In-flight Entertainment Market Analysis and Forecast to 2027 - Burrana (Digecor), Honeywell International, Thales Group

According to the new research report published by The Insight Partners, titled "In-flight entertainment - Global Analysis and Forecast to 2027", The Global In-Flight Entertainment Market is expected to reach US$ 12,419.7 million in 2027, registering a CAGR of 10.8% during the forecast period 2019-2027.

In 2018, North America accounted for the largest share in the in-flight entertainment market. APAC region is expected to be the fastest growing region in the in-flight entertainment market. The demand for in-flight entertainment is anticipated to be robust, and will highly impact the choice of airlines. This trend is particularly to be witnessed in China, where the majority of the passengers believe that in-flight entertainment services would be among their priority to choose airlines.

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Market Insights
Continuous increase in the air transport
The pace of expansion of commercial aviation across the globe is significant in recent times. Owing to the continuously rising disposable income among the population in developing and developed regions across the globe, the demand for air travel is also increasing at a similar pace. Pertaining to significant growth of commercial air traffic, the airlines are ordering more technologically advanced aircraft. The rising number of passengers across the globe are demanding various parameters to make flight hours more exciting and comfortable. In-flight entertainment is one of the key trends among the full-service carriers as well as low-cost carriers. Continuous increase in the air transport would ultimately help the in-flight entertainment market to prosper.

Refurbishment in Existing Aircraft
The global airspace is experiencing huge demand for air travel in terms of commercial aircraft. This is leading the airlines to procure latest aircraft as well as adopt new and robust technologies in order to modernize the existing aircrafts. Modernization of existing commercial aircraft is a major trend prevailing in the aviation industry at present. The trend is expected to surge over the period leading to huge opportunity for the aircraft component manufacturers. The manufacturers are designing and manufacturing advanced entertainment systems, which is increasing the interest among the commercial aircraft manufacturers.

Aircraft Type Insights
The global in-flight entertainment market by aircraft type is led by narrow body aircraft. Rest of the aircraft body considered in the in-flight entertainment market includes wide body aircraft and business jets.

Product Type Insights
The in-flight entertainment market by product type is segmented into hardware, connectivity & communication, and content. Moreover, majority of the airlines have fitted seatback screen to entertain their passengers, however, with rising technological innovations and adoptions, the airlines nowadays are shifting to wireless IFE and mobile IFE systems. Apart from seatback screens, several other in-flight entertainment system hardware include; wired & wireless controls, cabin wireless access points, IFEC URLs, IFE servers, IFE content loaders, IFEC modem managers, IFE in seat power units, SeatBack screens, and many more.

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Strategic Insights
New market initiatives was observed as the most adopted strategy in global in-flight entertainment market. Few of the recent market initiatives are listed below:

2019: Gogo Inc. and Phasor announced their development partnership has achieved its initial core-technology performance objectives and will progress to the productization phase. During the next phase, the technology is expected to be packaged as an airborne terminal to address the commercial aviation market. Phasor is pleased to partner with GOGO Inc. so that together they may address the growing demand for communications in the aeronautical broadband sector.
2018: PAC introduced new Innovation Studios at key centers across the globe. This new center will influence the cloud-based infrastructure for enhance its collaboration, strengthening its partner eco-system, and maintaining the range of value-added services company offer to their airline customers. Through this the user can get the maximum value from their inflight entertainment and connectivity (IFEC) investments.
2017: Thales announced on December 2017, that it will acquire digital security vendor Gemalto in a deal valued at 4.8 billion euros, or $5.6 billion. Gemalto was pursued by French firm Atos, which announced its intention to acquire Gemalto on December 2013. Atos offered 46 euros per Gemalto share, while Thales is offering 51 euros per Gemalto share.

GLOBAL IN-FLIGHT ENTERTAINMENT MARKET SEGMENTATION

Global In-Flight Entertainment Market - By Fit Type
o Line Fit
o Retrofit

Global In-Flight Entertainment Market - By Aircraft Type
o Narrow Body Aircraft
o Wide Body Aircraft
o Business Jets

Global In-Flight Entertainment Market - By Product Type
o In-Flight Entertainment Hardware
o In-Flight Entertainment Connectivity & Communication
o In-Flight Entertainment Content

Global In-Flight Entertainment Market - By Geography
o North America
o U.S.
o Canada
o Mexico
o Europe
o France
o Germany
o UK
o Spain
o Rest of Europe
o Asia Pacific (APAC)
o China
o India
o Japan
o Rest of Asia Pacific
o Middle East and Africa
o South Africa
o Saudi Arabia
o UAE
o Rest of Middle East and Africa
o South America
o Brazil
o Rest of South America

Company Profiles
o Burrana Inc. (Digecor, Inc.)
o Honeywell International Inc.
o Thales Group
o Viasat, Inc.
o Deutsche Lufthansa AG
o Safran Aerosystems
o Panasonic Corporation (Panasonic Avionics Corporation)
o Astronics Corporation
o Global Eagle Entertainment Inc.
o Gogo, LLC

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Pune, India

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.