NEW YORK, March 8, 2021 /PRNewswire/ -- The global in-flight entertainment systems market is poised to grow by USD 347.17 mn during 2020-2024, progressing at a CAGR of over 1%. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. For more details, Get a Free Sample Report Delivered Instantly
Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the in-flight entertainment systems market.
Frequently Asked Questions:
Based on segmentation by product, which is the leading segment in the market? Based on the product, the market saw maximum growth in the hardware segment in 2019.
What are the major trends in the market? The growing trend of BYOD aboard aircraft is the major trend in the market.
At what rate is the market projected to grow? The market is projected to grow at a CAGR of over 1% during 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 key players in the market.
What are the key market drivers and challenges? The market is driven by increasing air passenger traffic. However, the high costs associated with networking technologies and connectivity hardware might 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 degree of concentration will accelerate during 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 major market participants. Although the increasing air passenger traffic will offer immense growth opportunities, high costs associated with networking technologies and connectivity hardware are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this in-flight entertainment systems market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
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.
In-flight Entertainment Systems Market 2020-2024: Segmentation
In-flight Entertainment Systems Market is segmented as below:
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. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
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 across North America, APAC, Europe, MEA, and South America
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:
Value chain analysis
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 Segmentation by Product
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
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 positioning of vendors
Burrana Pty Ltd.
FDS Avionics Corp.
Global Eagle Entertainment Inc.
Honeywell International Inc.
Inmarsat Group Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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