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In-flight Content Market worth $931 million by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

31 May, 2024, 10:45 GMT

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CHICAGO, May 31, 2024 /PRNewswire/ -- The In-flight Content Market is estimated to be USD 691 million in 2024 and is projected to reach USD 931 million by 2029 at a CAGR of 6.1 % from 2024 to 2029 according to a new report by MarketsandMarkets™. The aviation industry is experiencing a rise in global air traffic leading to increase in demand for new aircraft. Aircraft manufacturers are focusing on developing lighter and more fuel-efficient aircraft which will cater to the customers preference. Growth in the entertainment sector is leading to a higher demand for personalized content onboard. These are among some of the factors that are providing growth for the In-flight Content market.

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Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168217393

Browse in-depth TOC on "In-flight Content Market"

120 – Tables
80 – Figures
250 – Pages

In-flight Content Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 691 million

Estimated Value by 2029

$ 931 million

Growth Rate

Poised to grow at a CAGR of 6.1%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Access, Operation, Platform, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Costly installation of in-flight entertainment devices

Key Market Opportunities

Trend of cloud-based content streaming

Key Market Drivers

Increasing consumer preference for high-quality in-flight content services

By Operation, the streamed segment is projected to grow at the highest CAGR during the forecast period.

The streamed segment is expected to grow at the highest rate in the in-flight content market due to several compelling factors. Firstly, advancements in in-flight connectivity technologies, such as satellite-based internet and high-speed Wi-Fi, have made it feasible for airlines to offer seamless streaming services to passengers. As more airlines invest in upgrading their in-flight connectivity infrastructure, the capacity to stream content directly to passengers' devices has significantly improved.

Passengers increasingly prefer streaming content over traditional pre-loaded options due to the flexibility and variety it offers. Streaming services allow passengers to access a broader range of content, including their personal subscriptions to platforms like Netflix, Amazon Prime, and Disney+, which enhances their in-flight entertainment experience. This shift aligns with the broader consumer trend towards on-demand content consumption, where viewers expect to watch what they want, when they want.

By Platform, the In-flight Content market for commercial aviation segment is projected to grow at the highest CAGR during the forecast period.

The commercial aviation segment is expected to grow at the highest rate in the in-flight content market. The continuous expansion of global air travel, driven by rising disposable incomes, increased business travel, and the growth of tourism, has significantly boosted the demand for enhanced in-flight experiences. As more people fly, airlines are investing heavily in upgrading their in-flight entertainment (IFE) systems to attract and retain passengers.

One of the main drivers is the competitive landscape of the commercial aviation industry. Airlines are striving to differentiate themselves by offering superior passenger experiences, and advanced in-flight content is a crucial part of this strategy. High-quality, diverse, and personalized entertainment options are becoming standard expectations among passengers, prompting airlines to invest in state-of-the-art IFE systems that include movies, TV shows, music, games, and streaming services.

By Type, Movies segment for the In-flight Content market is projected to grow at the highest CAGR during the forecast period.

The movies segment is poised to grow at the highest rate in the in-flight content market for several reasons. Firstly, movies are a universally popular form of entertainment that cater to a wide range of age groups and preferences, making them an essential offering for airlines aiming to enhance passenger experience. The increasing availability of high-definition screens and improved in-flight connectivity has elevated the quality of movie viewing on flights, encouraging more passengers to engage with this content. Additionally, the rapid expansion of global air travel, especially in emerging markets, has increased the number of long-haul flights where passengers seek engaging content to pass the time, with movies being a primary choice. These factors will drive the demand for movies segment in the In-flight Content market during the forecast period.

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Asia Pacific holds the second highest market share in the region for the In-flight Content industry.

Europe holds the largest market for in-flight content due to a combination of high passenger traffic, a diverse and vast traveler demographic, and a well-developed aviation infrastructure. European airlines are known for their competitive edge in offering superior passenger experiences, which includes robust in-flight entertainment (IFE) systems. The region's dense network of short and long-haul routes necessitates varied and rich content to cater to the diverse tastes of international passengers. Moreover, Europe is home to several leading airlines and IFE providers that invest heavily in advanced technologies and high-quality content to stay ahead of the competition. The demand for multilingual content is high due to the cultural and linguistic diversity within Europe, prompting airlines to offer a wide array of movies, TV shows, music, and games.

Major players in the In-flight Content companies are Panasonic Avionics Corporation (US), Thales (France), Anuvu (US), Collins Aerospace (US), Astronics Corporation (US), and others. These companies have well-equipped, strong distribution networks across North America, Europe, Asia Pacific, the Middle East, and Rest of the World.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

In-flight Entertainment & Connectivity Market by Product (IFE Hardware, IFE Connectivity, IFE Content), Class, Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Business Jets), End User and Region 2026

Aircraft Seating Market by Seat Type (Passenger Seat, Pilot, & Crew Seat), Platform (Narrow Body, Wide Body Aircraft, Business Jet, Commercial Helicopter, Light Aircraft, UAM), End-User, Seat Material, Standard and Region - Global Forecast to 2029

Aircraft Cabin Interiors Market by Type (Aircraft Seating, IFEC, Aircraft Cabin Lighting, Aircraft Galley, Aircraft Lavatory, Aircraft Windows & Windshields, Aircraft Interior Panels), End User, Aircraft Type, Material, Region - Global Forecast to 2027

Avionics Market by Systems (Navigation, Payload & Mission Management, Traffic and Collison Management, Communication, Weather Detection, Flight Management, Electronic Flight Display), Platform, Fit, and Region - Global Forecast to 2030

Connected Aircraft Market by Type (Hardware (SATCOM, Data Management Systems, Interface Devices, Software (Fleet Operations, Fleet Monitoring)), Connectivity (In-Flight, Air-To-Air, Air-To-Ground), Platform, and Region- Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/in-flight-content-companies.asp
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