Global In-Flight Entertainment & Connectivity Market: Key Highlights
Global In-Flight Entertainment & Connectivity Market: Key Market Dynamics
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Global In-Flight Entertainment & Connectivity Market: Regional Overview
The in-flight entertainment & connectivity market in the North America region is projected to witness high demand due to the high production of aircraft in the region.
The US aerospace industry is the largest across the globe and contributed to around USD 374 billion of the country’s GDP in 2018. In the same year, the aerospace and defense exports of the country were USD 151 billion, which was an increase of 5.81% as compared to 2017. Moreover, extensive R&D spending in the aerospace & defense industry is likely to propel the demand for In-Flight entertainment and connectivity in the forecast period.
With the rapid growth of the aerospace & defense industry in Europe, the demand for aerospace valves is expected to increase. According to the Aerospace & Defense Industries Association of Europe, the total turnover stood at USD 281.67 billion in 2018. The country invested USD 21.76 billion in aerospace & defense R&D.
Global In-Flight Entertainment & Connectivity Market: Key Players Overview
Thales Group is a multinational company which provides its services to aerospace, defense and transportation. The Thales provides an entertainment solution to connect the airlines passengers and to deliver a comfortable experience throughout its journey. The company has generate IFE system which offer exceptional in-flight for both passenger and airlines globally with its new technology. In 2018, the company has expansion in it in-flight entertainment and connectivity solution and services to enhance the revenue and customer experience.
Honeywell International Inc. is a US-based company engaged in the invention and commercialization of technologies for overcoming the challenges across energy, safety, security, productivity, and global urbanization. In 2018, the company has entered into a business for the airlines cabin services market as value added reseller Inmarsat's GX Aviation in-flight broadband service for the customer around the world.
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