DUBLIN--(BUSINESS WIRE)--The "In flight Entertainment and Connectivity Market - Growth, Trends and Forecasts (2018-2023)" report has been added to Research and Markets' offering.
The global market for in flight entertainment is expected to touch $4.98 billion by 2020 from $3.12 billion in 2015 at an estimated CAGR of 9.80% over the forecasted period.
With all the major airline carriers trying to distinguish themselves from their competitors by offering better luxury and entertainment experience to their flyers, the market for in flight entertainment is expected to boast a bright prospect over the coming 5 years.
Major hurdle for the market is that many carriers, in order to save on running and equipment costs, have removed the infotainment systems in favor of providing Wi-fi and Internet streaming services. Low cost and mid tier airlines are the ones, which are strongly opting for this option. But many full service carriers especially in Middle East and Asia Pacific, where there is high preference for infotainment systems, have upgraded their systems and are planning to spend large sums of money on the same.
Further, rising disposable incomes and growing business travel will make the in flight entertainment systems as a standard offering, acting as a major propellant for the global IFE market.
Being the global leader in passenger jet sales, North America is also the market leader for in flight entertainment and connectivity systems in the global scenario. However, the market in Asia Pacific region is expected to witness a faster growth rate due to growing number of flyers and subsequent competition among the airline carriers.
Key Topics Covered:
1. Key Findings of The Study
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. In Flight Entertainment and Connectivity Market
6. Competitive Landscape
7. Key Vendor Profiles
8. Investment Analysis
9. Future of In Flight Entertainment and Connectivity Market
- Utc Aerospace Systems
- Thales Group
- Panasonic Avionics Corporation
- Digecor Inc
- Gee Media
For more information about this report visit https://www.researchandmarkets.com/research/8m5r3t/in_flight