According to a recent report published by Allied Market Research, titled, “In-flight Entertainment and Connectivity Market by Type, Aircraft, and Connectivity: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global in flight entertainment and connectivity market was valued at $4.13 billion in 2020, and is projected to reach $11.65 billion by 2030, registering a CAGR of 11.36%.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/2145
Depending on connectivity, the in-flight entertainment and connectivity market is fragmented into satellite connectivity and air-to-ground connectivity. The satellite connectivity segment was the highest revenue contributor in 2020, owing to high demand for satellite connectivity for providing in flight entertainment and connectivity.
Covid-19 Scenario:
- The adoption of in-flight entertainment & connectivity reduced considerably during the pandemic. The revenue in the aviation sector declined due to stoppage of operations and restrictions on international & domestic travel during the lockdown.
- Airports and airlines suffered huge losses during the pandemic. This further stopped them and government authorities to invest in advanced in-flight entertainment and connectivity systems.
By type, the global in-flight entertainment and connectivity market is segregated into IFE hardware, IFE connectivity, and IFE content. The IFE hardware segment accounted for the highest revenue in 2020, owing to high cost of hardware components that are installed in aircraft.
On the basis of aircraft, the market is segmented into wide-body, narrow-body, and business jets. The wide-body segment garnered the highest revenue in 2020, owing to high penetration of in-flight entertainment and connectivity solutions in wide-body aircraft.
𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝘁𝗼 𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁? 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 – https://www.alliedmarketresearch.com/purchase-enquiry/2145
Key Findings Of The Study
- By type, the IFE content segment is expected to register a significant growth during the forecast period.
- On the basis of aircraft, the narrow body segment is anticipated to exhibit significant growth in future.
- Depending on connectivity, the satellite connectivity segment is anticipated to exhibit significant growth in future.
- Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
The key players that operate in the global in flight entertainment and connectivity market include Anuvu, EcoStar Corporation, Honeywell International Inc, Intelsat, Kymeta Corporation, Panasonic Corporation, SITA (OnAir), Thales Group, Thinkom Solution, and Viasat Inc.
𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁: https://www.alliedmarketresearch.com/in-flight-entertainment-and-connectivity-market/purchase-options