Inflight entertainment and connectivity market to reach $7.68 billion by 2027

According to Fortune Business Insights, the global in-flight entertainment and connectivity market size is expected to reach USD 7.68 billion by 2027, at a CAGR of 9.76% during the forecast period 2020-2027.Rising need to improve passenger travel experience to drive market growth

Pune, India, September 28, 2022 (GLOBE NEWSWIRE) — Global Inflight Entertainment & Connectivity Market It is projected to grow at a rapid pace during the forecast period owing to increasing demand for entertainment and enhancing passenger travel experience. Fortune Business Insights™ We 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 US$5.71 billion Projected to reach in 2019 US$7.68 billion by 2027 CAGR 9.76% During the period 2020-2027.

Impact of COVID-19:

Demand for travel facilities declines as pandemic stunts market growth

During the COVID-19 pandemic, the government has completely restricted travel and transportation activities. People also avoided unnecessary travel during the early stages of lockdowns to control the spread of the virus. These factors hampered global market demand for in-flight entertainment and connectivity. Additionally, restrictions on manufacturing and production units have impacted production rates for various major companies, hampering overall performance during the pandemic.

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List of key players profiled in the Inflight Entertainment and Connectivity market report:

• Astronics (U.S.A.)

• Burrana Pty Ltd (Australia)

• Collins Aerospace (USA)

• FDS Avionics Corp. (USA)

• Global Eagle Entertainment, Inc. (USA)

• Gogo LLC (United States)

• Honeywell International Inc. (US)

• Lufthansa Systems GmbH & Co. KG (Germany)

• Panasonic Avionics (USA)

• Saffron (France)

• Citaonea (Switzerland)

• SmartSky Networks, LLC (United States)

• Thales Group (France)

• Biasat (U.S.A.)

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Report scope and segmentation:

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Effects of the Russo-Ukrainian War:

The current Russian-Ukrainian war crisis has changed the dynamics of the European defense industry in 2022. About 25 countries planned to help the Ukraine war crisis. These countries provide support in terms of arms support, funding, special military operations, and more. European and NATO countries are delivering munitions, ground surveillance radars, fire detection weapons, and other systems to western Ukraine via Poland. Thus, an increasing demand for military antennas has been observed recently. These factors are expected to boost the demand for products in the satellite communications and defense sectors.

segment:

Increasing Adoption of SATCOM Technology to Dominate IFE Content Segment Growth

By type, the market is divided into IFE hardware, IFE connectivity, and IFE content. These segments are further classified into portable IFE systems, non-portable IFE systems, wired connectivity, and wireless connectivity sub-segments. The IFE content segment is expected to register the highest growth rate due to increasing adoption of SATCOM technology.

Increased installation of premium economy class seats by low-cost airlines, driving segment growth

Based on 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 due to the increasing installation of these seats by low cost airlines.

Narrow body aircraft segment to lead the market during the forecast period

Based on aircraft type, the market is segmented into narrowbody, widebody, business jet, and regional aircraft. The narrowbody segment is leading the market due to increasing demand from airlines offering domestic and international air travel services.

OEM segment dominates market with development of advanced seat structures

According to end users, the market is divided into OEM and aftermarket. Development of advanced seat structures integrated with advanced IFE systems to enhance the growth of the OEM segment during the forecast period.

Geographically, the market share is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Rest of the World.

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Detailed table of contents:

• prologue

• executive summary

• market dynamics

  • market driver

  • market constraints

  • market opportunity

• key insight

  • Major Industry Developments – Mergers, Acquisitions, Partnerships

  • latest technological advances

  • Porters Five Forces Analysis

  • Supply chain analysis

• qualitative insight

  • Impact of COVID-19 on Inflight Entertainment and Connectivity Market

  • Actions taken by industry/government/company to overcome impact

  • Key industry developments in response to COVID-19

  • Potential Opportunity Due to COVID-19 Outbreak

TOC continues…!

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Drivers and restraints:

Rising need to improve passenger travel experience to drive market growth

The market is expected to grow significantly during the forecast period owing to the increasing need to improve passenger’s in-flight experience. Also, rising interest in maintenance of in-flight entertainment and connected devices 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 can hinder market growth.

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 due to increasing demand for electric and long-haul business jets. In 2019, the regional market was USD 2.1 billion.

Competitive environment:

Heavy investment in R&D allows companies to introduce new products

Key market players are focused on implementing various business growth strategies. Leading companies are looking to form strategic alliances, mergers, partnerships, and collaborations to expand their business globally. Additionally, businesses can drive growth by investing in technological advancements and launching new services.

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Key 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 connectivity hardware equipment is expected to help Collins Aerospace provide its passengers with high-speed global connectivity to enable a range of remote conferencing and streaming entertainment services.

• June 2021: Inflight Dublin announced that it will provide Everhub, its wireless in-flight entertainment solution, on Sunclass Airlines’ A321 aircraft. The company also provides in-flight entertainment (IFE) content such as television shows, box sets, Hollywood movies, music and publications for Sunclass Airlines on his A330 aircraft.

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