2024 Global Wireless In-Flight Entertainment Market Size, Share, Trends And Growth Analysis Report | Covia Holdings Corporation, Panasonic Avionics Corporation, Rockwell Collins Inc.

"The wireless in-flight entertainment market size has grown rapidly in recent years. It will grow from $1.85 billion in 2023 to $2.15 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to shift towards streaming services, consumer demand for connectivity, initial regulatory changes, rise in mobile device usage, evolving passenger expectations, competition among airlines..

The wireless in-flight entertainment market size is expected to see rapid growth in the next few years. It will grow to $3.74 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to demand for enhanced security, iot integration, partnerships with content providers, personalized content delivery, integration of virtual reality (vr) and augmented reality (ar), rise in on-demand services.. Major trends in the forecast period include advancements in connectivity, demand for personalization, integration of streaming platforms, enhanced passenger experience, connectivity cost reduction..

Market Overview -
Wireless in-flight entertainment refers to a system for wireless content distribution to passengers' devices. It benefits the customers by providing information on the travel path, onboard menu and operational recommendations, and other relevant inputs.

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Rising Passenger Numbers Propel The Wireless In-Flight Entertainment Market To New Heights
Growth in the number of passengers is expected to boost the growth of the wireless in-flight entertainment market going forward. Air passengers include domestic and international aircraft passengers of air carriers registered in the country traveling in it from one destination to another. Wireless in-flight entertainment systems enable hassle-free internet access, browsing, video streaming, and other activities on passenger devices while flying. For instance, in March 2022, according to the International Air Transport Association (IATA), a Canada-based association, there will be 4.0 billion passengers worldwide in 2024 (including multi-sector connecting flights as one passenger), reaching pre- COVID-19 levels (103% of the amount for 2019). The total number of travelers in 2021 was 47% higher than in 2019, and in 2022, 83% are anticipated, followed by 94% in 2023, 103% in 2024, and 111% in 2025. Furthermore, in April 2022, according to Bureau of Transportation Statistics, a US-based government agency, US airlines carried 54.5 million scheduled service passengers, 106% more than in February 2021. Therefore, growth in the number of passengers is driving the growth of the wireless in-flight entertainment market.

Competitive Landscape -
Major companies operating in the wireless in-flight entertainment market report are Covia Holdings Corporation, Panasonic Avionics Corporation, Rockwell Collins Inc., SITA AG, Zodiac Aerospace, Astronics Corporation, Burrana Pty Ltd., Collins Aerospace, FDS Avionics Corp., Global Eagle Entertainment Inc., Gogo LLC, Honeywell International Inc., Lufthansa Systems GmbH & Co. KG, Thales Group, Viasat Inc., Inmarsat plc, Sitaonair SA, Bluebox Aviation Systems Ltd., digEcor Inc., Lumexis Corporation, Kontron AG, Lufthansa Technik AG, Spafax Group Inc., VT Miltope LLC, AirFi Co., BAE Systems, Eutelsat Communications SA, Global Onboard Partners LLC, Immfly Group, SmartSky Networks LLC .

Technological Advancements Revolutionizes In-Flight Entertainment
Technological advancements have emerged as the key trend gaining popularity in the wireless in-flight entertainment market. Major companies operating in the wireless in-flight entertainment market are developing innovative technologies to strengthen their position in the market. For instance, in November 2021, Airbus, the France-based aerospace company, launched the ACJ Smart LiFi Monitor. This new technology, developed in collaboration with Latecoere, is meant to be a simple plug-and-play solution. It is a smart 4K monitor with Wi-Fi, Bluetooth, and LiFi networking capabilities. LiFi (light fidelity) is a new wireless communication technology that transfers data by light. It has feature including HDMI connections, USB-C connectors, 3G-SDI input, and analog and digital audio output. Among the capabilities are AVOD (audio video on demand), casting, mirroring, a web browser, live TV, a moving map, and its own built-in video conferencing.

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Key Segments -
The wireless in-flight entertainment market covered in this report is segmented -
1) By Aircraft Type: Narrow-Body, Wide-Body, Regional Jet
2) By Fitment Type: Retrofit, Line Fit
3) By Hardware: Antennas, Wireless Access Points, Modems, Other Hardware
4) By Technology: ATG, Ku-Band, L-Band, Ka-Band

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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