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According to Fortune Business Insights, the global in-flight entertainment and connectivity market size is expected to reach USD 7.68 billion by 2027, growing at a CAGR of 9.76% during the forecast period 2020-2027 | Surging Demand to Improve Passenger Travel Experience to Fuel Market Growth
Pune, India, September 28, 2022 (GLOBE NEWSWIRE) — Global Inflight entertainment and connectivity market It is expected to grow rapidly over the forecast period owing to increasing demand for entertainment and enhanced passenger travel experience. Fortune Business Insights™ Publish this information in a report titled, “Inflight Entertainment and Connectivity Market 2020-2027”. According to the report, the in-flight entertainment and connectivity market size is $5.71 billion In 2019, it is expected to reach $7.68 billion by 2027 CAGR of 9.76% During 2020-2027.
Impact of COVID-19:
Decline in demand for travel amenities amid pandemic hampering market growth
During the COVID-19 pandemic, the government has completely restricted travel and transportation activities. Additionally, people avoided non-essential travel during the initial lockdown phase to contain the spread of the virus. These factors hinder the demand for in-flight entertainment and connectivity in the global market. In addition, restrictions on manufacturing and production units have affected the productivity of various leading companies and hindered overall business performance during the pandemic.
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List of Key Players Presented in the Inflight Entertainment and Connectivity Market Report:
Astronics Corporation (USA)
Burrana Pty Ltd (Australia)
Collins Aerospace (USA)
FDS Avionics Corp. (US)
Global Eagle Entertainment, Inc. (USA)
Gogo LLC (USA)
Honeywell International Inc. (USA)
Lufthansa Systems GmbH & Co. KG (Germany)
Panasonic Avionics Corporation (USA)
Saffron (France)
Sitaonair (Switzerland)
SmartSky Networks, LLC (USA)
Thales Group (France)
Viasat, Inc. (USA)
Report Scope and Segmentation:
Report Scope | detail |
forecast period | 2020-2027 |
Forecast compound annual growth rate | 7.15% |
2027 Value Forecast | $7.68 billion |
base year | 2019 |
historical data | 2016-2018 |
number of pages | 200 |
Market segments covered | By Aircraft Type, By Type, By Class |
In-flight entertainment and connectivity market growth drivers | Surge in Demand to Improve Passenger Travel Experience to Fuel Market Growth |
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https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519
Effects of the Russian-Ukrainian War:
The current Russian-Ukrainian war crisis has changed the dynamics of the European defense industry in 2022. About 25 countries plan to support the Ukrainian war crisis. These countries provide support in weapons support, finance, special military operations, etc. European and NATO countries supply western Ukraine with ammunition, ground surveillance radars, fire-seeking weapons and other systems through Poland. Therefore, an increase in demand for military antennas has recently been observed. These factors are expected to surge product demand in the satellite communications and defense sectors.
Market segments:
Growing adoption of satellite communication technology dominates segmental growth of IFE content
By type, the market is segmented into IFE hardware, IFE connectivity, and IFE content. These segments are further divided into sub-segments: Portable IFE Systems, Non-Portable IFE Systems, Wired Connectivity, and Wireless Connectivity. The IFE content segment is expected to witness the highest growth rate due to the increasing adoption of SATCOM technology.
Low-cost airlines increase installation of premium economy seats to boost segment growth
Based on cabin class, the market is segmented into first class, business class, premium economy class, and economy class. The premium economy segment is expected to lead the market over the next few years as low-cost airlines increasingly install these seats.
The narrow body aircraft segment will lead the market during the forecast period
Based on aircraft type, the market is segmented into narrow-body, wide-body, business jets, and regional jets. The narrow-body aircraft market leads the market owing to the growing demand from airlines to provide domestic and international air travel services.
The OEM segment dominates the market by developing advanced seating structures
According to end users, the market is divided into OEM and aftermarket. Development of advanced seating structures integrated with advanced IFE systems to support the growth of the OEM segment over the projected period.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Rest of the World.
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Detailed catalog:
introduce
executive Summary
Market dynamics
market driving force
market restrictions
Market opportunities
Important Insights
Key Industry Developments – Mergers, Acquisitions and Partnerships
The latest technological advancements
Porter’s Five Forces Analysis
Supply Chain Analysis
Qualitative insights
Impact of COVID-19 on the Inflight Entertainment and Connectivity Market
Actions taken by industry/government/company to overcome the impact
Key industry developments in response to COVID-19
Potential Opportunities Presented by the COVID-19 Outbreak
TOC continues…!
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Drivers and Constraints:
Surge in Demand to Improve Passenger Travel Experience to Fuel Market Growth
The market is expected to grow significantly over the forecast period owing to the growing demand for improving the passenger flight experience. Furthermore, increasing focus on in-flight entertainment and connected device maintenance is expected to drive the market over the next few years. These factors are expected to ensure the growth of the in-flight entertainment and connectivity market over the forecast period.
However, complex IFEC system design architecture may hinder the market growth.
Regional Insights:
North America holds the highest market share due to increasing demand for electric jets
North America dominates the global in-flight entertainment and connectivity market share owing to growing demand for electric and long-range business jets. The regional market size was valued at USD 2.1 billion in 2019.
Competitive Landscape:
High investment in R&D enables companies to launch new products
Major market players focus on implementing various business growth strategies. Leading companies consider strategic alliances, mergers, partnerships and collaborations to expand their businesses globally. Additionally, investing in technological advancements to launch new services enables companies to drive growth.
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Major industry developments:
February 2021: Astronics Corporation announced that it has been awarded an approximately $11 million contract for business jet connectivity equipment from Collins Aerospace. The company’s connected hardware devices are expected to help Collins Aerospace provide high-speed global connectivity to provide passengers with a variety of teleconferencing services and streaming entertainment.
June 2021: Inflight Dublin announced Everhub, a wireless in-flight entertainment solution for Sunclass Airlines’ A321 aircraft. The company also provides in-flight entertainment (IFE) content for Sunclass Airlines’ A330 fleet, including TV shows, boxed sets, Hollywood movies, music and publications.
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