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In-flight Entertainment Systems Market Growth Will Accelerate due to Increasing Air Passenger Traffic | Technavio

LONDON--(BUSINESS WIRE)--Oct 29, 2020--

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201029005939/en/

Technavio has announced its latest market research report titled Global In-flight Entertainment Systems Market 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.Download Latest Free Sample Report on COVID-19 Analysis

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.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

In-flight Entertainment Systems Market 2020-2024: Segmentation

In-flight Entertainment Systems Market is segmented as below:

  • Product
    • Hardware
    • Connectivity
    • Content
  • Geography
    • North America
    • APAC
    • Europe
    • MEA
    • South America

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:

  • In-flight Entertainment Systems Market Size
  • In-flight Entertainment Systems Market Trends
  • In-flight Entertainment Systems Market Industry Analysis

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

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist in-flight entertainment systems market growth during the next five years
  • Estimation of the in-flight entertainment systems market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the in-flight entertainment systems market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of in-flight entertainment systems market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • 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

  • 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
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Burrana Pty Ltd.
  • FDS Avionics Corp.
  • Global Eagle Entertainment Inc.
  • GOGO LLC
  • Honeywell International Inc.
  • Inmarsat Group Ltd.
  • Panasonic Corp.
  • Safran SA
  • Thales Group
  • Viasat Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201029005939/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: ENTERTAINMENT AIR TECHNOLOGY TRANSPORT GENERAL ENTERTAINMENT AUDIO/VIDEO

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/29/2020 10:00 PM/DISC: 10/29/2020 10:01 PM

http://www.businesswire.com/news/home/20201029005939/en

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