IN-FLIGHT ENTERTAINMENT & CONNECTIVITY MARKET TO REACH USD 8.2 BILLION BY 2024 | CAGR 10.1% – FORENCIS RESEARCH

In-flight Entertainment and Connectivity Market Size, Share, Trends, Growth, Analysis, Research

Global In-Flight Entertainment & Connectivity Market: Key Highlights

  • According to the new market research report In-Flight Entertainment & Connectivity Market by Entertainment Type (Audio, Video), by Connectivity (Seatback, Wireless), by Aircraft (Single Aisle Aircraft, Twin Aisle Aircraft), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2017 to 2024”, the global In-Flight Entertainment & Connectivity Market is estimated to reach USD 8.2 Billion by 2027 at a CAGR of around 10.1% during the review period.
  • IFEC includes streamed and offline shows, movies, games, and other entertainment solutions, which help the passengers to pass their time in the long haul flights in a better way.
  • The concept of IFEC has given result to more interactive, engaging and enjoyable journey experience. In addition to entertainment, passengers are able to view flight details and access trackable maps. Owing to its advantages, it is widely adopted in wide-body and narrow-body aircraft.

In-flight Entertainment and Connectivity Market

Global In-Flight Entertainment & Connectivity Market: Key Market Dynamics

  • Increasing demand for engaging and interactive entertainment by passengers onboard has given rise to in-flight shopping and games which is projected to boost market growth
  • With the growing demand from customers for in-flight entertainment and connectivity, the airline companies are putting extra efforts to offer better entertainment and connectivity solutions, which is fueling the market growth. Higher count of the aircraft manufacturers and airlines are investing heavily in order to gain a competitive advantage from their competitors.
  • The growth of the in-flight entertainment and connectivity market is mainly hindered owing to rising concerns regarding the cyber threats. With the increasing penetration of the Internet and the ongoing trend of using smartphones, tablets, and laptops as an in-flight connectivity solution has created a higher threat to cyber security.
  • Rising installation of entertainment solutions by the key players owing to higher demand from customer for pleasant and satisfactory travel experience is further boosting the growth of product market.

Request Sample PDF of Global In-Flight Entertainment & Connectivity Market:

https://www.forencisresearch.com/in-flight-entertainment-and-connectivity-market-sample-pdf/

Global In-Flight Entertainment & Connectivity Market: Regional Overview

  • North America

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.

  • Europe

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

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.:

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.

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.

Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.

 

Contact Us:

FORENCIS RESEARCH

USA
Aurora
CO 80014

Phone: +1 (720) 306 9020

Email: sales@forencisresearch.com

Website: www.forencisresearch.com

Rep Id : AnD 030

Published : 2020-01-21