Advances in Technologies Widen Market Opportunities for In-Flight Entertainment & Communication Use February 11, 2022
According to a new market report published by Transparency Market Research entitled “In-Flight Entertainment Market (Component – In-flight Entertainment Hardware, Communication System, Connectivity System, and Support Services; Fit – Line Fit and Retrofit; Application – Moving Map System, Audio System, Video System, In-flight Games, and Network Connectivity) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027,” the global In-Flight Entertainment market is expected to reach a value of US$ 11,801.4 Mn by 2027. The market is estimated to expand at a CAGR of 12.7% during the forecast period from 2019 to 2027.
A growing number of carriers of all sizes and hues in the world are investing in complimentary in-flight entertainment systems featuring a range of onboard entertainment experiences, notes Transparency Market Research (TMR). The global in-flight entertainment (IFE) market finds the airlines putting large hopes on the system to generate ancillary revenues and catapult them to better their competitive edge. Domestic passengers in particular are drawn toward these IFE systems. Those on the international flight have been one of the key consumer cohorts in the global inflight entertainment market are opening up new demand potential for a growing array of in-flight video and audio libraries.
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Several airlines in the in-flight entertainment market are expected to bolster their onboard connectivity through collaborations with OTT providers. The move is helping help them offer onboard entertainment experience using passengers’ own devices. They are also partnering with video-on-demand platform providers for domestic flyers. Further, passengers are benefitting from the focus of airlines to aim for scalable and customizable onboard entertainment solutions. Over the past few years, especially in emerging economies, no-frill airlines have jumped on to the bandwagon by including in-flight entertainment options for their flyers.