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In-flight Entertainment Market Will Hit at a Volume CAGR 10.8% From 2027 - Lead by Burrana, Honeywell International, Thales Group, Viasat, Deutsche Lufthansa AG, Safran Aerosystems, Panasonic, Astronics and Gogo

06-18-2019 08:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
In-flight Entertainment Market

In-flight Entertainment Market

According to the new research report published by The Insight Partners, titled “In-flight entertainment - Global Analysis and Forecast to 2027”, The Global In-Flight Entertainment Market is expected to reach US$ 12,419.7 million in 2027, registering a CAGR of 10.8% during the forecast period 2019-2027.

In 2018, North America accounted for the largest share in the in-flight entertainment market. APAC region is expected to be the fastest growing region in the in-flight entertainment market. The demand for in-flight entertainment is anticipated to be robust, and will highly impact the choice of airlines. This trend is particularly to be witnessed in China, where the majority of the passengers believe that in-flight entertainment services would be among their priority to choose airlines.

Get PDF Sample Copy of this Report @ http://bit.ly/2XkxHSM

The List of Companies

1. Burrana Inc. (Digecor, Inc.)
2. Honeywell International Inc.
3. Thales Group
4. Viasat, Inc.
5. Deutsche Lufthansa AG
6. Safran Aerosystems
7. Panasonic Corporation (Panasonic Avionics Corporation)
8. Astronics Corporation
9. Global Eagle Entertainment Inc.
10. Gogo, LLC

In the recent few years, in-flight entertainment market has noticed noteworthy M&A and partnership activity. Some of the significant deals include, in 2019 digEcor acquired the commercial IFE business from Collins Aerospace, and re-brands company as Burrana.

The acquisition is expected to bring together the former Rockwell Collins’ PAVES family of seat back and overhead solutions, as well as PAVES™ On-demand, Enhanced Total Entertainment System (ETES), Total Entertainment System (TES), and content services, with digEcor’s GLIDE, Power, Engage, PSS and Lighting products. The combination is anticipated to support Burrana to deliver best-of-breed solutions for airlines seeking to offer an extraordinary passenger experience.

Another initiative had also undertaken in 2018. Honeywell entered into an exclusive agreement with Inmarsat Plc. (UK) for providing in-flight connectivity services to commercial, business, and government aviation customers globally. Under this agreement, Honeywell will produce, develop, and distribute its onboard hardware for enabling its users to get connected to Inmarsat's Global Xpress network.

Strategic Insights

New market initiatives was observed as the most adopted strategy in global in-flight entertainment market. Few of the recent market initiatives are listed below:

2019: Gogo Inc. and Phasor announced their development partnership has achieved its initial core-technology performance objectives and will progress to the productization phase. During the next phase, the technology is expected to be packaged as an airborne terminal to address the commercial aviation market. Phasor is pleased to partner with GOGO Inc. so that together they may address the growing demand for communications in the aeronautical broadband sector.

2018: PAC introduced new Innovation Studios at key centers across the globe. This new center will influence the cloud-based infrastructure for enhance its collaboration, strengthening its partner eco-system, and maintaining the range of value-added services company offer to their airline customers. Through this the user can get the maximum value from their inflight entertainment and connectivity (IFEC) investments.

2017: Thales announced on December 2017, that it will acquire digital security vendor Gemalto in a deal valued at 4.8 billion euros, or $5.6 billion. Gemalto was pursued by French firm Atos, which announced its intention to acquire Gemalto on December 2013. Atos offered 46 euros per Gemalto share, while Thales is offering 51 euros per Gemalto share.

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Reasons to Buy the Report:

• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

Contact Us:

The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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