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In-flight Content Market worth $931 million by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, May 31, 2024 /PRNewswire/ — The In-flight Content Market is estimated to be USD 691 million in 2024 and is projected to reach USD 931 million by 2029 at a CAGR of 6.1 % from 2024 to 2029 according to a new report by MarketsandMarkets™. The aviation industry is experiencing a rise in global air traffic leading to increase in demand for new aircraft. Aircraft manufacturers are focusing on developing lighter and more fuel-efficient aircraft which will cater to the customers preference. Growth in the entertainment sector is leading to a higher demand for personalized content onboard. These are among some of the factors that are providing growth for the In-flight Content market.

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Browse in-depth TOC on “In-flight Content Market”

120 – Tables
80 – Figures
250 – Pages

In-flight Content Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 691 million

Estimated Value by 2029

$ 931 million

Growth Rate

Poised to grow at a CAGR of 6.1%

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 Type, Access, Operation, Platform, and Region

Geographies Covered

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

Key Market Challenge

Costly installation of in-flight entertainment devices

Key Market Opportunities

Trend of cloud-based content streaming

Key Market Drivers

Increasing consumer preference for high-quality in-flight content services

By Operation, the streamed segment is projected to grow at the highest CAGR during the forecast period.

The streamed segment is expected to grow at the highest rate in the in-flight content market due to several compelling factors. Firstly, advancements in in-flight connectivity technologies, such as satellite-based internet and high-speed Wi-Fi, have made it feasible for airlines to offer seamless streaming services to passengers. As more airlines invest in upgrading their in-flight connectivity infrastructure, the capacity to stream content directly to passengers’ devices has significantly improved.

Passengers increasingly prefer streaming content over traditional pre-loaded options due to the flexibility and variety it offers. Streaming services allow passengers to access a broader range of content, including their personal subscriptions to platforms like Netflix, Amazon Prime, and Disney+, which enhances their in-flight entertainment experience. This shift aligns with the broader consumer trend towards on-demand content consumption, where viewers expect to watch what they want, when they want.

By Platform, the In-flight Content market for commercial aviation segment is projected to grow at the highest CAGR during the forecast period.

The commercial aviation segment is expected to grow at the highest rate in the in-flight content market. The continuous expansion of global air travel, driven by rising disposable incomes, increased business travel, and the growth of tourism, has significantly boosted the demand for enhanced in-flight experiences. As more people fly, airlines are investing heavily in upgrading their in-flight entertainment (IFE) systems to attract and retain passengers.

One of the main drivers is the competitive landscape of the commercial aviation industry. Airlines are striving to differentiate themselves by offering superior passenger experiences, and advanced in-flight content is a crucial part of this strategy. High-quality, diverse, and personalized entertainment options are becoming standard expectations among passengers, prompting airlines to invest in state-of-the-art IFE systems that include movies, TV shows, music, games, and streaming services.

By Type, Movies segment for the In-flight Content market is projected to grow at the highest CAGR during the forecast period.

The movies segment is poised to grow at the highest rate in the in-flight content market for several reasons. Firstly, movies are a universally popular form of entertainment that cater to a wide range of age groups and preferences, making them an essential offering for airlines aiming to enhance passenger experience. The increasing availability of high-definition screens and improved in-flight connectivity has elevated the quality of movie viewing on flights, encouraging more passengers to engage with this content. Additionally, the rapid expansion of global air travel, especially in emerging markets, has increased the number of long-haul flights where passengers seek engaging content to pass the time, with movies being a primary choice. These factors will drive the demand for movies segment in the In-flight Content market during the forecast period.

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Asia Pacific holds the second highest market share in the region for the In-flight Content industry.

Europe holds the largest market for in-flight content due to a combination of high passenger traffic, a diverse and vast traveler demographic, and a well-developed aviation infrastructure. European airlines are known for their competitive edge in offering superior passenger experiences, which includes robust in-flight entertainment (IFE) systems. The region’s dense network of short and long-haul routes necessitates varied and rich content to cater to the diverse tastes of international passengers. Moreover, Europe is home to several leading airlines and IFE providers that invest heavily in advanced technologies and high-quality content to stay ahead of the competition. The demand for multilingual content is high due to the cultural and linguistic diversity within Europe, prompting airlines to offer a wide array of movies, TV shows, music, and games.

Major players in the In-flight Content companies are Panasonic Avionics Corporation (US), Thales (France), Anuvu (US), Collins Aerospace (US), Astronics Corporation (US), and others. These companies have well-equipped, strong distribution networks across North America, Europe, Asia Pacific, the Middle East, and Rest of the World.

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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

Avionics Market by Systems (Navigation, Payload & Mission Management, Traffic and Collison Management, Communication, Weather Detection, Flight Management, Electronic Flight Display), Platform, Fit, and Region – Global Forecast to 2030

Connected Aircraft Market by Type (Hardware (SATCOM, Data Management Systems, Interface Devices, Software (Fleet Operations, Fleet Monitoring)), Connectivity (In-Flight, Air-To-Air, Air-To-Ground), Platform, and Region- Global Forecast to 2028

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.

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BASX Hosts Ribbon-Cutting Ceremony for New State-of-the-Art Weld Shop

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REDMOND, Ore., Sept. 19, 2024 /PRNewswire/ — BASX (“BASX” or the “Company”), a leader in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, and custom HVAC systems, is proud to announce the official ribbon-cutting ceremony for its newly completed 36,000-square-foot weld shop. The Redmond Chamber of Commerce performed the ribbon cutting on September 18th, 2024, at BASX headquarters.

The weld shop will create significant job opportunities in the Central Oregon region, with the capacity to fill an additional 30 welding positions. Positions range from entry-level to experienced roles, with professional opportunities in various growing departments within the Company.

“This new facility is a major investment not just in our company, but in the future of Central Oregon,” said Dave Benson, AAON VP and BASX President. “We can now deliver even higher levels of quality and efficiency while providing more job opportunities for the community. We’re proud to support local manufacturing growth and look forward to seeing the impact this expansion will have on both BASX and the region.”

The new shop marks a major expansion in the Company’s production capabilities, introducing state-of-the-art welding technology within a climate-controlled environment. Equipped with advanced air filtration systems, including an AAON make-up air unit and multiple air scrubbers, the shop ensures exceptional air quality for its workers. The space also features two 5-ton overhead cranes and six ½-ton cantilever jib cranes, allowing for efficient movement of materials across the facility.

A key highlight of the facility is its cutting-edge tube laser, capable of precision cutting and profiling round and square tubes, as well as C-channel and I-beam profiles up to 27 feet in length. Additionally, a 75-foot-long dual-zone robotic welding cell is scheduled to be installed and operational in early 2025, enabling the welding of large subassemblies up to 10 tons.

The shop’s innovative capabilities will support the Company’s growth and solidify its position for ongoing expansion. In addition to the 30 new welding jobs, BASX is actively hiring across various departments to support its continued success. To learn more about available positions and apply, visit the BASX careers page at www.basxsolutions.com/careers.

About BASX
Founded in 2014 in Central Oregon, BASX is an industry leader in the manufacturing of high-efficiency data center cooling solutions, cleanroom systems, custom HVAC systems, and modular solutions. Acquired by AAON in 2021, BASX continues to focus on quality, innovation, and state-of-the-art technology. The Company is proud to display the Made-in-America emblem on all its products. For more information, please visit www.basx.com.

Contact Information
Christina Lattanzio
Marketing Manager
(918) 508-9272
Email: Marketing@basx.com

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SOURCE AAON

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NASA Sets Coverage for Astronaut Tracy C. Dyson, Crewmates Return

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WASHINGTON, Sept. 19, 2024 /PRNewswire/ — NASA astronaut Tracy C. Dyson, accompanied by Roscosmos cosmonauts Nikolai Chub and Oleg Kononenko, will depart from the International Space Station aboard the Soyuz MS-25 spacecraft, and return to Earth.

Dyson, Chub, and Kononenko will undock from the orbiting laboratory’s Prichal module at 4:37 a.m. EDT Monday, Sept. 23, heading for a parachute-assisted landing at 8 a.m. (5 p.m. Kazakhstan time) on the steppe of Kazakhstan, southeast of the town of Dzhezkazgan.

NASA’s live coverage of return and related activities will stream on NASA+ and the agency’s website. Learn how to stream NASA content through a variety of platforms, including social media.

A change of command ceremony also will stream on NASA platforms at 10:15 a.m. Sunday, Sept. 22. Kononenko will hand over station command to NASA astronaut Suni Williams for Expedition 72, which begins at the time of undocking.

Spanning 184 days in space, Dyson’s mission includes covering 2,944 orbits of the Earth and a journey of 78 million miles. The Soyuz MS-25 spacecraft launched March 23, and arrived at the station March 25, with Dyson, Roscosmos cosmonaut Oleg Novitskiy, and spaceflight participant Marina Vasilevskaya of Belarus. Novitskiy and Vasilevskaya were aboard the station for 12 days before returning home with NASA astronaut Loral O’Hara on April 6.

Kononenko and Chub, who launched with O’Hara to the station on the Soyuz MS-24 spacecraft last September, will return after 374 days in space and a trip of 158.6 million miles, spanning 5,984 orbits.

Dyson spent her fourth spaceflight aboard the station as an Expedition 70 and 71 flight engineer, and departs with Kononenko, completing his fifth flight into space and accruing an all-time record 1,111 days in orbit, and Chub, who completed his first spaceflight.

After returning to Earth, the three crew members will fly on a helicopter from the landing site to the recovery staging city of Karaganda, Kazakhstan. Dyson will board a NASA plane and return to Houston, while Kononenko and Chub will depart for a training base in Star City, Russia.

NASA’s coverage is as follows (all times Eastern and subject to change based on real-time operations):

Sunday, Sept. 22
10:15 a.m. – Expedition 71/72 change of command ceremony begins on NASA+ and the agency’s website.

Monday, Sept. 23
12:45 a.m. – Hatch closing coverage begins on NASA+ and the agency’s website.

1:05 a.m. – Hatch closing

4 a.m. – Undocking coverage begins on NASA+ and the agency’s website.

4:37 a.m. – Undocking

6:45 a.m. – Coverage begins for deorbit burn, entry, and landing on NASA+ and the agency’s website.

7:05 a.m. – Deorbit burn

8 a.m. – Landing

For more than two decades, people have lived and worked continuously aboard the International Space Station, advancing scientific knowledge, and making research breakthroughs that are not possible on Earth. The station is a critical testbed for NASA to understand and overcome the challenges of long-duration spaceflight and to expand commercial opportunities in low Earth orbit. As commercial companies focus on providing human space transportation services and destinations as part of a robust low Earth orbit economy, NASA is focusing more resources on deep space missions to the Moon as part of Artemis in preparation for future human missions to Mars.

Learn more about International Space Station research and operations at:

https://www.nasa.gov/station

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SOURCE NASA

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Global claims guidance leader EvolutionIQ joins as CALI’s inaugural Life Partner

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — US-based EvolutionIQ, a global leader in claims guidance technology, has signed on as the Council of Australian Life Insurers (CALI)’s first Life Partner as part of its corporate partner program.

The CALI Partner Program is designed to foster collaboration and create a connected ecosystem of industry experts.

CALI Life Partners share the industry’s mission to make life insurance accessible, understandable and trusted. They are companies that support Australian life insurers to help Australians and their families have peace of mind about their future so they can live in the most healthy, confident and secure way.

“We are pleased to welcome EvolutionIQ as CALI’s inaugural Life Partner. The CALI Partner Program plays an important role in connecting our members to the latest innovators, like EvolutionIQ, that can move their businesses forward,” said CALI CEO Christine Cupitt.

“We want to work closely with each of our partners to strengthen and support the life insurance industry to deliver better customer experiences for millions of Australians on their best and worst days.”

Headquartered in New York, EvolutionIQ has expanded significantly since 2019. Its clients include major insurance carriers such as Sun Life, Reliance Matrix and Principal Financial. Their AI-powered software makes insurance claims processes more personalised, fair and cost-effective so that more people can recover faster and return to work.

“We are committed to supporting the Australian life insurance ecosystem and being a CALI Life Partner enables us to specialise our products to meet the dynamic needs of the Australian markets,” said EvolutionIQ’s Co-CEO, Mike Saltzman.

“Our partnership with CALI means we can contribute to and shape customer experiences in Australia, and ultimately help more people return to health and a livelihood sooner.”

About EvolutionIQ
EvolutionIQ pioneered Claims Guidance in 2019. Its explainable AI guides insurance claims professionals to their highest potential impact claims, improving the claimant experience and delivering better claim outcomes to claimants, carriers and their customers. EvolutionIQ serves the group disability, individual disability and workers’ compensation markets worldwide. EvolutionIQ’s AI native products have been adopted by 70% of the top 15 U.S. disability carriers and a growing list of workers’ compensation carriers. The New York-based company employs 185 staff across the United States, Europe and Australia. For more information, visit evolutioniq.com and follow the company on LinkedIn.

About CALI
We support Australians to make informed choices about their future and help them live in a healthy, confident and secure way over their lifetime.

Our members’ products and services give people peace of mind when making important decisions and provide a financial safety net during life’s biggest challenges.

We advocate for national policy settings that expand Australians’ access to the life insurance protection that suits them when they need it most.

CALI represents all life insurers and reinsurers in Australia. The Australian life insurance industry is today a $26.4billion industry, employing thousands of Australians and paying billions of dollars of benefits each year.

To view CALI’s corporate partners visit www.cali.org.au/about-us/#our-partners

For more information, visit www.cali.org.au

Media Contact
Jason Kapler
Vice President of Marketing
EvolutionIQ
(917) 740-5608
Press@evolutioniq.com

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SOURCE EvolutionIQ

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