Worldwide wireless in-flight entertainment (W-IFE) market is foreseen to accumulate around US $3,638 billion by the year 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 2017-2026.
The global wireless in-flight entertainment market has been expanding due to the escalating trend of BYOD. The increasing preferences of people towards using their own devices onboard has also supplemented the W-IFE market growth. The services offered by these W-IFE systems can be easily accessed on the personal devices of passengers, and the portable media interface devices provided by the airlines.
Speaking of the product spectrum, the global W-IFE market is bifurcated into embedded IFE, overhead IFE, portable IFE, and wireless IFE. Depending on the fitment segment the market is classified into Linefit and retrofit, and the retrofit segment is poised to become the fastest growing segment over the projected timeline, on account of the ascending adoption of retrofit W-IFE systems by the airlines as it helps in lowering overall flight weight and improving the profit margin, besides providing enhanced passenger experience.
Based on the hardware spectrum, the global market is segmented into IFE systems, modems, display units, WAPs, and others. The technology gamut of the global market can be bifurcated into Ka-Band, Ku-Band, ATG, and L-Band. On the basis of aircraft types, the market is segmented into wide-body and narrow-body. The findings of the report reveal that the narrow-body aircraft segment will dominate the global market over the forecast timeline.
Segmental growth is attributed to the burgeoning demand for narrow-body aircraft for shorter flight routes. The report further cites that the regional jet segment would expand vigorously throughout the projected timeframe, given that the airlines worldwide are equipping their regional jet fleets with the W-IFE systems.
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As per the data compiled by market researchers, North America has emerged to be the leading market for W-IFE systems, owing to people’s high spending ability for air travels which boosts the demand for improved passenger experience. The airline industry in Asia Pacific region is also witnessing immense growth owing to the aforementioned factors. Also, since the airline industry in the region is highly competitive, the aircraft companies operating in the region are investing significantly in order to provide advanced technology for boosting passenger experience.
The global wireless in-flight entertainment market is highly competitive, where every player has been striving to strengthen its global footprint. The leading companies operating in this business space include Lufthansa Systems GmbH, Bluebox Avionics Ltd., Panasonic Corporation, Zodiac Aerospace SA, Gogo Inc., Thales Group S.A., Inflight Dublin Ltd, SITA OnAir, BAE Systems PLC, and Rockwell Collins Inc.
The latest report provides a deep-dive analysis of the global wireless in-flight entertainment market drivers, restraints, and opportunities which would possibly influence the commercialization scope of this business sphere over the forecast period. The industry analysis included in the report takes into account Porter's five forces, which are the degree of competition, the bargaining power of the supplier, bargaining power of the buyer, the threat of substitute, and the threat of new entrant.