PUNE, India, September 28, 2022 (Globe Newswire) — GLOBAL In-flight entertainment and connectivity market It is anticipated to grow at a rapid pace during the projected period due to the increasing demand for entertainment and enhanced travel experience for the commuters. Fortune Business Insights™ publishes this information in a report titled, “In-flight Entertainment and Connectivity Market, 2020-2027”, As per the report, the size of the in-flight entertainment and connectivity market was USD 5.71 billion Expected to reach more in 2019 USD 7.68 billion one o’clock by 2027 CAGR of 9.76% during the period 2020-2027.
COVID-19 Impact:
Decreasing demand for travel facilities amid pandemic disrupted market growth
During the COVID-19 pandemic, the government completely prohibited travel and transport activities. In addition, the population avoided unnecessary travel during the initial lockdown phase to control the spread of the virus. These factors constrained the global market demand for in-flight entertainment and connectivity. In addition, restrictions on manufacturing and production units affected the production rates of various major companies and hampered overall business performance during the pandemic period.
Get a sample PDF brochure:
https://www.fortunebusinessinsights.com/enquiry/sample/in-flight-entertainment-connectivity-market-102519
List of key players profiled in the market report for in-flight entertainment and connectivity:
- Astronomy Corporation (USA)
- Burana Private Limited (Australia)
- Collins Aerospace (US)
- FDS Avionics Corp. (USA)
- Global Eagle Entertainment, Inc. (US)
- Gogo LLC (US)
- Honeywell International Inc (US)
- Lufthansa Systems GmbH & Co. KG (Germany)
- Panasonic Avionics Corporation (US)
- Safran (France)
- Sitaoner (Switzerland)
- SmartSky Networks, LLC (US)
- Thales Group (France)
- Viasat, Inc. (America)
Scope and Division of the Report:
| report coverage | description |
| forecast period | 2020-2027 |
| Forecast CAGR | 7.15% |
| 2027 Price Projection | USD 7.68 billion USD |
| base year | 2019 |
| historical figure | 2016-2018 |
| number of pages | 200 |
| covered sections | By aircraft type, by type, by class |
| In-flight entertainment and connectivity market growth drivers | There is an increasing need to improve the passenger travel experience to fuel the growth of the market |
Browse a detailed summary of research reports with TOC:
https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519
Russo-Ukraine War Effects:
The current Russo-Ukraine war crisis changed the dynamics of the European defense industry in 2022. About 25 countries planned to support the Ukraine War Crisis. These countries provide assistance in terms of arms support, finance, special military operations, and more. European and NATO countries provide ammunition, ground surveillance radar, firefinder weapons and other systems to western Ukraine via Poland. Thus, the demand for military antennas has seen an increase in recent times. These factors are expected to increase the demand for the product for satellite communications and defense sectors.
section:
Growing Adoption of SATCOM Technology to Dominate IFE Materials Segment Development
By type, the market has been segmented into IFE hardware, IFE connectivity, and IFE material. These segments are further classified into sub-segments: portable IFE systems, non-portable IFE systems, wired connectivity and wireless connectivity. The IFE material segment is expected to register the highest growth rate owing to the increasing use of satcom technology.
Increasing installation of premium economy class seats by low-cost airlines to fuel segment growth
On the basis of class, the market is segmented into first class, business class, premium economy class and economy class. The premium economy class segment is expected to lead the market in the coming years owing to the increasing installation of these seats by low cost airlines.
Narrow-body aircraft segment to lead the market during the forecast period
On the basis of aircraft type, the market is segmented into narrow-body, wide-body, business jet and regional aircraft. The narrow body aircraft segment leads the market owing to the increasing demand from airlines to provide domestic and international air travel services.
OEM segment to dominate the market by developing advanced seat structures
According to the end users, the market is segmented into OEM and aftermarket. Development of advanced seat structures integrated with advanced IFE systems to fuel the growth of the OEM segment over the anticipated period.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and the rest of the world.
Inquire before purchasing this report:
https://www.fortunebusinessinsights.com/enquiry/queries/in-flight-entertainment-connectivity-market-102519
Detailed Table of Contents:
- introduction
- scope of research
- market segmentation
- Research Methodology
- Definitions and Concepts
- executive Summary
- market dynamics
- market driver
- market restrictions
- market opportunities
- key insights
- Key Industry Developments – Mergers, Acquisitions and Partnerships
- latest technological advances
- Porter’s Five Forces Analysis
- supply chain analysis
- qualitative insight
- The impact of COVID-19 on the in-flight entertainment and connectivity market
- Steps taken by Industry/Government/Companies to overcome the impact
- Major developments in the industry in response to COVID-19
- Potential opportunities due to the outbreak of COVID-19
TOC continues…!
Talk to our expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/in-flight-entertainment-connectivity-market-102519
Drivers and Restrictions:
There is an increasing need to improve the passenger travel experience to fuel the growth of the market
The market is expected to grow significantly during the projected period owing to the growing need to improve the in-flight experience of passengers. Moreover, the increasing focus on maintenance of in-flight entertainment and connectivity equipment is expected to drive the market in the coming years. These factors are expected to ensure the growth of the in-flight entertainment and connectivity market during the forecast period.
However, complex IFEC system design architecture may hinder the growth of the market.
Regional Insights:
North America holds highest market share due to rising demand for electric jets
North America dominates the global in-flight entertainment and connectivity market share, driven by increasing demand for electric and long-range business jets. The regional market was USD 2.10 billion in 2019.
competitive landscape:
High investment in R&D allows companies to introduce new products
Major market players focus on implementing various business development strategies. Major companies look to form strategic alliances, mergers, partnerships and collaborations to expand their business globally. In addition, investing in technological advancements to launch new services allows companies to accelerate growth.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/in-flight-entertainment-connectivity-market-102519
Major Industry Developments:
- February 2021: Astronics Corporation announced that it has received an approximately US$11 million contract from Collins Aerospace for business jet connectivity equipment. The company’s connectivity hardware equipment is expected to help Collins Aerospace deliver high-speed world-wide connectivity that enables a variety of remote conferencing services and streaming entertainment services to passengers.
- June 2021: Inflight Dublin announced that it offers its wireless in-flight entertainment solution, EverHub, to Sunclass Airlines’ A321 aircraft. The company also provides in-flight entertainment (IFE) content, including TV shows, boxsets, Hollywood movies, music and publications, to Sunclass Airlines’ A330 fleet.
Read related insights:
anti-jamming market Size, Share, Industry Forecast 2029
aircraft cabin interior market size, share | forecast [2020-2027]
aircraft actuator market Size, Share, Growth | Industry Report, 2026
about us:
Fortune Business Insights™ Provides accurate data and innovative corporate analytics, helping organizations of all sizes make informed decisions. We create innovative solutions for our customers, helping them solve the different challenges their businesses face. We aim to empower them with comprehensive market intelligence, providing a comprehensive overview of the market they are operating in.
Know:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
E-mail: [email protected]
linkedin Facebook Twitter
