Press release
In-Flight Entertainment Market Exhibit a Decent CAGR of 8.18% by 2026; To Boost Aircraft Industry, Growth Prediction by Top Manufacturers and Upcoming Opportunity 2020
The Global In Flight Entertainment Market is predicted to reach USD 9.92 billion by 2026, exhibiting a CAGR of 8.18% during the forecast period. The growing advancements in IFEC technologies to enhance the overall aircraft performance will accelerate In Flight Entertainment market trends. The rising focus of manufacturers towards safety operations to benefit passengers will have a positive impact on the In Flight Entertainment market growth during the forecast period. In addition, the increasing demand for hassle-free internet access, web browsing, and video streaming in flights will spur new opportunities for the In Flight Entertainment market in the forthcoming years.Get Sample PDF Brochure with Impact of COVID19:
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According to the report, published by Fortune Business Insights, titled “In Flight Entertainment Market Size, Share and Global Trend by Product (IFE Hardware, IFE Connectivity, and IFE Content), By Class (First Class, Business Class, Premium Economy Class, and Economy Class), By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Business Jets and Regional Aircraft), By End User (OEM and Aftermarket), and Regional Forecast, 2019- 2026” the market size stood at USD 5.40 billion. The In Flight Entertainment market report focuses on demonstrating a complete assessment of the market.
Key Questions Answered:
• Why Choose Fortune Business Insights?
• What are the key demands and trends shaping the market?
• What are the key opportunities in the market?
• What are the key companies operating in the market?
• Which company accounted for the highest market share?
• What is the market size and growth rate of the global and regional market by various segments?
• What is the market size and growth rate of the market for selective countries?
• Which region or sub-segment is expected to drive the market in the forecast period?
• What Factors are estimated to drive and restrain the market growth?
Competitive Landscape:
Acquisition of Collins by digEcor to Aid Market Expansion:-
digEcor, a passenger solutions service company announced the acquisition of Collins’ commercial inflight entertainment (IFE) business, making it the third biggest IFE player in the market. The deal between the two companies will bolster healthy growth of the market during the forecast period. The Collins’ PAVES family of seatback and overhead IFE systems, as well as PAVES On-demand, Total Entertainment System (TES), Enhanced Total Entertainment System (ETES) and content services, along with the combination of digEcor’s GLIDE, Engage, power, PSS and lighting products will boost the In Flight Entertainment market revenue in the foreseeable future. Moreover, CEO of digEcor, David Withers, said in a statement, “Collins deal will position us as “the number three player in the IFE market – and we are not stopping there. We will achieve our vision of taking the passenger experience to the next level by collectively bringing the right new technology to market and leveraging our engineering expertise and proven ability to rapidly develop and certify new products.”
Top Key Company of In-Flight Entertainment Market:-
• Safran
• Thales Group
• Astronics Corporation
• Panasonic Avionics Corporation
• Viasat, Inc.
• FDS Avionics Corp.
• Burrana Pty Ltd
• Lufthansa Systems GmbH
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https://www.fortunebusinessinsights.com/enquiry/queries/in-flight-entertainment-connectivity-market-102519
Market Restraint:
High Complexities of IFEC System to Restrict Market Growth:-
One of the biggest challenges faced by the OEMs to deliver In Flight Entertainment system at minimum weight, minimum volume, along with less maintenance cost. This factor will subsequently dampen the growth of the market in the forthcoming years. The IFEC systems. The IFEC systems include expensive hardware, which comprises of wires, displays, monitors, actuators, gaming consoles, and others. Likewise, the high cost of the aircraft hardware and product innovation will consequently restrict the growth of the market.
Major Highlights of Report:-
• Extensive analysis on each segment sectors and factors.
• A country-wise analysis of the segments and sub-segments of the market.
• The report consists of a vast amount of data industry research, product demand, sales, size, share and revenue assessment.
• Comprehensive analysis on Growth factors, opportunities, restrains opportunity and drivers.
• Complete assessment of the Porters Five Forces model and SWOT analysis of the industry.
• Drivers and opportunities are evaluated to highlight the top factors responsible for market growth.
Regional Analysis:
Presence of Hefty Manufacturers to Encourage Growth in North America:-
The market in North America stood at USD 1.70 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the presence of major OEMs in the region. Europe is predicted to witness high demand for IFEC systems in the foreseeable future owing to the rising emphasis for the advancement of In Flight Entertainment by manufacturers.
Browse Detailed Summary of Research Report With TOC:
https://www.fortunebusinessinsights.com/in-flight-entertainment-connectivity-market-102519
Asia Pacific is predicted to grow significantly during the forecast period due to the surge in commercial aircraft deliveries in developing countries such as India and China.
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