization of airline passenger experience is increasing from passengers and airlines owing to the customized lives we lead. For instance, Apple Music’s “For You” and Netflix’s “recommended for you” are offering music list and movies based on an individual’s personal taste. Airlines and in-flight advertising firms are also trying to bring the same concept. This in turn is driving the market for in-flight advertisements. With in-flight advertising market shifting towards targeted advertisers through e-commerce, Wi-Fi connectivity, and live TV services, the airline hardware is likely to become obsolete.

Despite such driving factors, the in-flight advertising Market is anticipated to experience certain setbacks. The problems airlines might face in the coming years is the ability to adapt to the pace at which technological advancements take place every day. Besides, new techniques of advertising might not be fruitful if the hardware required for additional revenue requires to be changed every day. Moreover, the cost associated with publishing the advertisements in different mediums is one of the key challenges faced by the companies.

Global In-Flight Advertising Market Segmentation

The global market for in-flight advertising has been segmented into three key dynamics such as product, aircraft type, and region.
By product: The market has been segmented into display systems, baggage tags, in-flight apps, in-flight magazines, and others such as seatback tray tables, overhead bins, aircraft wrap, and boarding passes.
By mode of aircraft type, the market has been segmented into passenger aircraft and business aircraft.

Regional Analysis:

Asia, an emerging region in the long-haul international market, relies heavily on the small and medium widebody aircraft. As a result, a number of such airlines have been entering into service recently, such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia, which provides lucrative opportunities to in-flight advertising firms in this region. Existence of in-flight advertising firms such as Atin OOH and Maxposure Media Group have also aided the growth of the market in this region. It is expected that by 2035, more than 16,000 aircraft would be delivered in the region, which is expected to positively impact the in-flight advertising market in the Asia-Pacific region.

Similarly, the Middle East & Africa region has been witnessing a phenomenal increase in its economy, of late. The major factors driving the economy of the region, is the increased air travel and the rising tourism. As the region is located at the crossroads of Asia-Africa and Europe, their local airlines, led by Emirates, Qatar Airways, and Etihad Airlines, are well positioned to compete for the air traffic, globally. Due to the rapid increase in the number of aircraft in the region, it is expected that there would be a significant and simultaneous impact on the market.

Likewise, although several Latin American countries are going through a rough economic period, with the shrinking Venezuelan, Argentinian, and Brazilian economies, the air traffic in the region has witnessed steady growth. As a result of the growing tourism in the region, it is expected that approximately 3,000 aircraft would be delivered to the region, by 2035. This is expected to simultaneously surge the development of aircraft, which would eventually drive the growth of the in-flight advertising market.

Intended Audience
• Distributer & Supplier companies
• End Users
• Government as well as Independent Regulatory Authorities

Browse Complete Report @ https://www.marketresearchfuture.com/reports/inflight-advertising-market-5299

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.