Bizizz Market Research has recently published a research report, “In-flight Entertainment Market by Component (Content, Connectivity, Hardware), Aircraft Type (Narrow-body Aircraft, Very Large Aircraft, Wide-body Aircraft), Product Type (In-Flight Connectivity (IFC), In-Flight Entertainment (IFE)), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global In-flight Entertainment Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 16.4 Bn by 2027, witnessing a CAGR of 10.2% during the forecast period.
Technological advancement in connectivity sector and rising adoption from developed countries are fuelling the market growth. The companies operating in network and connectivity Sector are highly focused on innovation and development to cope up with increasing competition in global market. This is expected to put a positive impact on the growth of global market. The installation of these services has gained popularity and proved to be beneficial both for airlines as well as end-users. Moreover, the rising adoption from developed countries including Canada, Germany, U.S. is owing to high purchasing power is expected to fuel the growth of global in-flight entertainment market during the forecast period.
The In-flight Entertainment market is anticipated to register a CAGR of over 10.2% during the forecast period.
To Have A Glimpse Of The Report Or To Avail The Free Sample Click The Link Below:
By Aircraft Type, Wide-Body Aircraft Segment Held a Prominent Share in Global In-flight Entertainment Market in 2018.
By aircraft type, the wide-body aircraft is anticipated to hold maximum share over the forecast period whereas the narrow-body aircraft segment is estimated to witness rapid growth in coming years. The wide-body aircrafts are used for international routes and long-haul flights which necessitate the availability of onboard entertainment services and data capability.
By Product Type, In-Flight Connectivity (IFC) Segment of Global In-flight Entertainment Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period
IFC segment is projected to witness highest growth over the forecast period. The growth of the segment can be accredited to growing demand for on-board Wi-Fi services. It has been observed, since last few years it has become necessary for airlines to provide on-board Wi-Fi and entertainment services throughout the journey to sustain in the highly competitive market.
North Americais Anticipated to Dominate the Global In-flight Entertainment Market during the Forecast Period
By geography, North America is anticipated to hold maximum share throughout the forecast period. Europe is the second highest revenue generator in global in-fight entertainment market. The growth of North America can be credited to the dense flight networks spread across Canada and USA and the matured airline industry. Moreover, the American airlines are increasingly adopting technological advancements intended to provide entertainment and Wi-Fi services to their customers which is expected to fuel the regional growth. On the other hand, Asia Pacific is projected to show rapid growth during the forecast period. Emergence of BYOD and PED market supports the growth of in-flight entertainment market in Asia Pacific.
Global In-flight Entertainment market was highly fragmented among the number of local and global players. Prominent players operating in the Global In-flight Entertainment Market are: Lufthansa Systems GmbH & Co. Kg, Honeywell International, Zodiac Aerospace, Digecor, Inc., Sitaonair, Viasat, Inc., Rockwell Collins, Inc., Gogo LLC, Global Eagle Entertainment, Inc., Thales Group, and Panasonic Avionics Corporation
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
About Bizizz Market Research:
Bizizz Market Research (BMR) is a unique market research, consulting, and business solution organization that offers best strategic and tactical support to customers to enhance their business decision process. BMR team is full of impassioned & dedicated experts who thrives to give their very best to their clients and always ready to take any challenge.
Our expanding team of professionals & experts from a wide array of streams and vertical has critical problem solving skills, innovative approaches and research techniques to deliver best solution to our clients. We continuously pushing our capabilities to enhance our services and setting higher quality goals each day. BMR offers syndicated reports, custom reports and consulting services to our clients. We are capable of catering the market research demands of individuals and organizations of various industries across different geographies with utmost data accuracy in minimal turnaround time.
Bizizz Market Research
410 E Santa Clara Street, Unit #762
San Jose, CA 95113
Phone: +1 408-622-0123
Email : firstname.lastname@example.org