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As per Technavio’s market research report, the global airline ancillary services market is foreseen to grow at a CAGR of above 15% during the forecast period. One of the primary drivers for the market’s growth is the rising investments in in-flight connectivity solutions. Airline operators are concentrating on setting up a wireless architecture that connects all the on-board passengers with a new range of options for entertainment and connectivity. With technological advancements, all the expensive traditional set ups for in-flight connectivity is presently substituted with sensor-based systems that can be configured for providing in-flight entertainment (IFE) solutions to the passengers. Therefore, owing to the rising demand for IFE solutions, the global airline ancillary market is anticipated to witness increased growth during the forecast period.
In terms of geography, the Americas led the global airline ancillary services market during 2016 and is expected to grow higher over the next four years. Factors like modernization and improvement of frequent flyer program (FFP) schemes drive the market’s growth in the US and other countries in the region. For instance, in 2016, Alaska Airlines announced certain changes in its existing FFP mileage scheme. As per new scheme, the passengers can book a flight with fewer miles compared with the existing one, and earn more points while flying on certain routes served by the airline and its global partners. Therefore, such developments are expected to drive this market in the Americas during the forecast period.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by service type
PART 07: Market segmentation by airline types
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
Tags: baggage fees, low cost airlines, airplane, aerospace engineering, airline ancillary services market segmentation, aerospace components market trends,
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