Pune, India, Jan. 13, 2021 (GLOBE NEWSWIRE) — The global in-flight entertainment connectivity market size is expected to showcase an exponential growth by reaching USD 7.68 billion by 2027 while exhibiting a CAGR of 9.76% between 2020 and 2027. The growth is attributed to the growing adoption of advanced SATCOM technology and the increasing demand for technologically advanced 5G technology that is likely to drive the manufacturers to develop innovative in-flight entertainment connectivity solutions globally. Fortune Business Insights, published this information in its latest report, titled, “In-Flight Entertainment Connectivity Market Size, Share COVID-19 Impact Analysis, By Type (IFE Hardware (Portable IFE System, and Non-Portable IFE System), IFE Connectivity (Wired Connectivity, and Wireless Connectivity), and IFE Content), By Class (First Class, Business Class, Premium Economy Class, and Economy Class), By Aircraft Type (Narrow Body, Wide Body, Business Jets, and Regional Aircraft), By End-User (OEM and Aftermarket), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 5.71 billion in 2019 and is projected to experience substantial growth in the forthcoming years.
Reduced Number of Flights amid COVID-19 to Restrain Growth
Several countries have imposed a ban on air travel to contain the widespread effects of the novel coronavirus. This has led to a significant decline in revenues witnessed by major aircraft operators. The temporary suspension of operation of flights is expected to restrain the growth of the market to some extent.
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List of Top Companies Operating in the Global In-Flight Entertainment Connectivity Market:
- Astronics Corporation (The U.S.)
- Burrana Pty Ltd (Australia)
- Collins Aerospace (The U.S.)
- FDS Avionics Corp. (The U.S.)
- Global Eagle Entertainment, Inc. (The U.S.)
- Gogo
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