In-flight Entertainment Market is Envisaged to Rise at a CAGR of?12.7%
Posted by RASHMI on March 27th, 2019
The global in-flight entertainment market is projected to receive telling growth prospects owing to a large demand for amusement devices for long distance flights to make time-consuming journeys enjoyable and comfortable. Excellent audio and video services are offered by aircraft carriers today to provide amusement for air passengers.
Changing consumer pattern and technological development could be key for the demand for in-flight entertainment services. New airliners offering state-of-the-art infrastructure and modern in-flight entertainment equipment are foretold to augur well for market growth. In-flight entertainment could also be engaged by advertisement companies to create brand awareness through photographs and television commercials.
The global in-flight entertainment market, as noted by Transparency Market Research (TMR), is envisaged to rise at a CAGR of 12.7% between 2017 and 2022 to attain a valuation of US.4 bn by the final forecast year. In 2017, it was valued at a US.5 bn.
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The world in-flight entertainment market is predicted to be classified into in-flight entertainment hardware, communication system, connectivity system, and support services as per a segmentation by component. Out of these, the market could witness the lead secured by in-flight entertainment hardware. By 2022 end, it could bag a valuation of US.4 bn. It is expected to rise annually with an absolute growth of US--content--.3 bn, which could be larger than that of other segments in the component classification. In 2017, it gained a market share of 47.9%.
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About the AuthorRASHMI
Joined: February 27th, 2019
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