$11.65 Bn In-flight Entertainment & Connectivity Markets – Global Opportunity Analysis and Industry Forecast, 2021-2030 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “In-flight Entertainment & Connectivity Market by Type, Aircraft, and Connectivity: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.
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%.
North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global in-flight entertainment and connectivity market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making in-flight entertainment and connectivity solutions.
Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of in-flight entertainment and connectivity services across several Asian nations, for instance, China, India, Japan, and South Korea.
By type, the 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.
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.
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
MARKET DYNAMICS
Drivers
- Advancement in Connectivity Technologies
- Growth in Number of Airline Passengers
Restraints
- Huge Untapped Market Opportunity in Developing Regions
Opportunities
- High Cost Associated With Networking Technologies and Connectivity Hardware
KEY PLAYERS
- Anuvu
- EchoStar Corporation
- Honeywell International Inc
- Intelsat
- Kymeta Corporation
- Panasonic Corporation
- SITA (Onair)
- Thales Group
- Thinkom Solutions, Inc
- Viasat Inc
KEY MARKET SEGMENTS
By Type
- IFE Hardware
- IFE Connectivity
- IFE Content
By Aircraft
- Wide-body
- Narrow-body
- Business Jet
By Connectivity
- Satellite Connectivity
- Ground-to-Air Connectivity
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/oofbzf
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