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Inflight Retail and Advertising Market worth $5.1 billion by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

13 Jun, 2024, 10:30 GMT

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CHICAGO, June 13, 2024 /PRNewswire/ -- The inflight retail and advertising market is valued at USD 3.5 billion in 2024 and is projected to reach USD 5.1 billion by 2029, at a CAGR of 7.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The inflight retail and advertising market seize opportunities presented by a captive audience during air travel to market a variety of products, including duty-free items and travel necessities, alongside targeted advertisements via in-flight entertainment systems. This market benefits from growing passenger volumes and the surge in e-commerce. Airlines, along with inflight entertainment providers and retail concessionaires, strategically collaborate to enhance passenger experience and maximize revenue through optimized product offerings and innovative marketing strategies. Increased consumer demand for convenience and unique experiences further stimulates market growth, making it an attractive sector for continuous investment and development.

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Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186568175

Browse in-depth TOC on "Inflight Retail and Advertising Market" 
150 – Tables
120 – Figures
350 – Pages

Inflight Retail and Advertising Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 3.5 billion

Estimated Value by 2029

$ 5.1 billion

Growth Rate

Poised to grow at a CAGR of 7.8%

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 End-User, Mode, Seat Class, Operation and Region

Geographies Covered

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

Key Market Challenge

Technological Integration

Key Market Opportunities

Exclusive Inflight Offers

Key Market Drivers

Rising Passenger numbers


Based on the end-user, the business aviation segment is estimated to grow at the highest CAGR during the forecast period.

Based on the end-user, the business aviation segment is estimated to lead the inflight retail and advertising market from 2024 to 2029 with the highest CAGR. Business Aviation is driven by a demand for personalized luxury services among high-net-worth individuals and corporate clients. Advances in technology in business jets enhance connectivity and personalization, enabling sophisticated retail and advertising options. The economic recovery and increased wealth creation have boosted business aviation, expanding opportunities for targeted luxury advertising. The segment's privacy and exclusivity appeal to luxury brands, making it ideal for unique, customized advertising campaigns. These elements collectively fuel its rapid market growth.

Based on mode, the retail segment is estimated to grow with the highest CAGR during the forecast period.

Based on mode, the retail segment is estimated to grow with the highest CAGR during the forecast period due to several key factors. Enhanced passenger experiences through innovative digital platforms and the integration of mobile technology and onboard Wi-Fi facilitate convenient inflight e-commerce. Increased global travel expands the potential customer base, while strategic partnerships with major brands diversify product offerings. Additionally, airlines are leveraging data analytics for personalized shopping experiences tailored to individual passenger preferences, significantly driving sales growth in this segment.

Based on seat class, the economy class is to grow with the highest CAGR in the Inflight Retail and Advertising market.

The economy class segment in the in-flight retail and advertising market is seeing the highest CAGR due to several factors. It targets the largest audience base as most airline seats are economy, increasing exposure to retail and advertising. More frequent flights enhance opportunities for sales. Improved global economic conditions boost travel and consumer spending on services. Technological advancements allow easy access to in-flight shopping, and targeted advertising strategies are tailored to the demographics of economy class passengers, enhancing both engagement and revenue generation.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=186568175

Based on regions, North America to growing with the highest CAGR in Inflight Retail and Advertising market.

Based on region, the North America market is estimated to account for the largest market share during the forecast period.  The in-flight retail and advertising industry in North America holds the largest market share globally, propelled by high passenger volumes and a significant interest in online shopping. The market offers a range of products from duty-free items to travel essentials and utilizes in-flight entertainment systems for targeted advertising. Key growth drivers include a robust aviation sector, expanding airline networks, and increasing disposable incomes. Key stakeholders in this vibrant market include airlines, in-flight entertainment providers, and retail concessionaires, all of whom play crucial roles in shaping the market dynamics.

Key Players

The inflight retail and advertising companies is dominated by a few globally established players such as Panasonic Avionics Corporation (US), Thales (France), Viasat, Inc. (US), Anuvu (US) and IMM International (France).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=186568175

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

Business Jet Market by Business Jet Aircraft Type (Light Business Jet, Mid-Sized Business Jet, Large Business Jet, Airliner), End-Use (Private Jets User, Operator), Systems, Point of Sale, Services, Range and Region - Global Forecast to 2030

Electric Aircraft Market by Type (Fixed Wing, Rotary Wing, Hybrid Wing), Platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), System, Technology, Application and Region - Global Forecast to 2030

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/inflight-retail-advertising-companies.asp
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