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In-flight Entertainment & Connectivity Market Growth Opportunities & Challenges (2021-2026)

The Global In-Flight Entertainment & Connectivity Market is anticipated to reach USD 6.1 billion by 2026, at a CAGR of 5.2% over the forecast period, from an estimated USD 4.7 billion in 2021.

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In-flight Entertainment & Connectivity Market Growth Opportunities & Challenges (2021-2026)

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  1. In-flight Entertainment & Connectivity Market Growth Opportunities & Challenges (2021- 2026) A thorough trend analysis from 2017 to 2026 is included in the market study on in- flight entertainment and connection. Together with drivers, restrictions, challenges, and opportunities that affect the market's growth, it examines current industry and technological trends. The Global In-Flight Entertainment & Connectivity Marketis anticipated to reach USD6.1 billion by 2026, at a CAGRof 5.2% over the forecast period, from an estimated USD 4.7 billion in 2021. This market is expandingasaresultofrisingin- flight experience demand, a rise in aircraft deliveries and renewals, and technical advancements. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=860 With a market share of 60% in 2021, the IFE hardware segment is anticipated to dominate the market during the forecast period. Airlines can upload, store, and transport entertainment content to the in-flight entertainment systems using IFE technology. The launch of more products by businesses like Thales Group fuels the segment'sexpansion.Thesegoodshaveattributeslike4KHDRdisplaysandanopen operatingsystem. According to class, the market for in-flight entertainment & connectivity is anticipated to grow at the greatest CAGR over the forecast period in the first-class category. The need for first-class amenities and services during flights created the first-class market. Among all the segments, it is the most expensive. The amenities begin even before the actual flight with hotel transfers, private check-in, and access to a VIP lounge. First-class seats are higher quality, roomier, and comfy while in flight. According to aircraft type, the in-flight entertainment & connectivity market is anticipated to develop at the highest CAGR rate for narrow body aircraft during the forecast period. The demand for domestic air travel has grown over time in nations including India, Japan, Australia, China, the US, and Russia. International aviation passenger traffic rose 4.1% in 2019 compared to 2018, according to IATA. The demand for narrow body aircraft is anticipated to rise globally due to the growth in air traffic. For the in-flight entertainment & connectivity market, based on end user, the OEM sector is anticipated to expand at the highest CAGR rate during the forecast period. Theemphasisofthenewairlinesisonmanufacturer-provided,pre-installedin-flight

  2. systems. Southeast Asia is also experiencing a rise in demand for low-cost carriers. withtheriseinpassengersmadepossiblebytheexpansionofaeroplanesaroundthe world. Furthermore, increasing is the desire for in-flightentertainment. North America is anticipated to have the largest market share for in-flight entertainment & connectivity during the forecast period. North America held the biggest market share of in-flight entertainment & connectivity with 50.0% and is anticipatedtoexpandataCAGRof5.7%overthecourseoftheprojectedperiod.One of the main causes of the increase is the existence of significant in-flight entertainment & connectivity manufacturers including Viasat, Inc., Astronics Corporation, ridium Communications Inc., and GogoLLC. News Also Covered: https://www.prnewswire.com/news-releases/in-flight- entertainment-and-connectivity-market-worth-6-1-billion-by-2026--exclusive- report-by-marketsandmarkets-301460298.html AboutMarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth forclients. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441

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