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WESTFORD, United States, March 2, 2023 (GLOBE NEWSWIRE ) — North America is expected to maintain its Inflight Entertainment System Market during the forecast period. The expansion of the market is attributed to the increasing market adoption level of in-flight entertainment systems. Some airlines, including Continental and American, have invested in entertaining passengers through Wi-Fi or tablet rentals. Furthermore, the market will continue to grow as in-flight entertainment technologies develop and expand. Rising number of business and leisure travelers with the advent of private and commercial aircraft and their increasing reliance on electronic devices is expected to increase the demand for in-flight entertainment products. To improve the travel experience for customers, airlines are deploying the most modern services intensively.
SkyQuest further predicts that increasing number of air passengers globally and growing tourism industry will aid the market growth. It also noted that the U.S. air transport sector, including airlines, and their distribution networks contribute $642 billion to the country’s GDP. The country’s GDP was boosted by foreign tourist spending by $138.1 billion, for a total of $780 billion. Investment in the air transport sector and foreign tourists arriving by air accounted for 4.21% of the country’s GDP.
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Browse in-depth catalogs on In-flight entertainment system market”
Pages – 225
Table – 117
Number – 73
The flight experience includes in-flight entertainment (IFE). It provides passengers with a superior in-flight experience by displaying a large selection of information and digital entertainment on high-definition screens. In-flight entertainment systems present an opportunity to increase customer satisfaction and loyalty.
prominent players in In-flight entertainment system market
- Anuvu Operations LLC (USA)
- Astronics Corporation (USA)
- Burrana Pty Ltd (Australia)
- Collins Aerospace (USA)
- FDS Avionics (USA)
- Global Eagle Entertainment, Inc. (USA)
- Gogo LLC (USA)
- Honeywell International Inc. (USA)
- Iridium Communications Corporation (USA)
- Lufthansa Systems GmbH & Co. KG (Germany)
- Panasonic Avionics Corporation (USA)
- Saffron (French)
- Thales Group (France)
- Viasat, Inc. (USA)
- Sitaonair (Switzerland)
- SmartSky Networks, LLC (USA)
The IFE hardware segment will dominate the market growth owing to increasing product launches
The IFE hardware part will occupy more than 30% of the market share in 2021, becoming the most profitable part of future investment. The global inflight entertainment system market IFE hardware sub-category has seen increasing product launches owing to the segmental expansion of the market. Airlines can use in-flight entertainment (IFE) hardware to upload, store and deliver multimedia services to the IFE system.
SkyQuest notes that All Nippon Airways (ANA) and Safran Passenger Innovations (SPI) are rolling out Safran’s latest software platform, RAVE OS, on the Boeing 787-9 Dreamliner. With features like pinch-to-zoom, picture-in-picture, and multitasking options, RAVE OS offers a modern user interface in sync with the latest consumer technology products. Additionally, RAVE OS has the potential to run third-party programs, play 4K video, and provide a fully immersive audio experience in the cabin.
The in-flight entertainment system market in North America is expected to gain the largest market share during the forecast period. There have been major improvements and developments in the in-flight entertainment system. Consumer electronics is progressing through trends such as provision of in-flight broadband and commoditization of hardware, which are contributing to the rapid adoption of the smart device paradigm in the region. Some of the most well-known and important companies in the region are focusing on incorporating VR and AR into in-flight entertainment and aiming to offer passengers a completely unique experience through virtual reality. Therefore, all these factors are estimated to drive the market growth.
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Satellite connectivity segment to gain significant market share owing to growing demand for higher frequency and bandwidth
The satellite connectivity segment gained over 40% market share in 2021 and is also expected to gain significant market revenue during the forecast period. The segmental expansion of the market is related to the many advantages of satellite connectivity, including high frequency and greater bandwidth. The segmental expansion of the market is also influenced by the growing inclination of players towards satellite connectivity and the increase in satellite launches across the globe during the forecast period.
During SkyQuest’s research, it was found that no global infrastructure would be complete without satellites, which enable us to utilize GPS, access the Internet and support Earth science research and entertainment related purposes. Of the 2,665 active satellites orbiting the Earth in April 2020, 1,008 were used for communications. More than 445 satellites are used for Earth observation, while about 96 are used for GPS/navigation.
Furthermore, the in-flight entertainment system market in Asia Pacific is expected to register the highest revenue during the forecast period. The growth of the market can be attributed to rising disposable income and improving living standards of the people. With these two things, people in the region are paying more attention to comfort and they are ready to spend more on comfortable and time-saving modes of transportation such as airlines, which in turn is expected to drive the market growth. Moreover, increasing investments by governments and key market players to develop more innovative and modern passenger aircrafts is expected to support market expansion in the coming years.
In today’s competitive marketplace, businesses are always looking for ways to outperform their competitors. This often requires forming strategic alliances, acquiring companies, merging companies, and exploring joint ventures to increase its market share and strengthen its position in the industry. SkyQuest’s latest research provides invaluable information for both existing companies and new competitors trying to break into the Inflight Entertainment Systems market.
major development of In-flight entertainment system market
- In May 2022, Excellium strengthened its cybersecurity business with investment management firms Sonae and Thales Inc. France reached an agreement to acquire S21SEC. This completes the Thales cybersecurity portfolio.
- In May 2022, American aerospace company Collins Aerospace installed an advanced vision system on a Boeing 737, a groundbreaking device that was considered a major achievement.
- Australian airline Qantas is offering VR headsets to its customers on several routes. Passengers saw brand new movies and Qantas merchandise.
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Key questions answered in In-flight entertainment system market research report
- What is the size and growth rate of the target market now and in the future?
- What are the main reasons driving the expansion of the global market and what are the main obstacles holding it back?
- What are the future growth prospects of the market? How has the US market performed in the past?
- Who are the top contenders in the market, and how competitive is the industry?
- Which market trends are influencing future growth and development?
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