Technavio has been monitoring the in-flight entertainment systems market, operating under the communication services industry. The latest report on in-flight entertainment systems market, 2020-2024 estimates it to register an incremental growth of USD 347.17 mn, at a CAGR of over 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Burrana Pty Ltd., FDS Avionics Corp., Global Eagle Entertainment Inc., GOGO LLC, Honeywell International Inc., Inmarsat Group Ltd., Panasonic Corp., Safran SA, Thales Group, and Viasat Inc. are among some of the major market participants.
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Increasing air passenger traffic has been instrumental in driving the growth of the market. However, the high costs associated with networking technologies and connectivity hardware might hamper market growth.
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In-flight Entertainment Systems Market 2020-2024: Segmentation
In-flight Entertainment Systems Market is segmented as below:
Based on geographic segmentation, over 48% of the market's growth originated from APAC during the forecast period. In addition, the hardware segment led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the in-flight entertainment systems market size.
In-flight Entertainment Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The in-flight entertainment systems market report covers the following areas:
This study identifies the growing trend of BYOD aboard aircraft as one of the prime reasons driving the in-flight entertainment systems market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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In-flight Entertainment Systems Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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