Global In-flight Entertainment & Connectivity Market - Segmented by Product Type, Fit Type, Class and Geography - Analysis of Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||353562|
|出版日||ページ情報||英文 104 Pages
|世界の機内エンターテインメント・コネクティビティ市場：成長、動向、課題 Global In-flight Entertainment & Connectivity Market - Segmented by Product Type, Fit Type, Class and Geography - Analysis of Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年05月15日||ページ情報: 英文 104 Pages||
世界の機内エンターテインメント市場は、2015年の31億2千万米ドルから、2020年までに49億8千万米ドルに達し、CAGR (複合年間成長率) で9.80％の成長が予測されています。
In 2017, the global in-flight entertainment & connectivity market was estimated at a value of about USD 3.76 billion, which is likely to register a CAGR of about 7.88% over the forecast period.
Value Addition by Airlines
The rate of adoption for low-cost carriers is expanding at a fast pace in the airline industry. Airlines offer minimal passenger amenities and aim to squeeze in as many seats as possible, in order to maximize the revenue per trip. Many profitable airlines in the world, such as Southwest Airlines, Ryan Air, and Indigo, are low-cost carriers. At present, low-cost carriers occupy 1/4th of the global airline industry, which are well on their way to occupy 1/3rd of the share in a few years. Hence, passengers who pay a substantial amount of money per ticket, to travel via full-cost airlines, expect facilities, like in-flight catering
Moreover, even the regular passengers of full-cost airlines sometimes shift toward the low-cost ones because of the reduced fares and little difference in amenities offered. This has been witnessed in the Indian aviation sector, where even high-income passengers are observed to shift to Indigo from full-service carriers, like Jet Airways and Air India. These carriers that used to equip infotainment systems on their aircraft up till 4-5 years ago, now have removed these systems from their domestic services. As a result, the only major difference that remains between them and low-cost airlines is the meal that is provided. Thus, full-cost airlines are experiencing the crunch in the form of lower load factors than low-cost carriers.
On-demand Internet Streaming Media Providers fueling the IFEC market
Installing IFE screens aboard passenger jets is an expensive affair in terms of, both, the cost incurred and added expenses, and by the way of added weight and excess usage of fuel.
As the majority of passengers carry their own devices onto the plane, some airline carriers, such as JetBlue and American Airlines, have started to invest in entertainment options that stream directly to personal devices. This trend is rising at a fast pace, as a preferred option for low-cost carriers, which have seen a significant decrease in weight and cost incurred during adoption. This is seen as a good workable alternative for carriers that operate on tight budgets. Passengers are entertained, at a fraction of traditional costs to airlines.
These services are anticipated to become widespread and more expansive over the coming years. Recently, Netflix, an on-demand internet streaming media provider, tied up with Virgin America to allow passengers on board their flights and stream Netflix content on their devices from their personal accounts. Among other major deals, JetBlue tied up with Amazon Prime and BAE Systems, and both the companies got an approval from a Hollywood studio for streaming early window content, onto the personal devices of passengers.
March 2018: Panasonic Avionics Corporation and APT Mobile Satcom Limited (APSATCOM) introduced the Extreme Throughput Satellite (XTS) service in Asia.
March 2018: Thomas Cook Group Airlines planned to own 34 aircraft flying with the AirFi Wireless IFE platform for the summer 2018, with an increase of 24 compared to last year.
Key Players: Rockwell Collins, Zodiac Aerospace, Lumexis, Honeywell Aerospace, Stellar Entertainment, Viasat Inc. among others.
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