Entertainment

In-flight entertainment and communications market to hit $11.65

PORTLAND, OR, June 16, 2022 (GLOBE NEWSWIRE) — According to a report released by Allied Market Research, global in-flight entertainment and communications market generated $4.13 billion in 2020 and is expected to reach $11.65 billion in 2030, representing a CAGR of 11.36% from 2021 to 2030. and competitive scenario.

Advances in connectivity technologies, supportive policies for the use of personal electronic devices on board and an increase in the number of air passengers are driving the growth of global IFEC market. However, the high cost associated with network technology and connectivity equipment is holding back market growth. On the other hand, the surge in demand for advanced communications and in-flight content streaming services opens up new opportunities in the coming years.

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Covid-19 scenario:

  • During the pandemic, the use of in-flight entertainment and communications has dropped significantly. Revenue in the aviation sector declined due to the shutdown of operations and restrictions on international and domestic travel during the lockdown.
  • Airports and airlines have suffered huge losses during the pandemic. This further stopped them and government agencies from investing in advanced in-flight entertainment and communications systems.

The report provides detailed segmentation of the global in-flight entertainment and communications market based on type, aircraft, connectivity and region.

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Depending on the type, the IFE equipment segment provided the largest share in 2020, accounting for more than half of the total market share, and is projected to maintain its leading position during the forecast period. However, the IFE content segment is expected to register the highest CAGR of 13.2% from 2021 to 2030.

In 2020, the satellite communications segment held the largest market share, providing nearly two-thirds of the global in-flight entertainment and communications market, and is expected to maintain its status as a leader in terms of revenue by 2030. this segment is forecast to post the largest CAGR of 11.9% during the forecast period. The study also analyzes the air-to-ground communication segment.

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Depending on the region, North America accounted for the largest share in 2020, representing nearly two-fifths of the total market share, and is projected to maintain its leadership status by 2030. 13.3% during the forecast period.

Leading players in the global in-flight entertainment and communications market analyzed in the study 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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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises and SMBs with the unrivaled quality of Market Research Reports and Business Intelligence Solutions. AMR’s goal is to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization to deliver high-quality data and insights. We are in professional corporate relationships with various companies and this helps us to find market data which helps us to create accurate tables of research data and confirms the maximum accuracy of our market forecasts. Without exception, all the data presented in our published reports is extracted from primary interviews with top officials of leading companies in the relevant field. Our methodology for obtaining secondary data includes in-depth online and offline research and discussions with knowledgeable professionals and analysts in the industry.

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