In-Flight Entertainment Market Set to Reach USD 7.1 Billion by 2024

Posted on 2018-11-01 by Goldstein Research in Aerospace // 0 Comments

New York, USA, 2018-Nov-01 — /EPR Network/ —According to Goldstein Research, global in flight entertainment market size is anticipated to cross USD 7.1 billion by 2024, growing at a CAGR of 12.5% over the forecast period 2016-2024. The increasing expenditure on technology for IFE solutions and the increasing competition among the market players is generating enormous growth of in-flight entertainment market. Global in-flight entertainment market segmentation has been done on the basis of aircraft type, fit, product type and geography. The hardware segment acquires largest market share but it might face declining share over the forecast period as the connectivity has the highest potential to grow because of increasing bandwidth appetite for internet access and other applications. Global in-flight entertainment market is largely dominated by North America with a market share of 45.0% in 2016.

Moreover, Asia-Pacific is the next fastest growing in flight entertainment market after North America, growing annually at an average growth rate of 4.7%, owing to the expected increase in number of travelers i.e. 5.6 billion travelers by 2024, from 3.8 billion in 2016 and so there will be an increase in the number of aircrafts and in-flight entertainment system market.

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-in-flight-entertainment-market-report

Market Segmentation

On the basis of our in-depth analysis, Global In-Flight Entertainment Market can be segmented as follows:

By Aircraft Type

Commercial Aircrafts
Business Jets
Helicopters and Light Aircrafts

By Fit

Linefit
Retrofit

By Product Type

Hardware
Connectivity & communication
Content

By Region

North America In-Flight Entertainment Market Analysis, 2016-2024
Europe In-Flight Entertainment Market Analysis, 2016-2024
Middle East And Africa In-Flight Entertainment Market Analysis, 2016-2024
Latin America In-Flight Entertainment Market Analysis, 2016-2024
Asia Pacific In-Flight Entertainment Market Analysis, 2016-2024
Rest Of The World In-Flight Entertainment Market Analysis, 2016-2024

Browse Full Report: https://www.goldsteinresearch.com/report/global-in-flight-entertainment-market-report

“Global In-Flight Entertainment Market Outlook 2024” contains a detailed overview of the global in-flight entertainment market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by aircraft type, fit, product type and geography.

The Global In-Flight Entertainment Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of in-flight entertainment market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global in-flight entertainment market discussed in the report are: Panasonic Avionics Corporation, Thales Group, Global Eagle Entertainment Inc., Gogo LLC, Honeywell International Inc., Lufthansa Systems AG, Zodiac Aerospace, ViaSat Inc., OnAir, FDS Avionics Corp., CabinnetAkkurt, Desko, Adaptive, Avid Products Inc., Newpro Asia ltd., ECR Retail Systems ltd.,etc.

Further, Global In-Flight Entertainment Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The In-Flight Entertainment Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, USP Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Industry Analysis on the basis of Aircraft Type

Commercial Helicopter Market

Commercial helicopters perform wide range of missions from emergency medical services to commercial air transport to the laying of power lines to navigation and surveillance. Analyst forecast that the global commercial helicopter market size is set to reach USD 34.6 billion by 2025, growing at a CAGR of 2.6% over the forecast period.

In Flight Entertainment Market is driving on the basis of advancement in branches of aviation mention below

Aircraft Cabin Interiors Market

According to the report, major driving factor for the expansion of the global aircraft cabin interiors market is the growing number of air passenger traffic and their improved affordability has created demand for comfortable and luxury cabin interiors, like demand for the in-flight entertainment system.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on aviation industry analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.