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In-Flight Entertainment Market to Touch US$6.4 Billion Due to Advanced Technologies & Long Flight Durations - TMR
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In terms of component, the demand for in-flight entertainment hardware has significantly grown in the past few years and is projected to hold a larger share in the market. This segment is expected to beg a value of US$3.4 bn by the end of the forecast period. Based on geography, North America might lead the global in-flight entertainment market in the near future due to rapid growth in international and domestic travels. However, Asia Pacific is also expected to contribute significantly in this market due to rapid economic development taking place in emerging economies such as India and China.
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Globally, traveling on flights has increased at a significant rate in the past couple of years. Increasing international and domestic travel, business tours, and medical travel has seen skyrocketing growth from the starting of this decade. In addition, advancement in connectivity technologies, growing preference for air travel, and supportive policies to use personal electronics device onboard further augmented demand in the in-flight entertainment market.
Moreover, adoption of advanced technology has played a crucial role in expanding the growth in the in-flight entertainment market, as aircraft carriers are now integrated with video and audio devices. Presence of newer airliners with modern equipment and state of art infrastructure has also provided a fillip in this market.
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The global in-flight entertainment market is anticipated to grow at a significant rate in the projected tenure, but there are some challenges associated that might strict market to grow at full potential. One of the major concern is related to the privacy of data that is being collected through wireless communication and connectivity services. Another challenge is related to the high cost of using networking technologies and connectivity hardware. However, key stakeholders in the market are making persistent efforts to overcome these challenges by introducing advanced and new techniques, but until then these factors will barricade the smooth growth of this market.
The information presented in this review is based on a TMR report, titled, "In-flight Entertainment Market (Component - In-flight Entertainment Hardware, Communication System, Connectivity System, and Support Services; Fit - Line Fit and Retrofit; Application - Moving Map System, Audio System, Video System, In-flight Games, and Network Connectivity) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022."
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o U.S.
o Canada
o U.K.
o Italy
o Spain
o France
o Germany
o Rest Of Europe
o China
o India
o ASEAN
o Rest Of Asia Pacific
o Brazil
o Mexico
o Rest of South America
o GCC
o South Africa
o Rest of MEA
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