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European In-Flight Entertainment and Connectivity (IFEC) Market Research Report 2021-2027 | Share, Trends, Industry Analysis Report.

09-06-2021 12:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

European IFEC market is estimated to grow significantly at a CAGR of 8.2% during the forecast period. The major factor for the growth of the market includes the rising aviation market of the region, increasing the need for internet connectivity in airplanes due to the rising trend of BYOD devices, technological advancement and so on. The various manufacturing plants of the commercial airplane in the region including Airbus SE is catering to significant B2B demand of the market. The Netherlands, UK, Germany, Spain, Italy, and France are the major countries contributing to market growth as these countries are among the leading aviation market in the region. As per the World Bank, air passengers traveled in the European Union increased from 616 million in 2014 to 802 million in 2018. In the European Union, the overall growth of around 30% has been witnessed in the air passenger travel in the period of 2014-2018.

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The market is segmented on the basis of type, and class. Based on type, the market is segregated into in-flight entertainment and in-flight connectivity. The in-flight entertainment segment is anticipated to hold considerable market share during the forecast period. The growth of the in-flight entertainment segment is attributed to the surge in demand for continuous entertainment, such as video streaming, by the passengers onboard. The in-flight connectivity segment is driven by the increasing use of smartphones and the rising trend of connectivity solutions in airlines among others. Based on class, the market is segmented into first class, business class, and economy class. These are classified on the basis of different characteristics that include the cost of travel, available amenities, and ambience. In terms of market share, the business class segment is anticipated to hold a considerable share in the in-flight entertainment and connectivity market.

Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/european-in-flight-entertainment-connectivity-ifec-market

The companies which are contributing to the growth of the European IFEC market include AirFi.aero, BAE Systems PLC, Cobham PLC, Deutsche Telekom AG, Eutelsat S.A., Marlink SAS, Inmarsat PLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation
European IFEC Market by Type
• In-Flight Entertainment
• In-Flight Connectivity

European IFEC Market by Class
• First Class
• Business Class
• Economy Class

Regional Analysis
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

Company Profiles
• AirFi.aero
• BAE Systems PLC
• Cobham PLC
• Deutsche Telekom AG
• Eutelsat S.A.
• Marlink SAS
• Inmarsat PLC
• Lufthansa Systems GmbH & Co. KG
• Safran S.A.
• Thales Group

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/european-in-flight-entertainment-connectivity-ifec-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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