The in-flight entertainment market is expected to increase at a compound annual growth rate (CAGR) of 6.67% over the next five years, increasing from a valuation of $2 billion in 2011, to be worth a market value of $3 billion in 2017.
The in-flight entertainment market is made up from the audio and video sector which provides passengers with a music library and a wide collection of movies and videos, and the communication sector which comprises Wi-Fi and mobile telephony which helps the passengers keep in constant touch with people on ground by allowing passengers to make and receive phone calls and send and receive SMS, 40,000 feet above sea level.
Key factors driving growth within the in-flight entertainment market include the increase in demand for in-flight entertainment and communication systems, along with the ever improving technological advancements.
The largest manufacturers within the in-flight entertainment market are Panasonic Avionics Corporation, Thales Group, Rockwell Collins and LiveTV. Design issues for in-flight entertainment include system safety, cost efficiency, software reliability, hardware maintenance, and user compatibility.
Thales is currently the fastest growing in-flight entertainment developer in the world, dominating the global market with an industry share of 45%.
As technology improves, more advanced devices can be used to enhance components being used such as increasing network bandwidth, lighter components and wireless devices. In the future the in-flight entertainment market will witness a change from traditional hardware to wireless systems.
For more information on the in-flight entertainment market, see the latest research: In-Flight Entertainment Market
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