In-Flight Entertainment (IFE) Market size, Share Segmented, Applications - Size, Growth, Trends, and Forecasts 2021

Global In-Flight Entertainment (IFE) Market. The In-Flight Entertainment (IFE) Market Is Expected To Grow At The CAGR Of 13.07% During The Period 2017 To 2023.
Market Highlights
In Order To Provide Better And Unique Flying Experience, Airlines Are Equipping Their Fleets With Advanced In-Flight Entertainment (IFE) Systems. Moreover, Connectivity Within The Flight Has Become An Important Catalyst In Airline's Day-To-Day Operations And It Provides The Operator With The Opportunity To Enhance Customer Loyalty And Satisfaction. Airlines, Across The World, Are Widely Adopting Air-To-Ground (ATG) And Satellite Networks To Avail This Facility.  Meanwhile, The Conventional (Embedded Or Seat-Back) In-Flight Entertainment System Implementation Necessitates Sizable Investment And Extensive Cabling That Adds Bulk And Weight To Seats, Causing The Aircraft To Burn Fuel More Quickly, Ultimately Increasing The Cost Of Air Travel. Therefore, Owing To These Factors, Along With The Emerging Trend Of Personalization And Wireless IFE Concept, Airlines Are Focusing On Streaming Content To Passengers’ Device.
Market Research Analysis
In terms of platform, narrow-body segment accounted for the largest market share of 66.94% in 2016, with a market value of USD 2,206.4 million. Although the narrow-body aircraft has a lesser capacity than the wide-body aircraft, they are larger in number. Some major narrow-body aircraft are Airbus A318, A319, A320, and A321, and Boeing B727s and B737s. These planes generally fly over short routes and are, thus, suited to cater to budget travelers. Moreover, there has been a rise in the number of low-cost carriers in the recent years, which has propelled the market for narrow-body planes, globally. Therefore, the narrow-body aircraft segment in the in-flight entertainment market is estimated to grow at the highest CAGR of 13.43%.
On the basis of product type, the connectivity & communication segment is poised to grow at the fastest pace during the forecast period. The connectivity & communication segment comprises all the aspects (both tangible and intangible) that aid in establishing in-flight connections. It includes onboard mobile telephony systems, onboard internet, and power access, among others. It is further segmented into wired and wireless. In-flight connectivity was limited to only a few airlines a couple of years ago but now, many airlines are veering towards providing onboard communication and connectivity solutions, so that passengers can stay in contact with people on ground.
Scope of the Report
This study provides an overview of the global in-flight entertainment market, tracking three market segments across five regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global in-flight entertainment market by platform, product type, service type, and region. Moreover, the North America and Europe regions have been segmented on the basis of technology into air-to-ground technology and satellite technology.
Access Report Details @ https://www.marketresearchfuture.com/reports/in-flight-entertainment-market-5808


Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more