Entertainment

With a CAGR of 9.76%, in-flight entertainment and connectivity

Pune, India, June 23, 2022 (GLOBE NEWSWIRE) — Global in-flight entertainment and communications market it is projected to grow at a rapid pace over the forecast period due to the growing demand for entertainment and the improvement in the quality of travel for passengers. Fortune Business Insights™ publishes this information in a report entitled In-flight entertainment and communications market2020-2027″. According to the report, the volume of the in-flight entertainment and communications market amounted to US$5.71 trillion in 2019 and is projected to reach US$7.68 trillion by 2027 at the level CAGR 9.76% in the period 2020-2027

Impact of COVID-19:

The decline in demand for tourist facilities amid the pandemic slowed down the growth of the market

During the COVID-19 pandemic, the government has completely restricted travel and transportation activities. In addition, the public avoided unnecessary travel during the initial lockdown to control the spread of the virus. These factors have hampered global market demand for in-flight entertainment and communications. In addition, restrictions on production and production units have affected the pace of production of various leading companies and slowed down the overall performance of the business during the pandemic.

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List of Key Players Featured in the Inflight Entertainment & Communications Market Report:

  • Astronix Corporation (USA)
  • Burrana Pty Ltd (Australia)
  • Collins Aerospace (USA)
  • SDS Avionics Corp. (US)
  • Global Eagle Entertainment Inc. (USA)
  • Gogo LLC (USA)
  • Honeywell International Inc (USA)
  • Lufthansa Systems GmbH & Co. KG (Germany)
  • Panasonic Avionics Corporation (USA)
  • Saffron (France)
  • Sitaonair (Switzerland)
  • SmartSky Networks, LLC (USA)
  • Thales Group (France)
  • Viasat Inc. (USA)

Report scope and segmentation:

report attribute Details
Market size in 2019 US$5.71 trillion
Revenue forecast in 2027 US$7.68 trillion
growth rate CAGR of almost 9.76% during 2020-2027
Base year 2019
Historical years 2016- 2018
Forecast years 2020- 2027
Covered segments By source, by type, by distribution channel and by geography
Forecast units Cost (million US dollars) and volume (units)
Quantity units Revenue in million/billion USD and CAGR from 2021 to 2028
Covered regions North America, Europe, Asia Pacific, South America, Middle East and Africa, and the rest of the world
Countries Covered USA, Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, Gulf countries and South Africa, among others
Number of companies covered Companies covered by the in-flight entertainment and communications market: Astronics Corporation (USA), Burrana Pty Ltd (Australia), Collins Aerospace (USA), SDS Avionics Corp. (US), Global Eagle Entertainment Inc. (USA), Gogo LLC (USA), Honeywell International Inc (USA), Lufthansa Systems GmbH & Co. KG (Germany), Panasonic Avionics Corporation (USA), Saffron (France), Sitaonair (Switzerland), SmartSky Networks, LLC (USA), Thales Group (France), Viasat Inc. (USA) and other key players
coverage report Market Growth Drivers, Constraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Environment, Market Attractiveness Analysis by Segment and Region, Company Market Share Analysis, and COVID-19 Impact Analysis.
Scope of customization Take advantage of customized purchase options to meet your research needs exactly.

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Report coverage:

The report sheds light on qualitative and quantitative data on market developments and profitable opportunities for leading companies. Drivers and restraints affecting the growth of the market during the forecast period are highlighted further in this report. The impact of the COVID-19 pandemic on the expansion and development of the market is also mentioned, as well as the various strategies adopted by the leading players to overcome the losses from the pandemic.

Consequences of the Russian-Ukrainian war:

The current military crisis between Russia and Ukraine has changed the dynamics of the European defense industry in 2022. About 25 countries planned to support the military crisis in Ukraine. These countries provide support in terms of weapons, finances, special military operations, etc. European countries and NATO countries supply munitions, ground surveillance radars, fire-search weapons and other systems to western Ukraine through Poland. Thus, there has been an increase in demand for military antennas recently. These factors are expected to boost demand for satellite communications and defense products.

segments:

Growing 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 divided into sub-segments: portable IFE systems, non-portable IFE systems, wired connection and wireless connection. The IFE content segment is expected to register the highest growth rates due to the growing adoption of SATCOM technology.

Increasing premium economy class seats by low cost airlines to support segment growth

Depending on the class, the market is divided into first class, business class, premium economy class and economy class. The premium economy segment is expected to lead the market in the coming years due to the fact that low-cost airlines are increasingly installing these seats.

The narrow-body aircraft segment will lead the market in the forecast period

Depending on the type of aircraft, the market is divided into narrow-body, wide-body, business jets and regional aircraft. The narrow-body aircraft segment is leading the market due to the growing demand from airlines for the provision of domestic and international air transportation services.

The OEM segment will dominate the market through the development of advanced seat designs

According to end users, the market is divided into OEM and aftermarket. Develop advanced seating designs integrated with advanced IFE systems to support OEM growth during the forecast period.

Geographically, the market share is divided into North America, Europe, Asia-Pacific, Middle East and Africa and the rest of the world.

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Detailed content:

  • Introduction
    • Field of study
    • Market segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market restrictions
    • Market opportunities
  • Key Ideas
    • Key events in the industry – mergers, acquisitions and partnerships
    • Latest technological advances
    • Porter’s Five Forces Analysis
    • Supply chain analysis
  • Qualitative insights
    • Impact of COVID-19 on the in-flight entertainment and communications market
    • Steps taken by industry/government/companies to deal with the impact
    • Key industry developments in response to COVID-19
    • Potential Opportunities Due to the COVID-19 Outbreak

CBT Continued…!

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Drivers and restrictions:

Growing need to improve passenger transportation to support market growth

The market is expected to grow significantly over the forecast period due to the growing need to improve the in-flight passenger experience. In addition, the growing attention to the maintenance of in-flight entertainment and communications equipment is expected to drive the development of the market in the coming years. These factors are expected to drive growth in the in-flight entertainment and communications market during the forecast period.

However, the complex design architecture of the IFEC system may hinder market growth.

Regional data:

North America holds the highest market share due to growing demand for electric jet engines

North America dominates the global in-flight entertainment and communications market due to growing demand for electric and long haul business jets. In 2019, the regional market was US$2.10 billion.

Competitive environment:

High investment in research and development allows companies to introduce new products

Key market players are focused on implementing various business growth strategies. Leading companies are considering strategic alliances, mergers, partnerships and collaborations to expand their business globally. In addition, investing in technological advances to launch new services allows companies to drive growth.

Key industry developments:

  • February 2021: Astronics Corporation announced that it has received an approximately $11 million contract from Collins Aerospace for business jet connectivity equipment. The company’s connectivity hardware is expected to help Collins Aerospace provide high-speed connectivity around the world that will enable passengers to enjoy a wide range of remote conference and streaming entertainment services.
  • June 2021: Inflight Dublin announced the delivery of its Everhub wireless inflight entertainment solution to Sunclass Airlines’ A321 aircraft. The company also offers in-flight entertainment (IFE) content including TV shows, box sets, Hollywood movies, music and publications for the Sunclass Airlines A330 fleet.

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