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Over $ 347 Million Growth in In-flight Entertainment Systems Market 2020-2024 | Growing Trend of BYOD Aboard Aircraft to Emerge as Key Trend


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.
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In-flight Entertainment Systems Market by Product and Geography – Forecast and Analysis 2020-2024

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:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44404

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 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:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

Five Forces Analysis

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

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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

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