Rapid Growth in International Travel to Boost In-Flight Entertainment However, Asia Pacific is also expected to contribute significantly in this market due to rapid economic development taking place in emerging economies such as India and China. Based on geography, North America might lead the global in-flight entertainment market in the near future due to rapid growth in international and domestic travels. This segment is expected to beg a value of US$3.4 bn by the end of the forecast period. In terms of component, the demand for in-flight entertainment hardware has significantly grown in the past few years and is projected to hold a larger share in the market.
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During this period, the market valuation is expected to reach US$6.4 bn by 2022, progressing from US$3.5 bn earned in 2017. Some of the key players in the market are ViaSat, Inc., Panasonic Avionics Corporation, Global Eagle Entertainment, Honeywell International, Inc., and Zodiac Aerospace.Īs per the TMR report, the global in-flight entertainment market is likely to exhibit an excellent growth rate of 12.7% over the forecast tenure between 20. Rising competition among these players and increasing focus on adopting new strategies is expected to expand the growth potential in this market in the forthcoming years. They are also focusing on integrating new business development strategies to gain a larger share in the global market. Key players are engaged in launching new products and product expansion. Manufacturers in this market are developing products that are cost-effective and high safety. 19, 2019 /PRNewswire/ - Competition in the global in-flight entertainment market is likely to increase in the coming years, as key players in the market are providing advanced entertainment services to the passengers, observes Transparency Market Research in its recent report.
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