In Flight Connectivity Market Research by Business Opportunities, Top Manufacture, Industry Growth, Industry Share Report, Size, Regional Analysis and Global Forecast to 2027 | Fortune Business Insights
The global In-flight Entertainment & Connectivity (IFEC) Market Size is
expected to showcase an exponential growth by reaching USD 7.68 billion by 2027
while exhibiting a CAGR of 9.76% between 2020 and 2027. The growth is
attributed to the growing adoption of advanced SATCOM technology and the
increasing demand for technologically advanced 5G technology that is likely to
drive the manufacturers to develop innovative in-flight entertainment &
connectivity solutions globally. Fortune Business Insights, published this
information in its latest report, titled, “In-Flight Entertainment
& Connectivity Market Size, Share & COVID-19 Impact Analysis, By Type
(IFE Hardware (Portable IFE System, and Non-Portable IFE System), IFE
Connectivity (Wired Connectivity, and Wireless Connectivity), and IFE Content),
By Class (First Class, Business Class, Premium Economy Class, and Economy
Class), By Aircraft Type (Narrow Body, Wide Body, Business Jets, and Regional
Aircraft), By End-User (OEM and Aftermarket), and Regional Forecast,
2020-2027.” The report further mentions that the market stood at
USD 5.71 billion in 2019 and is projected to experience substantial growth in
the forthcoming years.
Reduced Number of Flights amid COVID-19 to Restrain Growth
Several countries have imposed a ban on air travel to contain the
widespread effects of the novel coronavirus. This has led to a significant
decline in revenues witnessed by major aircraft operators. The temporary
suspension of operation of flights is expected to restrain the growth of the
market to some extent.
List of Top Companies Operating in the Global In-Flight
Entertainment & Connectivity Market:
- Astronics
Corporation (The U.S.)
- Burrana Pty Ltd
(Australia)
- Collins
Aerospace (The U.S.)
- FDS Avionics
Corp. (The U.S.)
- Global Eagle
Entertainment, Inc. (The U.S.)
- Gogo LLC (The
U.S.)
- Honeywell
International Inc (The U.S.)
- Lufthansa
Systems GmbH & Co. KG (Germany)
- Panasonic
Avionics Corporation (The U.S.)
- Safran (France)
- Sitaonair
(Switzerland)
- SmartSky
Networks, LLC (The U.S.)
- Thales Group
(France)
- Viasat, Inc.
(The U.S.)
In-flight entertainment & connectivity services enhance the
experience of passengers during air travel. The services include live video
streaming, access to internet services, and text messaging. The IFEC devices
are generally portable and non-portable that provide a plethora of
entertainment services for the passengers.
Key Highlights of the Report:
- Growth
Opportunities in the global In Flight Entertainment And Connectivity
Market across major regions during the forecast period.
- Role of emerging
markets in the global In Flight Entertainment And Connectivity Market and
the scenario during 2020-2027.
- Technological
and product developments influence the growth of the market.
- New trends and
advancements in the global In Flight Entertainment And Connectivity
Market.
- Insight on
various product types and their respective market shares in the overall
market.
Market Segmentation:
The report covers key information about the In Flight
Entertainment And Connectivity market, divided into different sections for
better understanding. This part of the report provides detailed information
about the major revenue generation, major shareholders, and dominant market
segments that are the main drivers of In Flight Entertainment And Connectivity
market growth. These details are necessary for participants to determine the
scope of future development and the potential to generate higher income.
What does the Report Include?
The market report includes quantitative and qualitative analysis
of several factors such as the key drivers and restraints that will affect
market growth. The report provides insights into the regional analysis that
covers different regions, contributing to the growth of the market. It includes
a competitive landscape that involves the leading companies. It further mentions
the strategies adopted by them, such as to introduce new products, announce
partnerships, and collaboration that will contribute to the growth of the
market between 2020 and 2027. Moreover, the research analyst has adopted
several research methodologies such as PESTEL and SWOT analysis to extract
information about the current trends and industry developments that will drive
the market growth in the forthcoming years.
KEY DRIVING FACTORS
Increasing Adoption of Advanced SATCOM Technology to Augment Growth
The growing demand for leisure traveling is propelling the
manufacturers to install advanced SATCOM technology to improve the in-flight
experience of the passengers. This technology is capable of providing seamless
connectivity at any given latitude. Owing to their high-reliability to provide
advanced entertainment & connectivity solutions in flights, SATCOM antennas
are extensively adopted by several airline operators. Additionally, the
increasing demand for advanced technologies such as 5G to provide faster and
non-stop entertainment solutions is likely to contribute to the global
in-flight entertainment & connectivity market growth during the forecast
period.
SEGMENTATION
IFE Hardware Segment Held 54.00% Market Share in 2019
The IFE hardware segment, based on type, held a market share of
about 54.00% in 2019 and is expected to showcase significant growth owing to
the rising number of aircraft deliveries that propel the demand for advanced
IFEC hardware components globally.
REGIONAL INSIGHTS
Presence of Established Companies in North America to Lead to
Development of Infotainment Services
Among all the regions, North America stood at USD 2.10 billion in
2019 and is projected to hold the highest position in the global market during
the forecast period. This is attributable to the presence of established
players such as Collins Aerospace, Gogo LLC, and Panasonic Avionics Corporation
that is focusing on developing advanced in-flight entertainment &
connectivity solutions in the region.
On the other hand, Europe is expected to hold the second position
in the market owing to the increasing adoption of up-gradation of in-flight
entertainment & connectivity services in the region between 2020 and 2027.
COMPETITIVE LANDSCAPE
Prominent Companies Focus on Product Innovation to Amplify Their
Market Positions
The global in-flight entertainment & connectivity market is
consolidated by the presence of key players that are focusing on developing
innovative in-flight entertainment & connectivity products to maintain
their stronghold. Additionally, the adoption of strategies such as merger and
acquisition, facility expansion, and partnership by the major companies is
expected to contribute to market growth.
The following queries are answered in this comprehensive document:
- Which are most
dynamic companies with portfolios and recent development within In Flight
Entertainment And Connectivity industry till 2027?
- What are the
important R&D factors and data insights to responsible for growing
market share?
- What are future
investment opportunities in the in In Flight Entertainment And
Connectivity landscape analyzing price trends?
- What are key
factors that will influence growth, including future revenue projections?
- What are market
opportunities and potential risks associated with In Flight Entertainment
And Connectivity by analyzing trends?
- How is the
market projected to grow in the upcoming years?
Key Industry Development:
July 2020 - Qingdao Airline’s A320
completed its flying journey equipped with a Ka-band Satcom based IFEC
system. The company reports that the high-speed IFEC systems are expected
to provide the best-in-class service for its passengers during flights.
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519
About Us:
Fortune Business Insights™ delivers accurate data and innovative
corporate analysis, helping organizations of all sizes make appropriate
decisions. We tailor novel solutions for our clients, assisting them to address
various challenges distinct to their businesses. Our aim is to empower them
with holistic market intelligence, providing a granular overview of the market
they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Read Press Release:
https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519
Read Related News:
Comments
Post a Comment