South America In-flight Entertainment and Connectivity Market - Segmented By Product Type, Fit, Class and Geography - Trends, Progress and Challenges (2018 - 2023)
South America In-flight Entertainment and Connectivity Market
The South America In-flight Entertainment and Connectivity market is expected to witness a CAGR of close to 10% till 2023. South American countries have been experiencing extremely tough economic conditions for the past few years and the situation is expected to be tough at least till 2017. The commodity price crash has severely affected the balances of the various countries, which are commodity-exporting countries. A political and economic imbalance especially in Brazil, which is the biggest economy of the region, has hurt the overall aviation market in the region.
But the region despite tough economic conditions is seeing a spurt in tourism due to heavy currency depreciation and major events like the Olympics. These coming up events are expected to permanently increase the average number of tourists arriving in the region. As a whole, the market for IFE in South America, despite tough economic conditions, is expected to see a decent rate of growth over the coming 5 years.
The South America Aviation industry is expected to be one of the fastest growing aviation markets in the world till 2030 and this will be the major driver affecting the IFE market directly. The growth will come mostly from increased trade and tourism with US going into the future.
Key Developments in the Market:
September 2017: Embraer selected Meggitt Polymers & Composites and KID-Systeme as its new inflight entertainment and connectivity (IFEC) system suppliers for the E-Jets E2, the second generation of the E-Jets family of commercial aircraft
key Players: Panasonic Avionics Corporation, Rockwell Collins and Amadeus IT Group among others.
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