In-Flight Entertainment and Connectivity Market Poised to Achieve $11.65 Billion Valuation by 2030, Reveals AMR
OREGAON, PORTLAND, UNITED STATESย , February 5, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global in-flight entertainment & connectivity market generated $4.13 billion in 2020, and is expected to reach $11.65 billion in 2030, witnessing a CAGR of 11.36% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/2145
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.
The report offers detailed segmentation of the global in-flight entertainment & connectivity market based on type, aircraft, connectivity, and region.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐, the IFE hardware segment contributed to the highest share in 2020, accounting for more than half of the total market share, and is projected to maintain its lead position during the forecast period. However, the IFE Content segment is expected to register the highest CAGR of 13.2% from 2021 to 2030.
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐จ๐ง๐ง๐๐๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ, the satellite connectivity segment held the largest market share in 2020, contributing to nearly two-thirds of the global in-flight entertainment & connectivity market, and is expected to maintain its leadership status in terms of revenue by 2030. Moreover, this segment is projected to manifest the largest CAGR of 11.9% during the forecast period. The research also analyzes the air to ground connectivity segment.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/in-flight-entertainment-and-connectivity-market/purchase-options
๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐๐ ๐ข๐จ๐ง, 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.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :-
Anuvu,
EcoStar Corporation,
Honeywell International Inc,
Intelsat,
Kymeta Corporation,
Panasonic Corporation,
SITA (OnAir),
Thales Group,
Thinkom Solution,
Viasat Inc.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/2145
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
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The COVID-19 impact on the in-flight entertainment & connectivity market is unpredictable, and is expected to remain in force for a few years.
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The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and banimportโexport of raw material items for most of 2020& few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing in-flight entertainment (IFE) screens and other components.
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Moreover, nationwide lockdown forced IFE manufacturing facilities to partially or completely shut their operations.
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Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advancedIFE components globally.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
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David Correa
Allied Market Research
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