In-flight Advertising Industry - Regional Synopsis
North America Market Statistics
On the basis of region, the in-flight advertising market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America industry is poised to hold largest revenue share by 2037, due to massive involvement of inflight entertainment systems in the airlines.
APAC Market Analysis
Besides, it is expected that during the forecasted period the Asia Pacific region would grow at the highest rate. The main reason for the market growth in this region is the rise in passenger traffic. It is expected that by 2037, about more than 16,000 aircraft would be delivered in the area, which is expected to impact the in-flight advertising market in the Asia-Pacific region positively. Correspondingly, the Middle East & Africa region has been witnessing an impressive increase in its economy of late. The major factors driving the economy of the region is increased air travel and rising tourism. Dubai welcomed a record 16.73 million tourists in 2019, an improvement over the previous two years. As the area is located at the crossroads of Asia-Africa and Europe, their local airlines, led by Emirates, Qatar Airways, and Etihad Airlines, are well-positioned to compete for the air traffic, globally. Due to the rapid increase in the number of aircraft in the region, it is expected that there would be a substantial and simultaneous impact on the market.
