Inflight Shopping Market Scope
Inflight shopping is a service that is offered by airlines to their customers and can be online or offline. In today's time, the digitalization of inflight retail is becoming a new norm due to the use of mobile devices and many airlines have eliminated the physical product catalog for shopping. Inflight e-shopping offering is attracting the airlines and customers both as it eliminates logistic complexity to on-board physical stock that helps to reduce the overheads and offers duty-free products. British Airways and Swiss allow flyers to browse catalogs before boarding and collect in-air.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ANA (Japan), SKYdeals (France), KrisShop (Singapore), Airfree (France), Lufthansa WorldShop (Germany), The Emirates Group (United Arab Emirates), Fly&Buy (Germany), Airbuy Inc. (United States), AirAsia Group (Malaysia) and Thomas Cook Airlines (United Kingdom) |
CAGR | 5.45% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
ANA (Japan), SKYdeals (France), KrisShop (Singapore), Airfree (France), Lufthansa WorldShop (Germany), The Emirates Group (United Arab Emirates), Fly&Buy (Germany), Airbuy Inc. (United States), AirAsia Group (Malaysia) and Thomas Cook Airlines (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Inflight Shopping market by Type and Region with country level break-up.
On the basis of geography, the market of Inflight Shopping has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2023, airasia shop announced a partnership with leading global travel retailer Dufry today to expand its offerings and choices for customers. Through this partnership, airasia shop will now be able to offer customers more than 1,000 new duty-free products in selected airports. Click on the “Shop” icon on airasia Superapp to find out more.
In June 2023, SKYdeals launches 'Group Buying' inflight shopping feature. The breadth of our coverage means you won’t need any other news sources to monitor competitors and stay informed about the latest developments in the wider aviation sector.
Influencing Trend:
Digital Revolution of Inflight Shopping is Emerging as a New Trend among the Flyers
Market Growth Drivers:
High Adoption of Female Fragrances and Alcohol by the Consumers During Shopping in Flights and Duty-Free Product Offerings by the Airlines in Many Countries
Challenges:
High price of products
Restraints:
Lack of Proper Internet Connectivity and High Overheads Due to Logistic Complexity
Opportunities:
Increasing Inflight Connectivity Offering by the Airlines Will Open Huge Opportunities for Inflight Shopping
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Inflight Shopping Solution Providers, Inflight Shopping Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others