Over $ 347 Million Development in In-flight Leisure Programs Market 2020-2024 | Rising Pattern of BYOD Aboard Plane to Emerge as Key Pattern

NEW YORK, March 8, 2021 / PRNewswire / – The global in-flight entertainment systems market is expected to grow $ 347.17 million in the period 2020-2024 with a CAGR of over 1%. The report provides an up-to-date analysis of the current market scenario, the latest trends and drivers, as well as the overall market environment.
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Aircraft Entertainment Systems Market by Product & Geography – Forecast and Analysis 2020-2024

Effects of COVID-19
The COVID-19 pandemic continues to change the growth of various industries, but the immediate effects of the outbreak are different. While some industries will see a decline in demand, many others remain unscathed and have promising growth opportunities. COVID-19 will have a huge impact on the in-flight entertainment systems market.

Frequently asked Questions:

  • What is the leading segment in the market based on segmentation by product?
    Based on the product, the market saw maximum growth in the hardware segment in 2019.

  • What are the main trends in the market?
    The growing trend of BYOD on board aircraft is the main trend in the market.

  • At what speed should the market grow?
    The market is expected to grow by more than 1% in the period 2020-2024.

  • Who are the top players in the market?
    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 the main players in the market.

  • What are the main market drivers and challenges?
    The market is being driven by increasing air passenger traffic. However, the high costs associated with network technologies and connectivity hardware could challenge growth.

  • How big is the APAC market?
    APAC dominated the market with a 48% share in 2019.

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The market is concentrated and the level of concentration will accelerate over the forecast period. 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 some of the key market players. Although the increase in air passenger traffic offers enormous growth opportunities, the high costs associated with network technologies and connectivity hardware are likely to present a challenge for market providers. This In-Flight Entertainment Systems market forecast report offers a detailed analysis of the leading market vendors to assist players in strengthening their market position. The report also provides industry honors information on the competitive landscape and insights into the various product offerings from different companies.

Technavio’s custom research reports provide detailed insights into the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This customized report will also help customers keep pace with new product launches in direct and indirect COVID-19-related markets, upcoming vaccines and pipeline analysis, and significant vendor and regulatory developments.

In-flight Entertainment Systems Market 2020-2024: Segmentation

The In-Flight Entertainment Systems Market is segmented as follows:

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In-flight Entertainment Systems Market 2020-2024: Scope

Technavio provides a detailed picture of the market through the study, synthesis and summary of data from multiple sources. The In-flight entertainment systems market The report covers the following areas:

  • In-flight entertainment systems market size

  • In-flight entertainment systems market trends

  • In-flight entertainment systems market analysis

This study identifies the growing trend of BYOD on-board aircraft as one of the main drivers of the growth of the in-flight entertainment systems market over the next several years.

Technavio proposes three forecast scenarios (optimistic, likely and pessimistic) that take into account the effects of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacts on market research reports.
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In-Flight Entertainment Systems Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will support the growth of the Aircraft Entertainment Systems market over the next five years

  • Estimation of the market size of in-flight entertainment systems and their contribution to the parent market

  • Predicting upcoming trends and changes in consumer behavior

  • The growth of the in-flight entertainment system market across Europe North America, APAC, Europe, MEA and South America

  • Analysis of the competitive landscape of the market and detailed information on providers

  • Full details on factors that will challenge the growth of in-flight entertainment system providers

Contents:

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market size

Five forces analysis

Market segmentation by product

  • Market segments

  • Product comparison

  • Hardware Market Size and Forecast 2019-2024

  • Connectivity – Market size and forecast 2019-2024

  • Content – Market size and forecast 2019-2024

  • Market opportunity by product

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • MEA – Market Size and Forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • Major leading countries

  • Market opportunity by geography

  • Market drivers – demand-driven growth

  • Market challenges

  • Market trends

Supplier landscape

  • Sales landscape

  • Landscape disturbance

Supplier analysis

  • Provider covered

  • Market positioning of providers

  • Burrana Pty Ltd.

  • FDS Avionics Corp.

  • Global Eagle Entertainment Inc.

  • GOGO LLC

  • Honeywell International Inc.

  • Inmarsat Group Ltd.

  • Panasonic Corp.

  • Saffron SA

  • Thales group

  • Viasat Inc.

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