Latin America Inflight Entertainment and Connectivity Market: Growth Analysis By Revenue, Size, Share, Scenario on Latest Trends, Types and Applications and Forecast: 2022-2031

Japan, Japan, Thu, 07 Apr 2022 02:17:43 / Comserve Inc. / -- The Latin America inflight entertainment and connectivity market is anticipated to register a CAGR of over 6% during the forecast period.

The Latin America inflight entertainment and connectivity market is anticipated to register a CAGR of over 6% during the forecast period.

- The increasing demand for inflight entertainment and connectivity systems is mainly due to the growth in air passenger traffic and airlines in this region, which are mainly focusing on the onboard passenger experience.
- The increasing investments of airline operators for the integration of advanced inflight entertainment and connectivity systems to enable uninterrupted content services even to the personal devices of the passengers, which is resulting in the growth of the market.

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Key Market Trends

The Connectivity Segment to Experience Highest CAGR During the Forecast Period

The connectivity segment is estimated to have the highest CAGR during the forecast period. The advancements of new technologies have made the passengers expect airlines to provide them with high-speed, reliable connectivity. LATAM Brazil, one of the major airlines in Brazil installed Gogo inflight internet on over 90 aircraft by October 2019 (contract begin in October 2018) to keep their passengers connected all the time. Also, the developments like BYOD (Bring Your Own Devices) in this region are propelling the increasing demand for connectivity onboard. For instance, in January 2019, Norwegian Air to introduce free onboard Wi-Fi and new flights in Mexico and South America. The new Wi-Fi will be available on the airline's Boeing 787-9 Dreamliner and 737 MAX aircraft. It also includes a premium option with speed connectivity enough for music and video streaming. The new service will use the inflight connectivity platform from Cabin Connect by Collins Aerospace to provide Internet access, as well as in-flight map and voice and messaging services. Such developments are expected to further propel the segment's growth during the forecast period.

Brazil is Expected to Dominate the Market During the Forecast Period

Brazil region is dominating the market and will continue its dominance during the forecast period. This can be attributed to the increasing number of air passenger traffic from this region due to the growth of tourism in the country. The country witnessed international passenger traffic of approximately 24 million and moderate growth in domestic passenger traffic. The airlines in the region are expanding their fleet of aircraft to cater to the growing passenger traffic. Azul, GOL and LATAM Brazil are some of the major airlines in Brazil that serve domestic and international passengers. Azul under its E2 strategy plans to replace its complete fleet of E195-E1 aircraft with E195-E2 by 2023. The airline also received its first A330neo (one out of 13 on order) in May 2019 with new generation inflight entertainment system and connectivity solutions. Similarly, with increasing passenger traffic, the airlines are increasing their route networks. For instance, in 2019, GOL airlines introduced six new domestic routes. With the growing fleet and increasing network of airlines, there is a subsequent demand for new inflight entertainment and connectivity solutions.

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Competitive Landscape

Some of the prominent players in the Latin America inflight entertainment and connectivity market are Panasonic Avionics Corporation, Gogo Inc., Global Eagle Entertainment Inc., Thales Group, and Honeywell International Inc. The introduction of new product lines to enhance the passenger experience in gaming, shopping, entertainment, and other purposes will help the companies receive new contracts. For instance, in September 2019, Thales Group announced to bring the airlines a new revenue opportunity by introducing an e-Commerce platform that extends the airport duty-free shopping experience into the cabin. The introduction of such new products will allow the airlines to expand their revenues, thereby helping the companies to get new contracts. Also, the companies are also increasing their presence in the region with retrofit contracts from the airlines.

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