Global Wireless In-Flight Entertainment (W-IFE)s Market is valued USD 920 billion in 2016 is anticipated to grow USD 3.6 billion with the compounded annual growth of 16.40% over the forecast period 2018-2025.
New York 21 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Wireless In-Flight Entertainment (W-IFE)s market industry is poised to raise USd 3.6 billion by 2025. Increased proliferation of mobile devices, such as smartphones, laptops, and tablets, has prompted airlines to start offering wireless in-flight connectivity & entertainment services to passengers, thereby providing them access to a wide spectrum of stored as well as streaming entertainment content and other connectivity services on their personal devices
In the U.S., the Federal Communications Commission (FCC), in conjunction with the Federal Aviation Authority (FAA) has permitted the use of Portable Electronic Devices (PEDs) inside the aircraft with implementation guidelines. This regulatory change is expected to pave the way for new and innovative W-IFE solutions. The combination of wireless in-flight connectivity and in-flight entertainment has opened several opportunities for the overall industry growth, such as streaming live movies, live content, and other Advertising Video-On-Demand (AVOD) services.
There has been an increased number of partnerships among connectivity service providers across the globe for achieving enhancements in their service portfolios and providing high-speed connectivity services at economical rates. Recently, Inmarsat plc., a mobile satellite communication provider, collaborated with ViaSat, a digital communications provider, to develop new mobile satellite communication.
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Global Wireless In-Flight Entertainment (W-IFE)s Market Size study, by Aircraft (Narrow Body, Wide Body, Regional Jet), by Fitment (Retro Fit, Line Fit), by Hardware , By Technology and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players Bluebox Avionics Ltd, Cornerstone OnDemand Inc., Gogo.Inc, Inflight Dublin, Ltd, Lufthansa Systems GmbH, Panasonic Corporation, Rockwell Collins Inc, SITA OnAir, Thales Group SA.
., BAE SYSTEM PLC and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North America regional market accounted for the largest share of the global W-IFE market in 2016 and is anticipated to retain its dominance over the forecast period
- Consumers’ inclination towards spending more on air travel, especially for their continuous connectivity need, has resulted in higher expenditure in North America
Bizwit Research & Consulting LLP has considered following segments for the study:
- Narrow Body
- Wide Body
- Regional Jet
- Retro Fit
- Line Fit
- North America
- Asia Pacific
- Latin America
- Rest of the World