Press release
In-flight Entertainment & Connectivity Market is Booming Worldwide to Reach $11.65 billion by 2030 | Growth Business Opportunity
In-flight Entertainment & Connectivity Market
Advancements in connectivity technologies, supportive policies to use personal electronic devices onboard, and rise in number of airline passengers drive the growth of the global IFEC market. However, high cost associated with networking technologies and connectivity hardware restrains the market growth. On the other hand, surge in demand for advanced in-flight connectivity & content streaming services presents new opportunities in the coming years.
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Advancement in connectivity technologies and growth in number of airline passengers are expected to drive in-flight entertainment and connectivity market during the forecast period. However, high cost associated with networking technologies and connectivity hardware is anticipated to hamper the growth of the market. Moreover, huge untapped market opportunity in developing regions is expected to offer lucrative opportunities for the market in future.
The report offers detailed segmentation of the global in-flight entertainment & connectivity market based on type, aircraft, connectivity, and region.
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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.
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Based on region, North America accounted for the highest share in 2020, contributing to nearly two-fifths of the total market share, and is projected to continue its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 13.3% during the forecast period.
Leading players of the global in-flight entertainment & connectivity market analyzed in the research include Anuvu, Honeywell International, Inc., EcoStar Corporation, Kymeta Corporation, Intelsat, SITA (OnAir), Panasonic Corporation, Thinkom Solution, Thales Group, and Viasat Inc.
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