July 16, 2019
World In-flight entertainment and connectivity market is estimated to reach $9.09 billion by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
As per the report, advancement in innovative wireless solutions and upsurge in BYOD trend is expected to impel in-flight entertainment and connectivity market growth. Moreover, the development in commercial aviation, as well as fleet expansion, will further propel the demand for in-flight entertainment.
Also, increasing availability of HD content throughout various platforms is estimated to bolster market demand over the ensuing years. However, the imposition of administrative regulations for incorporation of such technologies into aircraft in numerous developed regions such as the US would deter market development. Such regulations restrict the addition of in-flight entertainment and connectivity systems up to a certain degree for guaranteeing safe travel due to fewer risks of accidents associated with weight and wiring of in-flight entertainment and connectivity systems. Also, high prices associated with content services and procurement can impede market growth in the future.
Moreover, the launch of high throughput satellites within Ku Band and Ka Band has offered new opportunities to manufacturers of In-Flight Entertainment and Connectivity Market, since these innovations are expected to result in the extension of data speeds for connectivity, making the service more economical. Also, due to the burgeoning competition in the airline industry, key players operating in the market are implementing cabin connectivity, leading to increasing adoption of in-flight entertainment and connectivity systems by other market players, in a bid to retain their status in the in-flight entertainment and connectivity market.
In terms of geographical growth, the Asia Pacific and North America market is poised to witness considerable demand for narrow-body airplanes due to rising air traffic and increasing affordability of air travel.
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Hence, with an upturn in air traffic, the airline industry is turning highly competitive while depicting high demand for in-flight entertainment and connectivity systems by airline companies. Moreover, high flight connectivity in regions like the US and Canada has positioned North America as a strong regional contender in the global market, followed by Europe. Meanwhile, the Asia Pacific market is expected to achieve the highest CAGR over the forecast period.
The competitive landscape of the global in-flight entertainment and connectivity market includes well-known players such as GoGo, Panasonic Avionics, Global Eagle Entertainment, OnAir, Inmarsat, Honeywell, Zodiac Aerospace, Thales, Rockwell Collins, and Echostar Corporation among others. These companies are adopting effective growth strategies such as mergers and acquisitions with an aim to improve service portfolio paired with the provision of high-speed at reasonable prices. Moreover, companies are also increasingly focusing on product development.
The report also delivers a comprehensive analysis of in-flight entertainment and connectivity market drivers, restraints, and opportunities over the estimated timeline. An in-depth analysis of the market in terms of product, aircraft, and regional landscape is also included in the report. In addition to this, company profiles of market majors have been documented in the report under business overview, product benchmarking, financials, and recent developments.