August 02, 2022 10:15 ET | Source: Verified Market Research Verified Market Research
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JERSEY CITY, N.J., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “In-Flight Entertainment And Connectivity Market” By Type (Hardware, Content, Connectivity), By Class (First Class, Business Class, Economy Class), and By Geography. According to Verified Market Research, the In-Flight Entertainment And Connectivity Market size was valued at USD 5.04 Billion in 2021 and is projected to reach USD 12.37 Billion by 2030, growing at a CAGR of 8.7% from 2022 to 2030.
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Global In-Flight Entertainment And Connectivity Market Overview
Internet browsing, text messaging, cell phone use (where allowed), and email are all available during the flight. In accordance with the class they select, the majority of airlines now provide inflight Wi-Fi to passengers on some flights. Airlines that offer Wi-Fi onboard are currently working to improve, accelerate, and reduce the cost of it. A popular method for providing in-flight entertainment is in-flight Wi-Fi. The expansion of new IFEC equipment aboard aircraft is another factor contributing to the growth of the content market. As a result, there is now more demand for the program.
The recent emergence of numerous Android and proprietary software has provided airlines with a wide range of possibilities. However, since most software is preinstalled on hardware, hardware dependability has a significant impact on software sales. Additionally, the market for in-flight connections is being driven by the increase in in-flight entertainment, which creates a demand for streaming data. The long-term profitability of the airline sector continues to be strongly supported by in-flight entertainment and connectivity services, which almost always bring in money. However, in the next years, the growing trend of offering media content streaming on passengers’ personal devices may be able to overcome the impediment.
The major players in the market are BAE Systems, Cobham plc., Collins Aerospace, Eutelsat Communications, Global Eagle Entertainment Inc., Gogo LLC, Honeywell International Inc., Inmarsat plc., Iridium Communications Inc., Panasonic Corporation.
Verified Market Research has segmented the Global In-Flight Entertainment And Connectivity Market On the basis of Type, Class, and Geography.
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Top 5 Cloud Managed Services using internet to deliver applications
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