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(I-SoftwareNews.Com, September 12, 2018 ) According to a new study published by Polaris Market, the Global Wireless In-Flight Entertainment Market is anticipated to reach USD 3,638 billion by 2026. The market growth of wireless in-flight entertainment market is highly propelled by the increasing trend of BYOD among people in both developed and developing economies. Also, rising preference of people to use their own devices on board has also complemented the market growth. The services offered by the wireless in-flight entertainment systems are easily accessible on the passengers’ personal devices as well as portable media interface devices provided by the airline.
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The market for wireless inflight is segmented on the basis of aircraft into narrow-body, and wide-body. The narrow-body aircraft is expected to dominate the market for wireless in-flight entertainment market and is anticipated to continue its dominance during the projected period. The growth of this segment is due to the increasing demand for narrow-body aircrafts for short-distance routes. Furthermore, the regional jet segment is expected to grow at a high pace during the projected period as airlines globally are upgrading their regional jet fleets with wireless in-flight entertainment systems.
Moreover, the market is also segmented into product, fitment, hardware, and technology. The product segment is further divided into embedded IFE, portable IFE, overhead IFE, and wireless IFE. The fitment segment is categorized into linefit and retrofit. The retrofit market of wireless in-flight entertainment is anticipated to be the fastest growing segment during the projected period of 2017-2026. This growth is attributed to the increasing adoption of retrofit wireless in-flight entertainment systems by the airlines, as it benefit the airlines to reduce overall flight weight and increases profit margin along with providing improved passenger experience.
To know the latest trends and insights prevalent in this market, click the link below at- https://www.polarismarketresearch.com/industry-analysis/wireless-in-flight-entertainment-market/
North America is the leading the market for wireless in-flight entertainment owing to high spending capacity of people for air travels resulting in their increased demand for better passenger experience. The Asia Pacific region, which comprises of several developing economies, is facing a tremendous growth in its airline industry due to increased spending capability of the population resulting in increased air travel. Also, the airline industry in Asia Pacific is highly competitive thus, airline companies are investing significantly to provide updated technology for enhancement of passenger experience. Major industry players include Gogo Inc., Bluebox Avionics Ltd, Inflight Dublin, Ltd, Panasonic Corporation, Lufthansa Systems GmbH, SITA OnAir, Rockwell Collins Inc., Thales Group S.A., Zodiac Aerospace SA, and BAE Systems PLC.
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About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
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